Uncertainty Reigns as Corporate Transparency Act Declared Unconstitutional (NY)

/ Owner - March 22, 2024

The Corporate Transparency Act (CTA), the new disclosure law that, as detailed in Habitat Magazine’s March 2024 cover story, threatens to upend corporate governance practices for millions of entities, has itself been upended. At least, that is one possible outcome of the surprising — and surprisingly sweeping — decision from the Northern District of Alabama in March declaring the CTA to be unconstitutional. As of now, this decision does not affect the enforceability of the CTA for anyone but the plaintiffs in that case, but it adds to the uncertainty that observers feel about the scope of the law.    Read the article…………………………….

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