December 2024 gave businesses and practitioners whiplash trying to follow the bouncing ball about whether the Corporate Transparency Act was enforceable or unconstitutional. This article summarizes the events of the past...more
1/7/2025
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Business Entities ,
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Vacated
On March, 1, 2024, the U.S. District Court for the Northern District of Alabama held that the federal Corporate Transparency Act (CTA) is unconstitutional. The plaintiffs in the case are the National Small Business...more
The fourth installment in a multi-part series looking at the new Corporate Transparency Act describes recent updates from FinCEN to its CTA guidance as the law is set to take effect January 1, 2024. The updates include an...more
A federal law adopted in 2021 takes effect on January 1, 2024, and imposes reporting obligations on many entities that may not be accustomed to reporting much information. This article provides a brief overview of the law,...more