CTA: NOT THE WAY

Small Business Group Challenges Law Requiring Corporate-Ownership Disclosure

"Legislation meant to stop money-laundering imposes a ‘law enforcement dragnet of sweeping proportions,’ according to a suit filed by the National Small Business Association."

Russia Sanctions Disrupting Putin's Military Efforts, Treasury Official Says

"...the National Small Business Association, on Tuesday filed a lawsuit to block the new regulations, which are set to go into effect at the beginning of 2024."

Bankers concerned US beneficial ownership database will add to compliance burden

"Will the government's planned beneficial owner database create a tangled web of rules and obligations to continually verify data? Banks are worried it might."

Wolters Kluwer CT Corporation Podcast Examines New Compliance Obligations Under the Corporate Transparency Act

"Small businesses in the U.S. and abroad are facing additional compliance challenges in the wake of new details published last month about pending obligations under the Corporate Transparency Act (CTA)...."

Business group sues over new corporate ownership database

"...small business owners are “hugely concerned” about their private information being shared with the government."

Small business lobby sues over money laundering transparency initiative, claiming ‘gross government overreach’

"The National Small Business Association argues that the new reporting rule violates the U.S. Constitution, saying it is unduly burdensome on small firms, violates privacy and free speech protections and infringes on states’ powers to govern businesses."

Local lawyers weigh in: What will the Corporate Transparency Act mean for small businesses?

"The law was designed as a tool to better combat money laundering, but it places new requirements on millions of businesses."

Small business group challenges law requiring corporate-ownership disclosure

NSBA filed suit in the U.S. District Court for the Northern District of Alabama.

Small Business Group Sues Treasury Department Over ‘Money Laundering Transparency Initiative’

"A small business lobbying group has sued the Treasury Department over asking more than 30 million small companies to share their owners’ details and those benefitted as an initiative to avoid the exploitation of anonymous shell firms."

Small business group sues over federal ownership database, cites concerns over sharing ‘sensitive’ info

"A small business lobbying group has challenged the constitutionality of the Treasury Department’s upcoming requirement."

Small Business Interest Group Challenges CTA’s Constitutionality

“The CTA is nothing more than a first salvo in a campaign to transfer responsibility from the very institutions...."

How the Media Deals With Small Business Nationally

Hear from NSBA CEO Todd McCraken on big coverage for small business.

Small Business Interest Group Challenges CTA’s Constitutionality

"...on November 15, 2022, the National Small Business Association (“NSBA”) filed a complaint (“Complaint”) challenging the reporting requirements set forth in the CTA and the accompanying regulations issued by the Financial Crimes Enforcement Network (“FinCEN”)."

Small business group sues over federal ownership database, cites concerns over sharing 'sensitive' info

"...the National Small Business Association (NSBA) asserts that the regulation is unduly burdensome on small companies, violates privacy and free speech protections, and infringes on states’ powers to govern businesses."

Small business interest group challenges constitutionality of CTA

"...under the Corporate Transparency Act (“CTA”), we speculated that “time will tell whether industry groups will initiate lawsuits challenging the final rule.” That time has clearly arrived...."

Islas Vírgenes Británicas no hará pública información de accionistas ni de beneficiarios finales en 2023

"El país es, desde hace tiempo, la jurisdicción líder en incorporación de sociedades offshore y una de las principales jurisdicciones para la incorporación de fondos de inversión, trusts y empresas prestadoras de servicios financieros de distinta clase."

Rethink Accounts Payable – Surviving the Economic Downturn – Tactic 2

"The National Small Business Association is filing a lawsuit challenging the constitutionality of the Corporate Transparency Act of 2019 – also known as “Beneficial Ownership” rules."

Small Business Interest Group Challenges CTA’s Constitutionality

"The Complaint names Treasury Secretary Janet Yellen, the U.S. Treasury Department, and FinCEN Acting Director Himamauli Das as defendants."