What happened?
On December 3, 2024, a federal district court in Texas found the Corporate Transparency Act (the “CTA”) to be unconstitutional and issued a nation-wide order to ban it. The case before the court was Texas Top Cop Shop, Inc., et al. v. Garland, et. al, Case No. 4:24-cv-478 (E.D. Tex.). This means that companies do not need to comply with the CTA’s reporting deadlines.
What is the Corporate Transparency Act?
The CTA would have required the vast
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