“Corporate Transparency Act Unconstitutional, Judge Rules” Authored by Attorneys Minton and Alderman

Published: March 4, 2024

(Orlando, FL) In their article “Corporate Transparency Act Unconstitutional, Judge Rules,” published by Dean Mead attorneys Michael D. Minton and Austin Alderman, the authors detail the decision made by U.S. District Court Judge Liles C. Burke of the United States District Court for the Northern District of Alabama on March 1, 2024 which declared the Corporate Transparency Act (“CTA”) unconstitutional. Effective January 1, 2024, the CTA created new reporting requirements for the vast majority of small businesses and family entities in the U.S. Failure to comply with the Act’s rules can result in material fines and, in certain cases, up to a two-year prison term.

The authors write, “In arguing the constitutionality of the CTA, the main point of argument centered around the authority of Congress to enact the CTA at all, and whether there was a source of constitutional authority. It is important to note the current ruling does not relieve anyone outside of the Plaintiffs from their obligation under the CTA.”

It is anticipated the matter will be appealed to the U.S. Court of Appeals for the Eleventh Circuit. To review the article in its entirety visit: https://bit.ly/3V4oj30. Dean Mead will continue to monitor details as the case develops.