
A Michigan federal judge ruled that the Corporate Transparency Act (CTA) violates the Fourth Amendment rights of certain Michigan business owners, nonprofits, and limited liability companies, who argued against unreasonable searches. Following this ruling, the U.S. Treasury Department announced that it will not enforce the CTA against domestic companies, their beneficial owners, or U.S. citizens. This decision marks a suspension of the CTA requirements for domestic reporting companies, raising questions about the implications for anonymous shell companies and the broader regulatory landscape surrounding corporate transparency.
WATCH: Four Things Businesses Should Know About The Corporate Transparency Act https://t.co/OZXpOsdlwy https://t.co/OZXpOsdlwy
Navigating the Changing Landscape of Corporate Transparency Act Compliance https://t.co/ARQZ25w1nm @allenmatkins https://t.co/AVfK2TK6gz
CTA Enforcement Halted Again: Treasury Department Suspends CTA Requirements for Domestic Reporting Companies https://t.co/yR4TrDqn2H #Money #Businesses #Government @EpsteinBecker https://t.co/qKVpO5qNjM

