Tag Archive for: Corporate Transparency Act

Huntsville Circuit Judge rules in favor of small business, deems Corporate Transparency Act unconstitutional

A battle over the constitutionality of a Biden administration law, one with implications for small businesses here and nation wide, has seemingly come to a close in Huntsville on March 01. Earlier this week, Huntsville Circuit Judge Liles Burke of the U.S. District Court for the Northern District of Alabama ruled the Corporate Transparency Act (CTA) […]

Small businesses brace as Corporate Transparency Act showdown comes to a head in downtown Huntsville courts

In 2021, the Corporate Transparency Act (CTA) was introduced with the aim of bolstering transparency in entity structures and ownership to combat financial crimes.  However, as the January 1, 2024 effective date looms, businesses are scrambling to understand and comply with its provisions. Initially overlooked by accounting professionals, the Corporate Transparency Act, which will require […]

Arguments begin in Huntsville regarding changes to national small business laws

HUNTSVILLE, AL – On Monday, oral arguments in National Small Business Association v. Yellen will began at the Huntsville United States District Court. The case is a challenge to the constitutionality of the Corporate Transparency Act (CTA) and specifically the law’s beneficial ownership reporting requirements. The law would require nearly every American who runs or […]