Corporate Transparency Act Held to be Unconstitutional
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In a case brought by The National Small Business Association and National Small Business United, the United States District Cour for the Northern District of Alabama held the C.T.A.
In a case brought by The National Small Business Association and National Small Business United, the United States District Cour for the Northern District of Alabama held the C.T.A.
Beginning January 1, 2024, the Corporate Transparency Act (“CTA”) will impose certain reporting requirements on “reporting companies” to file with the Financial Crimes Enforcement Network of the U.S. Department of the Treasury (“FinCEN”) reports containing personal information about the company’s beneficial owners and persons with control.
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