CTA

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 […]

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