U.S. District Judge Rules Corporate Transparency Act Is Unconstitutional

March 5, 2024

A federal district judge in Alabama on March 1 issued an opinion finding that the Corporate Transparency Act (CTA) is unconstitutional on the grounds that Congress supposedly exceeded certain limits on its powers. Read on to learn what this means for companies that must report information to the U.S. government about the individuals who ultimately own or control the company.

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