HSB Blog
HSB Webinar Announcement – Employment Law Pitfalls: What Employers Get Wrong (Even When They Think They Are Right)
April 08, 2025
Guest speaker Jacob Modla, Cromer Babb & Porter, will join HSB’s Chris Gantt-Sorenson on April 24, 2025, from 12-1PM for a practical discussion on how legally sound decisions can still create risk if not handled correctly.
Beyond the Game: NIL Opportunities and Legal Insights for Student-Athletes and Businesses
March 31, 2025
With March Madness in full swing, the spotlight isn’t only on thrilling buzzer-beaters or underdog victories; it’s also on the continued evolution of Name, Image and Likeness (NIL) rights. Since the NCAA's landmark policy shift in 2021, student-athletes can now profit from their personal brands. This is exciting. However, these new opportunities come with the need for smart strategy, compliance and legal insight.EEOC and DOJ Issue Joint Press Release Warning Against Unlawful DEI-Related Discrimination
March 28, 2025
The Equal Employment Opportunity Commission (EEOC) and the Department of Justice (DOJ) issued a press release on March 19, 2025, to introduce two technical assistant documents “focused on educating the public about unlawful discrimination related to ‘diversity, equity and inclusion (DEI)’ in the workplace.” The EEOC and DOJ explain DEI is a broad term that is not defined in Title VII of the Civil Rights of Employment Act, §§42 U.S.C. 2000e-2, et seq. (“Act”), which prohibits discrimination on the basis of applicants’ or employees’ protected characteristics. The Agencies explain DEI discrimination that violates the Act involve employment actions taken by an employer motivated, in whole or in part, by an employee’s or applicant’s protected status.Beyond Silence: South Carolina Supreme Court Ruling Clarifies Acceptance in Employment Arbitration Agreements
March 21, 2025
In Lampo v. Amedisys Holding, LLC and Leisa Victoria Neasbitt, the South Carolina Supreme Court establishes important legal precedent regarding contract formation for arbitration agreements between employers and employees. Specifically, the Court held that an employee’s silence does not constitute acceptance to form a binding contract that requires the employee to resolve all disputes by arbitration. The decision marks the Court’s philosophy that employers cannot impose contract modifications or unilaterally alter employment terms without clear consent.HSB Webinar Announcement: FMLA and ADA Compliance
March 13, 2025
Click here to view a recording of this complimentary webinar presented by HSB's Employment Law team.What Employers Need to Know About Shifting Caselaw and Legislation
March 12, 2025
As employers navigate the complexities of a new political era and evolving regulatory framework, staying ahead of these changes isn't just advisable — it's essential.Several executive actions have already influenced employment practices in the initial weeks of President Donald Trump's second term. Meanwhile, courts in several important cases in 2024 sided with employer interests. The ongoing saga of Fair Labor Standards Act (FLSA) salary thresholds, broad rulemaking from federal agencies, and updated EEOC guidance continues to keep employers on their toes in order to stay compliant with the latest rules and guidance.
Here are important employment law updates from 2024 and the first quarter of 2025 to prepare employers for the rest of the year.
HSB Webinar Announcement: Employment-based Immigration and Employer Compliance Update
February 27, 2025
Click here to view a recording of this complimentary webinar presented by HSB's Employment Law team.New Deadlines for FINCEN Compliance Issued
February 21, 2025
Update as of 3/3/25: On February 27, 2025, FinCEN announced it will not impose penalties on companies that do not submit their beneficial ownership information reports by the March 21 deadline. The agency plans to issue an interim final rule to establish new reporting deadlines no later than March 21 and intends to revise the Beneficial Ownership Information Reporting Rule this year. On March 2, 2025, the Treasury Department clarified that no penalties will be imposed on U.S. citizens or domestic companies, even after the upcoming rule changes. Instead, it will propose new rulemaking to narrow the scope of the requirement to only foreign reporting companies. Additional information can be found on FinCEN’s website at https://www.fincen.gov/. We are closely monitoring developments and legislation and will continue to provide updates on this blog as soon as they are available.The Corporate Transparency Act (CTA) introduced substantial new reporting obligations for a wide array of corporate entities. Generally, any domestic entity formed by filing documents with a secretary of state or similar office – such as corporations, limited liability companies, limited partnerships, and limited liability partnerships – is considered a reporting company subject to these requirements. The CTA also applies to foreign entities registered to conduct business through similar filings.
HSB Webinar Announcement: 2025 Employment Law Legislative Preview
January 13, 2025
Click here to view a recording of this complimentary webinar presented by HSB’s Employment Law team.On January 23, Katie Busbee and Joseph Dickey presented on key issues impacting employers this year in our 2025 employment law legislative preview.
Navigating FinCEN Compliance: Quickly Approaching Deadlines for Businesses formed before 2024
November 20, 2024
Important Update:
3/03/2025: On February 27, 2025, FinCEN announced it will not impose penalties on companies that do not submit their beneficial ownership information reports by the March 21 deadline. The agency plans to issue an interim final rule to establish new reporting deadlines no later than March 21 and intends to revise the Beneficial Ownership Information Reporting Rule this year. On March 2, 2025, the Treasury Department clarified that no penalties will be imposed on U.S. citizens or domestic companies, even after the upcoming rule changes. Instead, it will propose new rulemaking to narrow the scope of the requirement to only foreign reporting companies. Additional information can be found on FinCEN’s website at https://www.fincen.gov/. We are closely monitoring developments and legislation and will continue to provide updates on this blog as soon as they are available.
2/20/2025: The injunctions on the Corporate Transparency Act detailed below have all been lifted. As of February 20, 2025, the deadline for most companies to file their BOI Report is March 21, 2025. All companies formed on or prior to February 20, 2025, must file their initial BOI Report, and update any previously filed reports if necessary, by March 21, 2025. All companies formed after February 20, 2025, have 30 calendar days to file their initial BOI Report. Note, if a reporting company’s principal place of business is located in an area designated by both FEMA and the IRS as qualifying an individual for public assistance and filing relief as a result of a hurricane or other natural disaster, the reporting company may have a further extension to file its BOI Report. Additional information can be found on FinCEN’s website.
1/27/2025: On January 23, 2025, the U.S. Supreme Court granted the government's motion to stay a nationwide injunction issued by the U.S. District Court for the Eastern District of Texas in Texas Top Cop Shop, Inc. v. McHenry (formerly Texas Top Cop Shop, Inc. v. Garland). However, a separate nationwide order in Smith v. U.S. Department of the Treasury from another federal judge in Texas remains in effect. As a result, reporting companies are not currently required to file beneficial ownership information with FinCEN, despite the Supreme Court's decision. They may, however, choose to voluntarily submit these reports.
12/27/24: On December 26, 2024, the United States Court of Appeals for the Fifth Circuit vacated its own stay of the nationwide injunction. Thus, Reporting Companies are not obligated to comply with the Corporate Transparency Act at this time. We will continue to provide updates on this issue.
12/26/24: On December 23, 2024, the United States Court of Appeals for the Fifth Circuit lifted the nationwide injunction prohibiting the enforcement of the CTA. Thus, Reporting Companies are once again obligated to comply with the Act. Fortunately, however, FinCEN extended the January 1, 2025 deadline for reporting companies to January 13, 2025.
12/3/24: A nationwide preliminary injunction has been issued prohibiting the enforcement of the CTA and the required reporting filed thereunder. This means companies are not currently required to comply with the January 1, 2025 reporting deadline. However, an appeal has been filed by the Department of Justice so the injunction could be lifted or amended at any time. Therefore, we recommend continuing to gather the information needed to complete the report as if the January 1, 2025 deadline were still in effect. It is optional whether you want to go ahead and voluntarily file the BIO report or wait for further court action.
A variety of businesses, such as LLCs, LLPs, partnerships, and corporations, formed before January 1, 2024, have until January 1, 2025, to file their initial report with the Department of Treasury’s Financial Crimes Enforcement Network (FinCEN).
