Legal Challenges to the new BOI Reporting rules
The Corporate Transparency Act (CTA) and the new BOI Reporting has come under legal challenges from various groups including the National Small Business Association (NSBA). On March 1, 2024, the U.S. District Court for the Northern District of Alabama (Eleventh Circuit) held the CTA unconstitutional in a case brough by the NSBA. This BOI Reporting…