The Very Weird End of Beneficial Ownership Information (BOI) Reporting
The estimated cost of compliance is $8000 per business. And a single tweet ended it. How government stopped it's invasive look into business.
Overdrive56m
Treasury suspends small-business ownership reporting requirement
The U.S. Treasury said it wouldn't impose penalties associated with Beneficial Ownership Information reporting under the ...
JD Supra32m
U.S. Treasury Department Announces Suspension of BOI Reporting Penalties for U.S. Parties
On February 19, 2025, the Financial Crimes Enforcement Network (“FinCEN”) announced that most reporting companies under the ...