Business Law and Corporate Law

The One Big Beautiful Bill Act introduces Section 25F of the Internal Revenue Code, establishing a federal tax credit of up to $1,700 annually for individual taxpayers who contribute to eligible Scholarship Granting Organizations beginning in 2027. States must voluntarily elect to participate and identify qualifying SGOs, which face federal requirements for scholarship distributions, student eligibility verification, accounting practices, audits and reporting obligations. As the U.S. Department of the Treas

At Walkup Law, community involvement includes helping shape the future of the legal profession. Shareholder Khaldoun Baghdadi is actively involved with Just The Beginning – A Pipeline Organization(JTB), a nonprofit dedicated to introducing students to legal careers through mentorship, education, and hands-on learning opportunities.

The Texas Business Court's July 2026 decision in Jeremiah Counsel Corporation v. Ben Young examines how courts navigate the tension between church autonomy principles and statutory corporate governance requirements when religious organizations incorporate under Texas law. This case explores whether Second Baptist Church of Houston properly amended its governing documents to eliminate member voting rights and what remedies, if any, are available to dissenting members under the Texas Business Organizations Co

Four major policy developments in 2026 have reshaped the landscape of employee benefits and executive compensation, involving significant regulatory changes from the Department of Labor's Employee Benefits Security Administration and the Securities and Exchange Commission. These changes affect 401(k) plan fiduciaries, enforcement priorities, disclosure requirements, and the treatment of Trump accounts under ERISA.

Executive employment agreements require careful attention to interconnected provisions that affect compensation, severance, tax treatment, and post-employment obligations. Understanding how bonus structures...

The Delaware Court of Chancery issued its first interpretation of the 2025 amendments to Section 144 of the DGCL in a derivative lawsuit challenging director compensation decisions at Fidelity National Financial. The decision establishes how courts will apply the amended statute's safe-harbor provisions for conflicted transactions and its presumption of director independence, while confirming that director self-compensation remains subject to heightened judicial scrutiny.

Vice President and Chief Administrative Officer of Arthur M. Blank Sports and Entertainment, Nick Brown, discusses his transition from private practice to the business side of sports, sharing insights on overseeing operations for an ownership group with franchises spanning multiple professional leagues. The conversation explores the skills that shaped his career, the unique challenges of working in a multi-team sports organization, and the evolving legal and business landscape of professional sports.

Franchise disputes commonly involve breach of contract, termination issues, intellectual property conflicts, and territorial encroachment between franchisors and franchisees. Understanding the franchise agreement's dispute resolution procedures and state franchise laws like New Jersey's pro-franchisee statute is critical to resolving these conflicts effectively. Both parties benefit from proactive communication and following contractual procedures for mediation, arbitration, or litigation.

With the passing of Delaware House Bill 400 (“HB 400”), a series of fee increases have been implemented, including higher annual franchise taxes and expedited service fee maximums for corporate filings.

The U.S. Small Business Administration has proposed the most consequential restructuring of small business size standards in decades, with thresholds for professional services, IT, engineering, and related markets rising as much as tenfold or more. An estimated 114,541 additional firms—including 37,002 existing federal contractors—would newly qualify as small businesses, fundamentally reshaping eligibility for set-aside contracts worth over $71 billion and potentially altering how agencies struc

On August 11, 2026, the Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a final rule permanently removing the requirement for U.S. companies and U.S. persons to report beneficial ownership information (BOI) under the Corporate Transparency Act (CTA). FinCEN states that U.S. companies are now exempt from BOI reporting requirements and no longer need to file BOI reports.

Partners Laura Cicirelli and Eric Weiner explore the critical elements founders need to understand when entering their first priced preferred stock financing round. From liquidation preferences and governance rights to founder re-vesting and drag-along provisions, this discussion reveals how these initial equity decisions establish the power dynamics that will shape all future funding rounds.