Mon-Fri from 08:00 till 19:00 Kyiv
Generic selectors
Exact matches only
Search in title
Search in content
Search in posts
Search in pages
Generic selectors
Exact matches only
Search in title
Search in content
Search in posts
Search in pages
Generic selectors
Exact matches only
Search in title
Search in content
Search in posts
Search in pages
Only letter and space (from 2 till 30 characters)
Enter correct number, ex. +380777777777

Alabama District Court Rules Requirement to Disclose Beneficiaries Unconstitutional

Alabama District Court Rules Requirement to Disclose Beneficiaries Unconstitutional

Back in November 2022, a lawsuit was filed in the United States by the National Small Business Association. Thus, they made a request to block the requirement to register beneficiaries for small businesses. The law has already come into force since the beginning of this year and is designed to prevent criminal abuse by anonymous shell companies.

The petitioners argue that the beneficiary disclosure rule violates the Constitution, is burdensome on small firms, violates privacy and free speech protections, and infringes on states’ business management powers.

A few days ago, the court ruled that the Corporate Transparency Act was unconstitutional and that Congress had exceeded its authority, making the resulting requirements illegal.

Order service

with our specialists

Only letter and space (from 2 till 30 characters)
Enter correct number, ex. +380777777777
Only name@mail.com format accepted
Only letter, numbers and spaces (from 2 till 30 characters)
Any questions left?

Sign up for free consultation with our specialist

Only letter and space (from 2 till 30 characters)
Enter correct number, ex. +380777777777