Alabama Federal District Court Rules the Corporate Transparency Act Unconstitutional — What Does It Mean for Your Business?
by Steven Land, Esquire and Craig Panholzer, Esquire On March 1, 2024, the United States District Court for the Northern District of Alabama (the “U.S. District Court”) ruled that the Corporate Transparency Act (the “CTA”) is unconstitutional, adding uncertainty to the CTA’s application to, and effect on, millions of businesses. The CTA, which went into […]
Pulling Back the Curtains on Business Entities: The Corporate Transparency Act
By Michael Salad and Craig Panholzer Starting January 1, 2024, business entities will be required to disclose certain information as part of a new Federal law. The Corporate Transparency Act, §§ 6401-6403 of the William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021, Pub.L. No. 116-283 (H.R. 6395), 134 Stat. 338, 116th […]