Labor and Employment Law Update FAQs: Learn How To Keep Your Company's Greatest Asset – Your Workforce – From Becoming a Source of Liability
Few areas of the law change as often and impact as many people and businesses as employment law. Each year, new and amended statutes, regulations, ordinances, and policies at the federal, state, and local levels alter the rights of workers or expand the obligations of employers. . . . [READ MORE]
Amendments to New Chicago Paid Leave and Paid Sick and Safe Leave Ordinance Extend Deadlines, But Employers Still Need to Act Now To Ensure Compliance
In November 2023, the City of Chicago adopted the Chicago Paid Leave and Paid Sick and Safe Leave Ordinance (the "Ordinance"), which, among other things, dramatically expands the amount of paid leave that employers in the city must provide their workers each year. With employees allowed up to 80 hours of paid leave every 12 months, the Ordinance is twice as generous as the Illinois Paid Leave For All Workers Act that Gov. JB Pritzker signed into law in March of last year. . . . [READ MORE]
Corporate Transparency Act: Reporting Obligations
Effective January 1, 2024, the Corporate Transparency Act (CTA) will require reporting entities to file a beneficial ownership information (BOI) report with the Financial Crimes Enforcement Network (FinCEN). The BOI will require disclosure of personal information for certain owners and operators of each entity. The CTA aims to enhance corporate transparency to prevent illicit activities such as money laundering, terrorism financing, and other financial crimes. Below are some key takeaways, which are being provided as a high-level overview of the CTA. . . . [READ MORE]
