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    Supreme Court Allows Corporate Transparency Act for Millions of Businesses, Small Businesses Not Required to Report Ownership Due to Court Order

    Supreme Court Allows Corporate Transparency Act for Millions of Businesses, Small Businesses Not Required to Report Ownership Due to Court Order

    8 postsLawBusinessUnited States

    The U.S. Supreme Court has ruled to allow the implementation of the Corporate Transparency Act (CTA), which mandates that millions of businesses disclose their beneficial owners. However, a federal agency has stated that small businesses are currently not required to file these reports due to an existing court order that blocks the CTA. As a result, despite the Supreme Court's decision, the reporting requirement remains voluntary for the time being, leaving small-business owners in a state of uncertainty regarding compliance with the law.

    Proposed Market

    Will Congress amend the CTA to exempt small businesses by end of 2025?

    Will Congress amend the CTA to exempt small businesses by end of 2025?

    3
    Corporate Transparency ActSupreme Court

    Description

    Official Congressional records or announcement

    Market Options

    Yes50%
    No50%

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