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Isaac Winkles

Isaac Winkles

Small Business Owner, Lead Plaintiff

Appears in 1 story

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Corporate transparency act: from 33 million companies to legal limbo

Rule Changes

Won permanent injunction in Alabama federal court

Congress passed the Corporate Transparency Act in 2021 to crack down on shell companies used for money laundering and terrorist financing, requiring 33 million U.S. businesses to report their true owners to FinCEN. Courts in Alabama and Texas declared it likely unconstitutional.

Updated May 19