On this webinar we discuss The Federal Trade Commission’s (FTC) new ruling which prohibits noncompete agreements. While this has been the subject of considerable discussion among employment and corporate attorneys, similar attention has yet to be given to this development among estate planners. The rule has a far-reaching impact on estate planning. The ramifications of how small, closely held, and family businesses that have used noncompete provisions, non-solicitation, and nondisclosure agreements will now address protecting themselves and retaining key employees and contracts must change.

The valuation of companies may be significantly affected. For some family and closely held businesses, the impact of succession planning could be dramatic. The family business may no longer be able to rely on restrictive provisions to retain key employees necessary to the business’s future success and succession to younger family members.

This webinar covers:
– The new rule and its impact on estate and succession planning
– The new notice requirements and other provisions of the FTC rule
– What businesses might still be able to do, and more

On this webinar Abigail O’Connor, Jonathan Blattmachr, Chris Lauer, and Martin M. Shenkman have a “deep dive” discussion of the Corporate Transparency Act (CTA). They covered:

• A quick overview of the CTA (a brief review of terminology so that even if you have missed prior CTA programs you will be able to follow the discussions).
• How firms can adapt to dealing with the CTA. This will include notifying clients, modifying engagement agreements, updating intake procedures, updating existing client documents, updating forms, understanding whether and when to handle CTA reporting.
• The just issued new FAQs. We’ll have a detailed discussion about the practical issues Reporting Companies will face when Beneficial Owners do not want to provide required information.
• What leverage Reporting Companies will have
• What officers who might face liability can do