Corporate Transparency Act

Does the Corporate Transparency Act (CTA) ruling in Alabama impact my business?

Background The United States District Court for the Northern District of Alabama recently ruled that the Corporate Transparency Act (CTA) is unconstitutional. The court made the decision after hearing a case brought by the National Small Business Association (NSBA) and Isaac Winkles, an NSBA member and business owner. However, the ruling granted by the court […]

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Proposal Issued to Extend Corporate Transparency Act Filing Deadline for New Entities

The U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) has proposed a change to the upcoming filing requirement under the Corporate Transparency Act (CTA). FinCEN is proposing an amendment to the reporting rule for entities created or registered between January 1, 2024, and December 31, 2024. Entities formed within this period would have 90 days to

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Client Alert: Federal Corporate Transparency Act

What is the Corporate Transparency Act (CTA)? In September of 2022, the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued new requirements under the Corporate Transparency Act (CTA), which was designed to fight money laundering by mandating that all U.S. formed and certain international entities submit complete reports of their beneficial owners’ and company

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