Effective January 1, 2024, a new filing requirement was imposed on many business entities, particularly smaller privately held companies, by a new federal law named the Corporate Transparency Act (“CTA”). However, soon after, on March 1, 2024, a federal judge in the U.S. District Court for the Northern District of Alabama held the CTA to be unconstitutional as a matter of law.[1] That case will undoubtedly be appealed. In National Small Business United v.