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

When does a final account statement become conclusive under a construction contract? This case examines whether a document marked 'Draft' can trigger contractual conclusivity provisions, and explores the critical timing requirements for disputing final account figures. The decision provides essential guidance on how courts interpret final statements and the narrow window for challenging them under JCT contracts.

Data center service agreements often appear routine during procurement, but critical provisions governing liability, service-level remedies, indemnification, and termination become essential when service failures occur. Understanding how to negotiate these contractual allocations can determine whether a New Jersey data center operator has meaningful remedies or discovers inadequate protection after an outage.

In Part 1, we looked at why AI-embedded software calls for a different contracting approach than the templates most companies may still be using. We covered how to identify what kind of AI is actually in scope, and walked through the three issues that matter most on the customer side: training data use, output ownership, and accuracy risk.

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.

The Department of Justice has established a new Fraud Division with sweeping authority over criminal fraud, tax fraud, trade fraud, and health care fraud matters. This consolidation of enforcement power into a single division, backed by sophisticated data-driven detection capabilities and a growing team of 500 attorneys, fundamentally reshapes the corporate compliance landscape.

As multi-billion dollar NIL markets, revenue sharing, media rights, and private investment reshape college athletics economics, university leaders face the challenge of balancing competitive ambitions with fiduciary responsibility and institutional mission. This comprehensive framework examines how institutions can evaluate strategic alternatives, assess valuation and governance risks, and structure private capital transactions that preserve autonomy while maximizing economic value.

In Advisory Opinion 26-17, OIG approved a proposed arrangement in which a nonprofit, tax-exempt charitable organization would provide health insurance premium assistance and copayment assistance to patients with rare and chronic diseases, funded in part by pharmaceutical manufacturers.

Cal/OSHA has released a revised discussion draft of proposed changes to California's heat illness prevention standards, expanding outdoor high-heat procedures to more industries and introducing new acclimatization requirements for employees. The August 2026 proposal aims to harmonize indoor and outdoor heat standards while significantly affecting compliance obligations for California employers.

Congressional investigations increasingly pose complex legal and reputational risks for private sector executives, who must navigate the tension between constitutional rights and political pressures. Recent cases demonstrate how asserting Fifth Amendment protections can trigger criminal referrals and public scrutiny, even when legally justified.