As more states legalize cannabis and the industry experiences ongoing growth, we are witnessing a rising trend of acquisitions and sales within this sector. While buying and selling a business is a complex process for any industry, there are unique considerations to...
Articles
College Athletes as Employees: Landmark Case Could Reshape Collegiate Athletics
Implications for Federal Anti-Discrimination Laws In a pivotal legal battle, the Third Circuit is currently deliberating whether college athletes should be considered employees under the Fair Labor Standards Act for the purpose of receiving wages. This landmark case...
Gig Workers Now Protected in Columbus, Ohio
The City of Columbus, Ohio, has enacted a new code conferring legal rights to gig workers, also known generally as freelance workers. Freelance workers now constitute almost forty percent of the national workforce. The increase in this gig economy is driven by both...
DOL Works to Limit the Number of Overtime Exempt Workers with Proposed New Rule
Fair Labor Standards Act (FLSA) Overview The Fair Labor Standards Act (FLSA) requires that all covered employers pay their employees compensation for hours worked over forty per week at one and a half times their regular rate of pay, unless exempt. Exemptions under...
Maximizing Tax Benefits: Exploring SALT Cap Workarounds
Recently, the Wall Street Journal published an article entitled "The SALT Cap Has a $20 Billion Hole." The premise of the article was that the projections of the additional revenue that would be received by limiting the SALT deduction to $10,000 under the Tax Cut and...
SEC Increases Oversight of Investment Advisers to Private Equity Funds and Hedge Funds with New Rules
SEC Approves New Rules Impacting Investment Advisers and Funds On Wednesday, August 23, 2023, the Securities and Exchange Commission (SEC) voted 3-2 along party lines to approve new rules and rule amendments under the Investment Advisers Act of 1940 (Advisers Act)....
NLRB Issues Final Rule Rolling Back Remainder of 2019 Regulation on Representation Elections
The National Labor Relations Board (NLRB) has announced a new rule that will reduce the waiting time for workers to vote on whether to unionize. Following the NLRB decision in March 2023 to rescind four provisions of the 2019 Regulation from the Board’s Rules and...
Who’s Liable When Your Cryptocurrency Is Stolen?
One of the asserted advantages of blockchain and cryptocurrency is their operation outside the commercial banking system. However, this very feature poses a challenge when cryptocurrency is stolen—or more accurately, transferred without the account holder's...
How Do You Spell Relief? Changes to Homestead Exemption to Provide Relief for Eligible Ohio Homeowners
With 8.3% inflation last year and rising property taxes due to increased property values, we all could use some relief; especially those who really need it. Legislative Action to Alleviate Property Tax Burdens Thanks to Reps. Thomas Hall, R-Madison Township, and Steve...
EEOC’s Proposed Regulations for the Pregnant Workers Fairness Act Provide Insight on Interpretation
The recently enacted Pregnant Workers Fairness Act (PWFA) was effective June 27, 2023. This new law makes discrimination against pregnant workers unlawful and provides additional protections for pregnant workers. Coverage and Accommodations Employers covered by the...