The following is an excerpt from The Start-Ups & Emerging Companies Guidebook, a preliminary discussion on best practices and strategies for start-ups and emerging companies to easily leverage. As technology becomes more prevalent in business, the need to understand intellectual property has become of paramount importance. ... The post Intellectual Property Considerations for Start-Ups and Emerging Companies appeared first on Cole Schotz.| Cole Schotz
The New York LLC Transparency Act (NYLTA), originally signed into law on December 23, 2023, and amended on March 1, 2024, is still set to take effect on January 1, 2026. The law will impose new disclosure requirements on limited liability companies formed in New York as well as foreign LLCs authorized to do business in New York State....| Cole Schotz
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The following is an excerpt from The Start-Ups & Emerging Companies Guidebook, a preliminary discussion on best practices and strategies for start-ups and emerging companies to easily leverage. Even before formation, it is critical to consider how a business will be funded, both initially and in the long term. ... The post Initial Financing Options for Start-Ups and Emerging Companies appeared first on Cole Schotz.| Cole Schotz
On September 10, 2025, the Federal Trade Commission (“FTC”) sent letters to numerous unidentified healthcare employers and staffing companies warning them about the potential unenforceability of noncompete agreements directed at nurses, physicians, and other medical professionals. In these letters, FTC Chairman Andrew Ferguson noted that the FTC will focus its resources on enforcing Section 5 of the FTC Act with respect to unlawful noncompete agreements,...| Cole Schotz
As corporate attorneys, we come into regular contact with new businesses and have the opportunity to watch as ideas evolve into products, services and creations that better serve society. We also are acutely aware of the challenges that lay ahead for entrepreneurs in transforming their ideas into a company or product....| Cole Schotz
On August 12, 2025, the U.S. Second Circuit Court of Appeals (the “Court”) held that the New York Office of Cannabis Management and New York Cannabis Control Board violated the Dormant Commerce Clause of the U.S. Constitution by prioritizing the review and award of cannabis-related licenses to in-state applicants. New York’s cannabis licensing program currently gives priority to applicants that were convicted of (or are related to someone who was convicted of) certain marijuana-related ...| Cole Schotz
On August 4, 2025, the New Jersey Department of Environmental Protection (NJDEP) published a Notice of Administrative Change updating certain soil standards to implement the new Ground Water Quality Standards that became effective earlier this year on February 3, 2025. While the announcement unceremoniously characterizes these changes as merely administrative, ... The post A Silent Soil Scramble: NJDEP Sneaks in Some Substantial Changes to Soil Standards appeared first on Cole Schotz.| Cole Schotz
As of its July 3, 2025 effective date, the Contracts Honoring Opportunity, Investment, Confidentiality, and Economic Growth (“CHOICE”) Act dramatically overhauled Florida’s restrictive covenant framework. While many states have passed, or are considering passing, legislation to restrict the legality of noncompete and other restrictive covenant agreements, Florida enacted one of the most—if not the most—pro–noncompete laws in the country. ... The post Florida’s CHOICE Act: Offeri...| Cole Schotz
It is easy to mistakenly assume that naming a guardian in estate planning documents is only critical for individuals with minor children. In reality, however, appointing a guardian is just as important for parents as it is for individuals without children, empty nesters, and retirees. Appointing a guardian is a safeguard for when life takes an unexpected turn....| Cole Schotz
After months of intense negotiations, on July 4, 2025, the One Big Beautiful Bill (OBBB) was signed into law making various changes to the tax code that impacts estate, gift and income tax planning. Increased Estate, Gift and Generation-Skipping Transfer Tax Exemptions The Federal estate and gift tax exemption is currently set at $13.99 million per individual ($27.98 million for a married couple)....| Cole Schotz
H.R. 1 (President Trump's so-called "One Big Beautiful Bill") was officially signed into law Friday, July 4, and with it came sweeping changes to the real estate industry. Some of these changes are extensions of Trump's Tax Cuts and Jobs Act from 2017 (“2017 Act”). Like all change (and legislation),...| Cole Schotz
