Tag: corporate transparency act

Alabama businesses no longer required to share Corporate Transparency Act ownership information for 2024

Alabama small businesses and nonprofits are no longer required to share ownership information about their companies or risk being subject to civil and criminal financial penalties or imprisonment under a new federal law after a federal judge in Texas on Tuesday placed a nationwide preliminary injunction on the new law.

Tuberville introducing ‘Repealing Big Brother Overreach Act’ against federal rule that could jail millions in small businesses

Tuberville has introduced the "Repealing Big Brother Overreach Act" to overturn a new federal rule that could bring criminal penalties to millions of business folks.

Alabama federal judge rules Corporate Transparency Act unconstitutional

A U.S. District Court of the Northern District of Alabama Judge in Huntsville granted summary judgment to the National Small Business Administration (NSBA) in its challenge of the constitutionality of the Corporate Transparency Act (CTA) recently.