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Treasury Drops Beneficial Ownership Rule | Birmingham News
U.S. Treasury just axed the mandatory beneficial ownership reporting for domestic companies — a major win for small businesses saving an estimated $128 billion in compliance costs. While foreign entities still must report, this targeted move slashes red tape, with Alabama’s Secretary of State Wes Allen leading the applause as one of 19 state leaders backing the reform. FinCEN will also purge all collected data, ensuring no unnecessary records linger. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:advertise@thednn.ai This is an…
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