The FTC Non-Compete Ban: What Florida Business Owners Need to Know Now (December 2024 Update)
Updated: December 9, 2024 The Federal Trade Commission’s (FTC) attempt to ban most non-compete agreements nationwide has entered a critical phase of legal uncertainty. As of December 9, 2024, the rule’s implementation remains blocked by federal court challenges, leaving Florida businesses navigating between existing state …
Legal Alert: U.S. Department of Labor Publishes Final Rule Increasing Overtime Exemption Thresholds
What Florida Businesses Need to Know to Prepare for the New Overtime Exemption Rule Florida employers with employees working more than 40 hours in a week need to pay overtime unless specific exemption criteria are satisfied. One of these is known as the minimum salary …
Legal Alert: State of Florida Reduces Sales Tax Rate for Commercial Rental Properties
Florida State Sales Tax Rate for Real Property Slashed Down to 2% In a move welcomed by many business owners, the State of Florida is lowering the sales tax rate for commercial rental properties down from 4.5% to 2% effective June 1, 2024. This change …
LEGAL ALERT: FTC Announces Final Rule That Will Ban Non-Compete Clauses in Florida
The End of Non Compete Clauses as We Know Them? Important Information for Florida Business Owners Updated: April 29, 2024 A Final Rule issued by the Federal Trade Commission (FTC) has essentially made non compete agreements and clauses null and void. In a major shift …
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