An Alabama federal judge deemed the Corporate Transparency Act unconstitutional on March 1, determining that the U.S. Treasury Department cannot require small business owners to report details regarding their owners and those who benefit from the business.
However, legal experts warn that this likely isn’t the end of the act. In this episode of Legal Insights, RC Publisher Jill Bloom speaks with Trent Cotney, partner at Adams and Reese, about the judge’s ruling and how it will affect roofing companies going forward.