Authorities impose overnight curfew in cyclone-ravaged Mayotte as France rushes in aidA 15-year-old girl fatally shoots a teacher and a teenager at a Christian school in WisconsinVikings win 7th straight to forge tie for NFC North lead with 30-12 blowout of reeling BearsHow the Roxies are made: Behind the iconic role in Broadway's megahit 'Chicago'Retail sales rose at healthy pace last month in latest sign of US economy's healthAncient genes pinpoint when humans and Neanderthals...
The registration is part of the Corporate Transparency Act, an anti-money laundering statue passed in 2021. Under the CTA, the owners and part-owners of an estimated 32.6 million small businesses must register personal information with FinCEN, such as a photo ID and home address. For now, the rule is on hold. On Dec. 3 a federal court in Texas issued a preliminary injunction prohibiting enforcement of the rule. FinCen has said registering is voluntary. But the injunction could be overturned on appeal, so small business owners should keep an eye on the case.
Doris Dike, a principal at Dike Law Group in Frisco, Texas, that works with small business healthcare clients, said she is concerned about the rule going into effect in 2025.
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