4 things to know about Treasury's repeal of reporting requirement for US businesses
- The Treasury Department this week officially repealed a requirement for American companies and individuals to report beneficial ownership information (BOI), a move with sweeping implications for domestic firms.
- companies no longer have to report information about individuals who either have an ownership stake of at least 25 percent or exercise “substantial control”..
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- The Treasury Department this week officially repealed a requirement for American companies and individuals to report beneficial ownership information (BOI), a move with sweeping implications for domestic firms.
- companies no longer have to report information about individuals who either have an ownership stake of at least 25 percent or exercise “substantial control”..
Sources: The Hill