The short version: Kentucky Senate Bill 50 rewrites what a surviving spouse inherits when there is no will, and it quietly expands the pool of assets a spouse can reach, including assets you may have already moved into a trust or retitled, which makes a well drafted buy-sell agreement more important, not less. Kentucky Senate […]
Takeaway: A strong operating agreement is the cheapest insurance against a partnership breakdown, and Kentucky law still gives you options if a dispute has already started. Starting a business with a partner is an act of optimism. You share a vision, you trust each other, and the paperwork feels like a formality. But Kentucky LLC […]
Imagine launching a tech startup in Louisville that thrives in the fast-paced world of blockchain and cryptocurrency—without the usual regulatory headaches. Thanks to House Bill 701, signed into law in 2025, Kentucky is rolling out the red carpet for blockchain innovators. This game-changing legislation exempts self-custody and staking of digital assets from certain financial regulations, […]
Recent Corporate Transparency Act updates have brought significant changes to the enforcement of beneficial ownership reporting requirements. Two major court rulings have created uncertainty for reporting companies, as deadlines for submitting beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN) remain suspended. Below, we break down the latest developments and their implications for businesses. […]
The Kentucky medical marijuana law marks a significant shift in the state’s approach to cannabis regulation. On January 1, 2025, Kentucky joined the growing number of states legalizing medical marijuana with the implementation of the Medical Marijuana Act. While this landmark legislation creates new opportunities for medical treatment, it also raises important questions for employers […]
In a move that seems perfectly timed to disrupt holiday business planning, the Corporate Transparency Act (CTA) has hit another roadblock, with the U.S. Court of Appeals for the Fifth Circuit suspending BOI reporting requirements that were set to take effect in January 2025. Corporate Transparency Act deadline is suspended, for now. This latest development […]
On August 20, 2024, the U.S. District Court for the Northern District of Texas issued an order officially setting aside the FTC’s Final Rule Banning Non-Competes (the “Ban”). The Ban had previously been blocked on a tempory basis and only as to the parties who filed that lawsuit in Texas. The FTC’s Ban is now […]
Months after the Corporate Transparency Act (CTA) went into effect, a federal court has found it unconstitutional, ruling that it exceeds the Constitution’s limits on Congress’ power. On March 1, 2024, U.S. District Court Judge in Alabama issued a 53-page opinion granting summary judgment for the National Small Business Association and held that the Corporate […]
On September 18, 2023, the US Department of Treasury Financial Crimes Enforcement Network (FinCEN) published its Small Entity Compliance Guide. The new FinCEN guide assists businesses in reporting beneficial ownership information (i.e., individuals who directly or indirectly own or control a company). It provides a useful collection of Corporate Transparency Act – Background In September […]
On January 5th, the Federal Trade Commission issued a notice of proposed rulemaking that seeks to implement a nationwide retroactive ban on non-compete agreements, with limited exceptions. The proposed rule would supersede state laws that are less protective of employees. If enacted, the rule would amount to a near-total ban on the use of non-compete […]