Despite multiple litigation matters challenging the constitutionality of the Corporate Transparency Act, and legislative and other pushback to the CTA, compliance is still the prudent option.
The Small Business Association of Michigan filed suit in challenging the constitutionality of the Corporate Transparency Act.
While the United States Department of Justice appeals the Alabama federal court decision holding the Corporate Transparency Act unconstitutional, the question of compliance comes into sharp focus for business owners.
The Federal Court in the Northern District of Alabama has ruled that the Corporate Transparency Act is unconstitutional. The decision, however, is limited in scope.
Read the most up-to-date FAQs on Beneficial Ownership Information to ensure your business is in compliance with the CTA.
As the Corporate Transparency Act (CTA) takes effect on January 1, 2024, learn more about Substantial Control and Ownership Interests.