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.
For purposes of the Corporate Transparency Act (CTA) effective January 1, 2024, the Financial Crimes Enforcement Network has recently updated its Beneficial Ownership Information (BOI) Frequently Asked Questions.
Read an updated comprehensive summary of frequently asked questions under the new regulations implementing the CTA that become effective on January 1, 2024.