Latest News

The Corporate Transparency Act was deemed Unconstitutional by a District Court: How Does this Recent Decision Affect Filing Obligations?

On March 1, 2024, in the case National Small Business United v. Janet Yellen, the U.S. District Court for the 11th Circuit (Alabama) delivered a noteworthy decision stating that the Corporate Transparency Act (CTA) exceeded its congressional authority defined in the Constitution. This ruling is significant as Judge Lilies Burke concluded that the CTA is not authorized by the Constitution and commented that the ruling may fundamentally challenge and alter the CTA.