As part of the comprehensive “SECURE 2.0” retirement plan legislation enacted in December 2022, Congress directed the U.S. Department of Labor (DOL) to issue a long delayed and much needed regulation defining the term “adequate consideration” for purposes of the rules governing stock purchase and sale transactions by Employee Stock Ownership Plans (ESOPs).

Recently there has been an increase in offers and notices from companies not associated with the U.S. Patent and Trademark office (PTO).

On Tuesday, in Brown v. Johnson, the Court of Appeals of Virginia affirmed a decision from the Circuit Court of Fairfax County, holding that a will created a determinable life estate with a contingent fee simple subject to a condition precedent.

On behalf of the ESOPs & Employee Benefits team, we hope you’re enjoying the first days of Spring, when the longer days allow more time to ponder the ever-changing landscape of employee benefits compliance.

The Corporate Transparency Act (CTA) went into effect January 1, 2024, imposing significant reporting obligations for millions of privately held entities, called Reporting Companies.

Kaufman & Canoles is pleased to announce 15 attorneys were selected for inclusion in Virginia Super Lawyers and 5 were selected as Rising Stars 2024.

Kaufman & Canoles is pleased to announce that L. Scott Seymour has been named as one of Virginia’s Go To Lawyers in the area of business transactions by Virginia Lawyers Weekly.

Kaufman & Canoles is pleased to announce that Michael J. Levy has joined the firm.

Kaufman & Canoles is pleased to announce that Brandon S. Allred was named the new Chair of the Real Estate Strategies Practice Group and Robert Q. Johnson was named the new Chair of the ESOPs & Employee Benefits Practice Group.

In a landmark move marking a new era for Kaufman & Canoles, P.C., a respected law firm with roots tracing back to 1919, Jason R. Davis steps into the role of president and chief executive officer effective April 1, 2024.