Recent Developments in Diversity Jurisdiction for LLCs and Other Unincorporated Forms

When my mother graduated from college in 1994, the average cost for an in-state, four-year degree and required fees (excluding room and board), adjusted for inflation, was $5,119 annually.[1] As of 2023, that amount has grown to $17,709.[2] Though the rise in cost alone provides one reason the Section 529 Education Savings Plan has become […]

On November 15, 2024, a federal district court in Texas struck down a U.S. Department of Labor (“DOL”) rule that would have significantly increased the minimum salary threshold for overtime exemption as an administrative, executive, or professional employee (otherwise known as “white collar” exemptions). The Court found that the DOL exceeded its rulemaking authority by […]

The Corporate Transparency Act (the “CTA”) remains on track – as of now, your company created before January 1, 2024, absent one of the few exemptions, MUST make an initial filing before the end of 2024.  This SKO Insider will summarize some recent developments, as well as provide more information about how to determine a […]