Corporate Transparency Act

Last week, the U.S. Supreme Court’s decided to lift an injunction temporarily halting enforcement of the Corporate Transparency Act’s reporting requirements.   On Thursday, the Court overturned a lower court order blocking enforcement of the CTA.  However, a sep...

The National Cattlemen’s Beef Association is reminding all producers that the Corporate Transparency Act filing requirements are back in effect.  A recent court of appeals decision reversed an injunction that previously had stopped the mandate.   “The C...

A Texas federal court halted the implementation of the Corporate Transparency Act’s beneficial ownership reporting requirements that included America’s farmers, ranchers, and agribusinesses.  The court held the CTA as likely unconstitutional, so it issued a preliminary injunction barring the government from enforcing the Act and its reporting requirements against anyone.  Before the ruling, ... Re

A large number of farmers and ranchers are up against a January 1st deadline to file their detailed Beneficial Ownership Information under the requirements of the Corporate Transparency Act.  Samantha Ayoub, associate economist at the American Farm Bureau Federation said the Act applies to many types of small businesses.   “The ...

The Corporate Transparency Act went into effect in January, with the intent to identify shell companies that are engaged in money laundering or terrorism-type activities.  However, the legislation will have an impact on farm county, especially on farmers and ranchers.   “...

In 2021, Congress passed the Corporate Transparency Act, requiring businesses to report the identity of their owners.  The goal, prevent crimes by knowing the identity of corporation owners. That means many small businesses like farms and ranches are required to comply with this   Under the Act, companies with 20 or fewer employees are required to report information about their beneficial owners,

The National Cattlemen’s Beef Association reminds cattle producers to consult their tax attorneys regarding the Corporate Transparency Act as key deadlines approach at the end of this year.  The Act was passed by Congress in 2021 and requires companies to report beneficial ownership information to the Financial Crimes Enforcement Network, a division of the U.S. Treasur...