On Monday, December 23rd, a federal appeals court issued a ruling reinstating reporting requirements under the Corporate Transparency Act (“CTA”), with the Treasury Department’s FinCEN extending key deadlines to accommodate the recent legal uncertainty.
Last week, the US District Court for Eastern District of Texas ruled on reporting under the Corporate Transparency Act, issuing a nationwide injunction against its enforcement. The CTA otherwise required entities to report Beneficial Ownership Information on or before January 1, 2025. While this injunction is not permanent, we will suspend filings for companies until the injunction is overturned on appeal.
Kotz Sangster Wysocki P.C., a leading business law firm based in Detroit, has announced that attorney Douglas Eyre has joined the firm in its Detroit office. Eyre is a seasoned attorney, bringing over 20 years of experience in construction law and commercial litigation to the firm.
On June 15, 2023, Governor Whitmer signed into law the “Creating a Respectful and Open World for Natural Hair Act” or CROWN Act. The CROWN Act amends and expands the Elliott-Larsen Civil Rights Act’s definition of “race” to prohibit discrimination based on hair texture and protective hairstyles in employment, public accommodations and public services, educational facilities and housing. Specifically, “race” is now defined as “inclusive of traits historically associated with race, including, but not limited to, hair texture and protective hairstyles. For purposes of this definition, ‘protective hairstyles’ includes, but is not limited to, such hairstyles as braids, locks, and twists.” The text of 2023 PA 45 can be found here.
Michigan is the 23rd state to enact a version of the CROWN Act.
The CROWN Act passed with bipartisan support, and takes effect immediately. Employers should update any employment policies, handbooks or other employment documents accordingly, and should inform their managers and supervisors of the change in the law.
Should you have any questions regarding the CROWN Act, contact your Kotz Sangster relationship attorney.