National Small Business United v. Yellen: Alabama Court Rules Corporate Transparency Act Unconstitutional
The Corporate Transparency Act (CTA) was passed by Congress in 2021 and went into effect on January 1, 2024. The measure requires that all US-based business entities, with exemptions for certain institutions such as banks, trusts, and sole proprietorships, report beneficial ownership information (BOI) to the Financial Crimes Enforcement Network (FinCEN). CTA was to strengthen […]
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