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The Federal Trade Commission (FTC) recently proposed a rule to ban non-compete clauses in employment agreements. This proposed rule has been met with mixed reactions, as this would have major implications for businesses of all sizes. Let’s explore what this could mean for businesses and their employees in the near future. What is a Non-Compete Clause? Non-compete clauses are found…
Save Money and Avoid Penalties The last two years have brought major macroeconomic and geopolitical shocks (Covid-19, Inflation, Ukraine war) that deeply affected the growth plans of many small and medium businesses and made investors very risk-averse. The recession is still looming, but here are some of the trends that might be interesting for Cea Legal’s clients: New York Real…
When you read news stories about financial crimes and business corruption, you might get the impression that businesses can get away with anything. It seems like banks will lend them huge sums of money after asking a few questions about what they will do with the money. A new federal law aims to increase business transparency by forcing the corporations…
What is an EB-5 Visa? The EB-5 visa category allows entrepreneurs to apply for a green card if they make a substantial investment in a commercial enterprise in the U.S., and plan to create or preserve ten permanent full-time jobs for qualified US workers. Immigrants can invest directly in a job-creating business, or they can invest through Regional Centers approved…
What Companies Need to Know to Avoid Civil Penalties In its mission to assist businesses comply with multiple laws, regulations and guidelines, Cea Legal analyzed the requirements of the recently enacted New York City’s pay transparency law. The new law makes it illegal for a NYC-based company – with at least four employees or independent contractors – to advertise a…
An estate plan is a crucial strategy that should be devised for the transfer of high-net-worth individuals’ property, whether during their lifetime or, often, after their death. At Cea Legal, we strive to create “bespoke” estate plans for each client. The task begins with understanding our clients’ long-term goals: making gifts or enjoying their wealth during their lifetime; optimal tax…
Newly formed companies often need fresh capital to start-up their operations. There is no one-size-fits-all approach when it comes to how to fund the business. We counsel founders from the outset and lead them to choose the right investors and, more importantly, the most valuable financing tools available under the specific circumstances. The most common early-stage financing methods are convertible…
As widely known, Non-Fungible Tokens (NFTs) are digital assets that register an immutable transaction on the blockchain. However, often it is not very clear what legal rights the purchaser obtains with the digital asset embedded in the NFT. One of the questions that our clients ask us on a regular basis is what legal rights are transferred with a specific…
It’s no secret that the costs in connection with investing in real estate in New York are considerable. Our clients often ask us to provide us a detailed estimate of the expenses before making a final offer. When an investor is financing the purchase, one of the most significant disbursements to take into consideration is the mortgage recording tax. The…
A crucial question that often arises in conversations with our clients is whether a digital asset that is being offered or planned to be launched soon will trigger compliance with security laws. The answer to the question typically is based on the analysis as to whether the client will issue a security token or a utility token. A security token…