On today’s show we are talking about the danger of reading headlines and making decisions based on those headlines.
A few months ago I reported on the podcast about the Corporate Transparency Act. This is that new regulation that requires millions of companies across the USA to disclose additional beneficial ownership information to the government.
In a new ruling from last week, the Corporate Transparency Act was ruled unconstitutional. But the ruling was very narrow and only applies to the plaintiff who brought the case, and the roughly 60,000 members of the National Small Business Association.
It would be a mistake to think you don't need to comply with the Act, just because a narrow decision deemed the Act to be unconstitutional.
I'm not here to offer any form of legal advice. You need to ask good questions of your own legal counsel.
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Host: Victor Menasce
email: podcast@victorjm.com