CTA Archives - Montgomery Purdue

22Mar 2024

Author Mitch Wallum

Federal Court Declares the Corporate Transparency Act Unconstitutional: What This Means for Your Business

On March 1, 2024, in National Small Business United v. Yellen, the U.S. District Court for the Northern District of Alabama held Congress exceeded its constitutional authority by enacting the Corporate Transparency Act (“CTA”). This article discusses the decision and…

21Dec 2023

Author Kristi O'Brien

Author Mitch Wallum

The Corporate Transparency Act: What You Need to Know

Beginning on January 1, 2024, business entities will be required to comply with the Corporate Transparency Act (“CTA”). The CTA, which will be enforced by the Financial Crimes Enforcement Network (“FinCEN”), is designed to limit money laundering and other fraudulent…