The Corporate Transparency Act faced a setback as the Fifth Circuit Court vacated a lower court's ruling that permitted its enforcement, maintaining the legal battle's status quo.
Critics argue that the Corporate Transparency Act's requirements infringe on First Amendment rights regarding free association and Fourth Amendment rights regarding privacy.
Supporters of the Corporate Transparency Act advocate that the disclosure of beneficial owners is essential to combat the ease of forming corporations without transparency.
Collection
[
|
...
]