Corporate Transparency Act Reporting Requirement Suspended, Ruled Unconstitutional

/ Owner - December 4, 2024

Based on changes to the Corporate Transparency Act (“CTA”), many business entities were faced with filing a report about their “beneficial owners” with the federal government by January 1, 2025 (“BOI Reports”).  On December 3, 2024, a Texas federal court ruled that the new CTA reporting requirements are unconstitutional and enjoined the deadline to file BOI Reports by January 1, 2025.     Read the article…………………………….

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