Tanner & Guin
Powerful legal solutions. Strategic business success. We don’t just advise—we drive results for small and mid-sized businesses across the Southeast.
As you may be aware, recent court decisions have created uncertainty around the enforcement of the Corporate Transparency Act (CTA). A federal judge previously blocked the law for certain plaintiffs, ruling that it exceeded Congress’s authority. However, appellate courts have since reviewed challenges to this injunction, with some courts allowing the CTA to remain in effect while legal battles continue. Despite these ongoing appeals, the reporting requirements still apply to most businesses unless a court specifically exempts them. The current deadline for filing compliance reports is March 21, 2025.
The Trump administration has signaled that it does not plan to strongly enforce the CTA and is even exploring ways to limit its impact. However, the law is still in effect, and businesses should continue to follow the reporting requirements to avoid potential legal risks. If you are unsure whether your business is affected or need help with compliance, you can access https://boiefiling.fincen.gov/ for more information.
Although our firm does not file compliance reports under the CTA, we can recommend third party providers who are able to assist you should you need to make this filing.
If you have any questions, feel free to contact us.
Tanner & Guin has a long-standing track record of faithfully serving our clients across the Southeast. Since 1984 we have assisted small- to medium-sized business owners navigate the waters of corporate life, building a reputation for successfully representing clients on complex transactional and litigation matters across a wide range of legal areas.
Our partners are energetic, responsive, and experienced. We are dedicated to teamwork and collaboration, calling upon our varied skills and experiences to assist our clients. Because of our innovation and dedication to our clients, our attorneys have the character to not only provide high quality legal services, but to connect with clients and aid them as a trusted advisor.
Trust the Top Google Reviewed Law Firm in Tuscaloosa.