Williams | Robinson | Wiggins
insights - all things legal
in omnia paratus
Showing articles tagged "Business Law" (clear)
The Corporate Transparency Act: Can You Now Ignore It?
What corporate transparency means to you and current legal challenges
The Corporate Transparency Act took effect January 1, 2024, and was almost immediately challenged in the courts. After FinCEN suspended enforcement and exempted U.S. companies by interim rule in March 2025, FinCEN on August 11, 2026, issued its final rule permanently exempting all entities created in the United States — and their beneficial owners — from reporting beneficial ownership information (BOI) to FinCEN. Only foreign companies registered to do business in the United States still report, and even they do not report their U.S. owners. Read this article for more information.
The Status of No-Competition Agreements
Missouri's rules for enforcing non-compete agreements, and where federal regulation stands after the FTC's reversal
In April 2024, the FTC voted to ban nearly all non-compete agreements nationwide — then a federal court set the rule aside before it ever took effect, and the FTC itself abandoned the fight in 2025. With the federal ban dead, non-compete agreements in Missouri are governed the way they always have been: by Missouri's own reasonableness standard. Here's what that means for employers and employees alike.
Selling to an ESOP: ERISA's "Adequate Consideration" Requirement
How employer stock must be valued when an ESOP buys it, and where the rules stand today
An ESOP lets the owner of a closely held business sell the company to its employees through a retirement trust — but because the plan buys stock from insiders, ERISA permits the purchase only for no more than "adequate consideration." In January 2025 the Department of Labor finally proposed regulations defining that term, along with a class exemption for an ESOP's initial acquisition of employer stock — and then withdrew both before they were ever published. This article explains the adequate consideration requirement, the guidance that fills the regulatory gap, and what the withdrawn proposals would have changed.
