Reposted by Jeanne Bomare
FinCEN’s final beneficial ownership rule shrinks corporate ownership reporting from roughly 32.6 million companies to just 28,000
That means more than 99.9% of companies in the US no longer have to report who actually owns or controls them
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FinCEN Permanently Lifts Certain Beneficial Ownership Reporting Requirements
The change exempts U.S. companies and U.S. persons from BOI requirements under the Corporate Transparency Act.