Act

Landmark Court Ruling Declares Corporate Transparency Act Unconstitutional: What This Means for Small Businesses and Future Litigation

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Birmingham, Alabama – In a significant ruling, the US District Court for the Northern District of Alabama declared the Corporate Transparency Act (CTA) unconstitutional on March 1, 2024. The court granted summary judgment to Issac Winkles and the National Small Business Association (NSBA), as they argued that the CTA exceeded the federal government’s authority. As a result, the court issued an injunction favoring the named plaintiffs, providing them relief from complying with the CTA. The Financial Crimes Enforcement Network (FinCEN) of the US Department of Treasury further confirmed that it would not pursue any enforcement … Read more

Seattle Entrepreneur’s Career Journey: From SAT Act of Kindness to Socially Conscious Start-ups

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SEATTLE – Jane Park, the founder and CEO of Seattle-based start-up Tokki, can attribute her successful career and life to a random act of kindness that allowed her to take her SAT test in high school. Park arrived at the testing center without money to pay for the exam, unaware that there was a fee. However, a kind stranger behind her in line paid for the test and provided their address for Park to send a reimbursement check. Reflecting on that moment, Park wishes she had kept the address to express her gratitude and share … Read more

Michigan House of Representatives Passes Legislation to Repeal Surrogacy Act, Paving the Way for Reproductive Freedom

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LANSING, Mich. — The state of Michigan may soon see changes to its surrogacy laws as lawmakers in the House of Representatives pass a package of legislation aimed at updating the existing Surrogate Parenting Act. The Act, which was enacted on September 1, 1988, prohibits compensated surrogacy parenting in the state. However, after 36 years, lawmakers are now looking to repeal and replace this law with the Assisted Reproduction and Surrogacy Parentage Act. If signed into law, House Bill 5207, which is the primary legislation in the package, would establish the new Act and repeal … Read more

Alabama Judge Deems Federal Corporate Transparency Act Unconstitutional: Implications for Businesses and Farms Nationwide

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Montgomery, Alabama – A judge in Alabama has blocked the implementation of the federal Corporate Transparency Act. The act, which requires businesses, including farms, to report ownership and management details to the federal government, was deemed unconstitutional by the judge. However, it’s important to note that this ruling only applies to the plaintiff in the case, the National Small Business Association, and its impact on other businesses across the country remains uncertain. Legal expert Amy Ebeling from the Ruder Ware law firm in Wisconsin suggests that businesses with upcoming filing deadlines should still consider complying … Read more