Business Services
In the field of Business Services, we regularly advise public and private companies, private equity firms, investment banks, government entities, middle-market companies, individual entrepreneurs, and other institutions in a broad spectrum of business and financial matters.
Recognized by Chambers USA and U.S. News – Best Lawyers® "Best Law Firms," as a leading law firm in the delivery of sophisticated corporate services, the attorneys of Stites & Harbison regularly counsel clients on a broad range of matters from strategic transactions to the day-to-day operations and success of their business.
We provide dedicated and cost-effective counsel on:
- Administrative Law
- Airport Law
- Business Expansion, Relocation & Government Incentive Programs
- Charitable & Nonprofits
- Commercial Finance
- Contract Drafting
- Negotiations for Public & Private Partnerships
- Succession Planning
- Corporate Finance & Securities Offerings
- Corporate Governance & Disclosure
- Employee Benefits
- Entertainment Law
- Entrepreneurial Services
- ESOPs
- Joint Ventures
- Mergers & Acquisitions
- Securities
- Taxation
- Trade Association Law
The lawyers of Stites & Harbison work collaboratively, across industries and practices, to provide the most comprehensive and thorough legal representation.
FTC Issues Final Rule Banning Non-Compete Agreements; Legal Challenges Have Already Begun
On April 23, 2024, the FTC issued its final rule banning employers’ use of non-compete agreements. The rule is broad, applying nationwide and to all non-compete agreements, with a few narrow exceptions. The ban has not gone into effect—it’s scheduled to go into effect 120 days after being published in the Federal Register—and legal challenges have already been filed. Robin McGuffin and Zac Losey take a look at the new rule in this Stites & Harbison Client Alert.
EEOC Issues Final Rule Implementing the Pregnant Workers Fairness Act
The Pregnant Workers Fairness Act (PWFA) was enacted last year with the purpose of protecting pregnant workers from discrimination and providing them with a right to reasonable accommodations in the workplace. On April 15, 2024, the Equal Employment Opportunity Commission (EEOC) published its Final Rule setting forth expansive regulations implementing the law. The Final Rule becomes effective June 18, 2024. Robin McGuffin and Harlee Havens take a look at what this means in this Stites & Harbison Client Alert.
Data Security and Privacy Symposium
Time: 8:00 a.m. - 4:30 p.m.
State Bar of Georgia Conference Center, 104 Marietta Street NW, Atlanta, GA 30303
Attorneys Shannon Sprinkle and Matt Gass will be moderating and participating on a panel focused on Litigation Trends in Privacy and Data Protection on April 17, 2024 presented by the Atlanta Bar Association.
Key Employee Compensation Alternatives
Many companies struggle with how to best compensate and incentivize their key employees. Salary and short-term bonuses alone may not be sufficient. Many key employees seek to be rewarded for their long-term efforts and to share in any increase in value of the company. Andy Jacobs takes a look at the most common means adopted by companies in this Stites & Harbison Client Alert.
Corporate Transparency Act Impacting Construction Industry: Covered Entities, Reporting Requirements, Exemptions
Time: 1:00 p.m. - 2:30 p.m.
Webinar
Alison Zeitlin will be a speaker at this webinar that will examine the Corporate Transparency Act (CTA) and its impact on construction entities, including who is considered a "reporting company" subject to new beneficial ownership information reporting requirements and the information that must be reported.
Retirement Plans: How to Guard Against Fiduciary Liability
In recent years, we have seen more and more ERISA class action claims against retirement plan sponsors and committees for breach of fiduciary duty. In the past, such claims were generally only made against very large plans but we are starting to see claims against smaller plans. The primary allegation is often that the fiduciaries failed to seek the lowest fees available or put another way the fiduciaries were “asleep at the wheel.” By one report, 463 lawsuits have been filed over the last eight years claiming fiduciaries failed to obtain the lowest available fees. Lexington office attorney Andy Jacobs takes a look at the issues in this Stites & Harbison Client Alert.
Easy Come, Easy Go: Delaware Court Upends Elon Musk’s $56 Billion Equity Incentive Plan
An extraordinary performance-based stock option plan (the “Grant”) awarded by Tesla, Inc. (“Tesla”) to Elon Musk (“Musk”) was invalidated by the Delaware Court of Chancery last week, despite the fact that over 70% of Tesla’s disinterested stockholders approved it at a 2018 special meeting. Attorney Brian Cromer takes a look at the decision in this Stites & Harbison Client Alert.
Kentucky Super Lawyers® Honors 49 Stites & Harbison Attorneys for 2024
LOUISVILLE, Ky.—The 2024 edition of Kentucky Super Lawyers® recently honored 49 Stites & Harbison, PLLC attorneys in the Covington, Frankfort, Lexington and Louisville, Ky., offices. The publication named 35 attorneys to the Super Lawyers® list and 14 attorneys to the Rising Stars® list.
Stites & Harbison Promotes Three Attorneys
LEXINGTON, Ky.—Stites & Harbison, PLLC announced today that three attorneys have been promoted to Member (Partner). The promotions are effective January 1, 2024. The new Members (Partners) are Katie M. Glass, Mary Lucille (Mary Lu) Noah, and Drake W. Staples.
Ten Stites & Harbison Attorneys Honored by 2023 Mid-South Super Lawyers
NASHVILLE, Tenn.—The 2023 edition of Mid-South Super Lawyers recently honored 10 Stites & Harbison, PLLC attorneys. Seven attorneys were named to the Super Lawyers list and three were named to the Rising Stars list.
Kentucky Now Allows Persons Age 70 and Over To Opt Out of Jury Service
In March 2023, Kentucky enacted KRS 29A.080, a new law that allows persons 70 and older to voluntarily opt out of jury service. Attorneys Ashley Ward and Kyle Schroader take a look at that new law in this Stites & Harbison Client Alert.
Stites & Harbison Earns 88 Rankings in 2024 Best Law Firms®
LOUISVILLE, Ky.—Stites & Harbison, PLLC has been ranked in the 2024 edition of Best Law Firms®. The firm’s National Tier 1 rankings include: Litigation – Construction, Litigation – Real Estate, and Trademark Law.
Kentucky Chamber Elects Brian A. Cromer to Executive Committee
LOUISVILLE, Ky.—The Kentucky Chamber of Commerce has elected Stites & Harbison, PLLC attorney Brian Cromer to its Executive Committee. Cromer will serve a two-year term on the 14-member Executive Committee, which represents a cross-section of key business and industry leaders from across Kentucky. He continues to serve as a member of the Kentucky Chamber’s Board of Directors.
The Corporate Transparency Act: Is Your Business Prepared For Sweeping New Federal Reporting Requirements?
On January 1, 2021, with bipartisan support, Congress enacted the Corporate Transparency Act (“CTA”) as part of the National Defense Authorization Act for Fiscal Year 2021 (“NDAA”) when it overrode former President Trump’s veto of the NDAA. As part of an effort to combat money laundering, the financing of terrorism, and other illicit activities, the CTA requires business entities formed or registered in the United States that fall within the definition of a “reporting company” to disclose beneficial ownership information to the Financial Crimes Enforcement Network (“FinCEN”) of the Department of Treasury. While the purpose of the legislation may be commendable, it casts an extremely wide net and imposes new compliance burdens on businesses beginning in 2024.
Stites & Harbison Signature Event
Time: 5:30 p.m. - 8:30 p.m.
Rupp Arena at Central Bank Center, 430 West Vine Street, Lexington, KY 40507
Join Stites & Harbison for this Signature Event in Lexington for a special evening at Rupp Arena.
Bluegrass Area Chapter of American Red Cross Elects Brady W. Dunnigan to Board
LEXINGTON, Ky.—The Bluegrass Area Chapter of the American Red Cross has elected Stites & Harbison, PLLC attorney Brady W. Dunnigan to its Board of Directors. He will serve an initial two-year term.
Corporate Counsel Recognizes Marjorie A. Farris with 2023 Women, Influence & Power in Law Award – Managing Partner of the Year
LOUISVILLE, Ky.—Corporate Counsel has honored Stites & Harbison, PLLC Chair Marjorie A. Farris as a “Managing Partner of the Year” in its 2023 Women, Influence & Power in Law (WIPL) Awards. She is one of six women honored in this category across the country.
Stites & Harbison, PLLC Lawyers Named to 2024 Best Lawyers® Publications
LOUISVILLE, Ky.—Stites & Harbison, PLLC is pleased to announce that 101 of its lawyers are included in the 2024 edition of The Best Lawyers in America®.
Beware of Part-Time Employee 401(k) Plan Eligibility in 2024
Andy Jacobs takes a look at 401(k) plan eligibility by part-time employees in this Stites & Harbison Client Alert.
“To Text or Not to Text…” Challenges to Defending Employment Matters Involving Text Messages
Time: 12:00 p.m. - 1:40 p.m.
WEBINAR
Employment attorney Shannon Hamilton challenges an employer may face when defending an employment matter that involves text messaging as evidence along with other matters in this myLawCLE webinar.