6 days ago · What is the Corporate Transparency Act? Under the Corporate Transparency Act (CTA), which went into effect on January 1, 2024, many U.S. small business owners are required to file corporate transparency reports with beneficial ownership information.

6 days ago · The registration is part of the Corporate Transparency Act, an anti-money laundering statue passed in 2021. Under the CTA, the owners and part-owners of an estimated 32.6 million small businesses must register personal information with FinCEN, such as a …

1 day ago · The previous January deadline for millions of small businesses (and their lawyers) to submit the companies' beneficial ownership information to FinCEN under the CTA is still suspended indefinitely—despite a new U.S. Supreme Court ruling lifting a federal district court's broad nationwide injunction—because of a second federal district court's nationwide injunction …

1 day ago · Go-To Guide: On Jan. 23, 2025, the U.S. Supreme Court granted the U.S. government’s request for a stay of the nationwide preliminary injunction of the CTA issued in Texas Top Cop Shop, Inc. v ...

6 days ago · A group led by businesses that will have to file reports under the Corporate Transparency Act went to federal court in Sherman, Tex., challenging the law’s constitutionality. U.S. District Judge Amos Mazzant agreed with them that the law is likely unconstitutional, and on Dec. 3 he issued an order that prohibited the government from enforcing ...

Jan 21, 2025 · I am proud to support the Repealing Big Brother Overreach Act.” “The Corporate Transparency Act is an outright attack on the 32 million small businesses in this country,” said Sen. Tuberville. “This includes farmers, restaurants, gyms, and lawn service companies. The CTA specifically targets working Americans with an LLC, and failure to ...

Summary of H.R.425 - 119th Congress (2025-2026): To repeal the Corporate Transparency Act.

Dec 26, 2024 · An anti-money laundering law called the Corporate Transparency Act, or CTA, is now back in action after a Dec. 23 court ruling that will require millions of small business owners to register with...

Dec 7, 2024 · The Corporate Transparency Act (CTA) is part of the Anti-Money Laundering Act of 2020, which is part of the National Defense Authorization Act for Fiscal Year 2021. The act requests businesses to disclose beneficial ownership information to the federal government.

May 14, 2024 · The Corporate Transparency Act (CTA) took effect January 1, 2024. The CTA is designed to combat money laundering and other financial crimes by requiring a broad range of entities to disclose information about their owners and persons who exercise control to the Financial Crimes Enforcement Network (FinCEN), a bureau of the United States Treasury.