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Important Notice Regarding the Corporate Transparency Act Filing Requirements

The IP Law Blog

The Corporate Transparency Act (“ CTA ”), a new federal filing requirement for many business entities, became effective on January 1, 2024. The database of information provided by the CTA Reports will not be available to the general public but will be accessible by Federal and most states’ criminal and financial law enforcement agencies.

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Important Notice Regarding the Corporate Transparency Act Filing Requirements (Updated 3/4/2024)

The IP Law Blog

UPDATED 3/04/2024 On March 1, 2024, a lower Alabama federal court held that the Corporate Transparency Act, which requires certain businesses to file a BOI Report with FinCEN that includes information about their beneficial owners, is unconstitutional. General partnerships and proprietorships are not subject to CTA reporting requirements.