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Court Ruling Halts Corporate Transparency Act: What You Need to Know
A federal judge in Texas has issued a nationwide preliminary injunction blocking the Corporate Transparency Act (CTA) and its Reporting Rule, which would have required businesses to report ownership information to the Financial Crimes Enforcement Network (FinCEN) starting January 1, 2025. This decision pauses the reporting requirements, impacting about 32.6 million small businesses, LLCs, and corporations. > READ MORE
