209: Understanding the Impact of the FTC Noncompete Rule and Corporate Transparency Act on Business w/ Merlyne Jean-Louis

Black to Business

Imagine you've just recruited a top-notch talent who's eager to join your team and contribute to the growth of your business. Everything seems to be falling into place—until you realize their previous non-compete agreement can undermine this opportunity. This is the kind of scenario many business owners face, and it’s about to become even more relevant with the upcoming regulatory changes.

In this crucial episode of Black to Business, we delve into the FTC Non-compete Rule and the Corporate Transparency Act—two significant regulatory shifts that will impact how you manage your workforce and maintain compliance. These changes are not merely routine updates; they have the potential to profoundly reshape business operations. We are joined by Merlyne Jean-Louis, a highly regarded business entertainment lawyer, to help us understand these rules and navigate the complexities they bring.

DURING THIS EPISODE YOU’LL LEARN:

• The basics of the FTC Non-compete Rule and its impact starting September 4, 2024.

• How this rule promotes competition and innovation.

• Who counts as a "senior executive" under the new rule.

• Key points of the Corporate Transparency Act effective January 1, 2024.

• Deadlines for submitting Beneficial Ownership Information (BOI) reports.

ABOUT MERLYNE:

Meet Merlyne Jean-Louis—the powerhouse behind Jean-Louis Law, a bicoastal virtual law firm specializing in business and entertainment law. She’s dedicated to helping creatives and business owners protect their most valuable assets: their assets, brand, and content. Whether you’re an influencer, a podcaster, or an entrepreneur, Merlyne has the expertise to safeguard your interests.

She’s been featured in Bloomberg, CBS, The Verge, and Fast Company for her legal acumen and innovative approach. Plus, she’s the founder of Gambit Academy for Lawyers, where she mentors other legal professionals in building their own virtual firms.

A proud alumnus of Duke Law and NYU, Merlyne is admitted to practice in both New York and California. She’s also deeply committed to giving back through her work with Volunteer Lawyers for the Arts and Femme It Forward’s Next Gen Femme program.

Don't miss out on the resources mentioned in this episode by checking out the show notes at blacktobusiness.com/209

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