The Nashville-based National Federation of Independent Business has announced support for the U.S. Department of Treasury’s rule protecting approximately 32 million U.S. small businesses from registering their beneficial ownership information with the Financial Crimes Enforcement Network.
According to a release, the final rule also commits FinCEN to quickly destroying the personal beneficial ownership information (BOI) data previously unnecessarily submitted by U.S. small business owners.
×
Javascript is required for you to be able to read premium content. Please enable it in your browser settings.
kAm}uxq D2:5 E96 %C62DFCJ 24E:@? D2G6D D>2== 3FD:?6DD6D 7C@> >@C6 E92? S`ag 3:==:@? @7 C68F=2E@CJ 2?5 4@>A=:2?46 4@DED]k^Am
kAm“$>2== 3FD:?6DD @H?6CD 92G6 6?@F89 A2A6CH@C< 2?5 C68F=2E:@?D E@ 562= H:E9 H:E9@FE E9:D F??646DD2CJ C6A@CE:?8 C6BF:C6>6?E[” }uxq %6??6DD66 s:C64E@C y:> qC@H? D2:5 :? E96 C6=62D6]k^Am
kAmQ(6 E92?< !C6D:56?E %CF>A 2?5 9:D 25>:?:DEC2E:@? 7@C C6>@G:?8 E9:D 3FC56? 2?5 AC@E64E:?8 3FD:?6DD @H?6CD’ A6CD@?2= :?7@C>2E:@?] r@?8C6DD D9@F=5 ?@H C6A62= E96 @?6C@FD q~x >2?52E6 @?46 2?5 7@C 2==]”k^Am
k9bmu@C36D 9@?@CD %$&k^9bm
kAmu@C36D 92D ?2>65 %6??6DD66 $E2E6 &?:G6CD:EJ @?6 @7 E96 ?2E:@?’D %@A `_ AF3=:4 w:DE@C:42==J q=24< r@==686D 2?5 &?:G6CD:E:6D]k^Am
kAm%96 &]$] @776CD d` AF3=:4 wqr&D]k^Am
kAm%96 C64@8?:E:@? 4@>6D 2D A2CE @7 u@C36D’ :?2F8FC2= C2?<:?8 @7 E96 ?2E:@?’D %@A a_ wqr&D[ H9:49 762EFC6D `_ AF3=:4 2?5 `_ AC:G2E6 :?DE:EFE:@?D] p44@C5:?8 E@ u@C36D[ E96 C2?<:?8D 9:89=:89E :?DE:EFE:@?D E92E Q4@>3:?6 24256>:4 BF2=:EJ[ 277@C523:=:EJ[ 2?5 DEC@?8 8C25F2E6 @FE4@>6D[ C64@8?:K:?8 4@==686D 2?5 F?:G6CD:E:6D E92E AC@G:56 DEF56?ED H:E9 2 >62?:?87F= C6EFC? @? E96:C 65F42E:@?2= :?G6DE>6?E]Qk^Am
kAm“q6:?8 C64@8?:K65 3J u@C36D 2D @?6 @7 E96 ?2E:@?’D E@A AF3=:4 wqr&D :D 2 EC6>6?5@FD 9@?@C 2?5 2 C67=64E:@? @7 E96 @FEDE2?5:?8 H@C< E2<:?8 A=246 24C@DD %6??6DD66 $E2E6 &?:G6CD:EJ 6G6CJ 52J[” %$& !C6D:56?E sH2J?6 %F4<6C D2:5 :? E96 C6=62D6]k^Am
kAm“%9:D 5:DE:?4E:@? 277:C>D @FC 4@>>:E>6?E E@ 24256>:4 6I46==6?46[ DEF56?E DF446DD[ 2?5 AC6A2C:?8 8C25F2E6D E@ =625 :? E96:C 42C66CD 2?5 4@>>F?:E:6D] pD H6 4@?E:?F6 C6:>28:?:?8 %6??6DD66 $E2E6 &?:G6CD:EJ 7@C E96 7FEFC6[ E9:D ?2E:@?2= C64@8?:E:@? C6:?7@C46D E96 6I46==6?46 E92E 92D =@?8 567:?65 @FC :?DE:EFE:@?[ 2?5 E92E @FC DEF56?ED 2C6 C646:G:?8 2? 65F42E:@? E92E 6BF:AD E96> E@ 4@>A6E6 2?5 DF44665 2E E96 9:896DE =6G6=D]”k^Am
k9bmq6=>@?E =2F?496D 2?:>2E:@? 2?5 >65:2 2CED 568C66k^9bm
kAmq6=>@?E &?:G6CD:EJ :D ?@H @776C:?8 2 q2496=@C @7 u:?6 pCED 568C66 :? 2?:>2E:@? 2?5 >65:2 2CED]k^Am
kAmp44@C5:?8 E@ 2 C6=62D6[ E96 qup :D 2 ;@:?E 568C66 AC@8C2> @776C65 E9C@F89 E96 (2E<:?D r@==686 @7 pCE 2?5 |:<6 rFC3 r@==686 @7 t?E6CE2:?>6?E U2>Aj |FD:4 qFD:?6DD]k^Am
kAm%96 7@FC\J62C AC@8C2>[ 4FCC6?E=J 6?C@==:?8 DEF56?ED[ 3C:?8D E@86E96C (2E<:?DV :==FDEC2E:@? 2?5 56D:8? AC@8C2>D H:E9 E96 rFC3 r@==686VD 7:=> 2?5 >65:2[ DE@CJE6==:?8 2?5 2F5:@ AC@5F4E:@? AC@8C2>D]k^Am
kAm%96 qup 568C66 @776CD E9C66 6>A92D:D 2C62Di :==FDEC2E:@? 2?5 2CE 5:C64E:@?[ DE@CJE6==:?8 2?5 AC@5F4E:@?[ 2?5 :?E6C24E:G6 2?5 :>>6CD:G6] $EF56?ED H@C< :? 4=2DD6D H:E9 2? 2G6C286 D:K6 @7 `d[ 4@>A=6E6 2 C6BF:C65 :?E6C?D9:A 2?5 7:?:D9 H:E9 2 EH@\D6>6DE6C D6?:@C AC@;64E 4F=>:?2E:?8 :? 2 AF3=:4 D9@H42D6]k^Am
kAm|:<6 |6C65:E9 D6CG6D 2D E96 AC@8C2>VD :?2F8FC2= 5:C64E@C[ 3C:?8:?8 >@C6 E92? a_ J62CD @7 6IA6C:6?46 :? :==FDEC2E:@? 2?5 2?:>2E:@? 65F42E:@?[ :?4=F5:?8 3F:=5:?8 2?:>2E:@? 2?5 5:8:E2= >65:2 4FCC:4F=2 :? 9:896C 65F42E:@?]k^Am
kAm|6C65:E9 9@=5D 2? |up 568C66 :? :==FDEC2E:@? 7C@> E96 $2G2??29 r@==686 @7 pCE 2?5 s6D:8? 2?5 92D H@C<65 7@C 4=:6?ED DF49 2D w2D3C@[ {:76H2J 2?5 E96 r=6G6C u24E@CJ]k^Am
kAm“(:E9 =625:?8 :?5FDECJ DEF5:@D 25G:D:?8 @FC 4FCC:4F=F>[ DEF56?ED H:== 36 H@C<:?8 @? C62= 4@>>6C4:2= AC@;64ED E9C@F89@FE E96 AC@8C2>[Q |6C65:E9 D2:5 :? E96 C6=62D6]k^Am
kAmQuC@> ?2CC2E:G6 DE@CJE6==:?8 2?5 5:8:E2= >65:2 E@ 2C49:E64EFC6[ 72D9:@? 2?5 962=E942C6[ H6 2C6 3F:=5:?8 2 ?6H EJA6 @7 2?:>2E:@? AC@8C2> E92E F?56CDE2?5D E92E H96C6G6C 2 D4C66? :D :?G@=G65[ 2?:>2E@CD 2C6 ?66565] ~FC DEF56?ED H:== 36 6BF:AA65 E@ D6CG6 :? 6G6CJ ;@3 D64E@C E92E FD6D G:DF2= >65:2]”k^Am
kAm%96 AC@8C2> H:== 36 9@FD65 :? E96 7@CE94@>:?8 k2 9C67lQ9EEADi^^HHH]?2D9G:==6A@DE]4@>^3FD:?6DD^56G6=@A>6?E^36=>@?E\DE2CED\H@C<\@?\E96\4@C5^2CE:4=60a2hfaeh_\a6f6\ca5h\h_56\6b4gcee`a`53]9E>=Q E2C86ElQ03=2?<Qmr~#s 2E E96 w:DE@C:4 !@H6C9@FD6k^2m[ >256 A@DD:3=6 E9C@F89 2 S`_ >:==:@? =625 8:7E 7C@> r@C5:2 w2CC:?8E@?]k^Am
kAmxE H:== 2=D@ 36 D92A65 3J E96 6?5@H65 p(r r92:C 7@C u2:E9[ w@A6 2?5 rF=EFC6 :? r:?6>2E:4 pCED[ 6DE23=:D965 3J 2 Sb]d >:==:@? 8:7E 7C@> E96 p(r u2>:=J u@F?52E:@? 2?5 96=5 3J r9:67 rC62E:G6 ~77:46C #:4< #6<652=]k^Am
k9bm'&VD wF2?8 r@==686 =2?5D 8:7Ek^9bm
kAm%96 '2?56C3:=E &?:G6CD:EJ y6?\wDF? 2?5 {@C: wF2?8 r@==686 @7 pCE[ pC49:E64EFC6 2?5 s6D:8? 92D C646:G65 2 8:7E 7C@> $2? uC2?4:D4@\32D65 A9:=2?E9C@A:DED z2E:6 !2:86 2?5 |2EE !2:86]k^Am
kAmp C6=62D6 5@6D ?@E ?@E6 E96 5@==2C 2>@F?E @7 E96 5@?2E:@?]k^Am
kAm%96 8:7E H:== 96=A 6DE23=:D9 E96 z2E:6 2?5 |2EE !2:86 s62?’D r92:C 2E '2?56C3:=E’D y6?\wDF? Qy6?D6?Q wF2?8 :D 2 2 4@\7@F?56C @7 }G:5:2]k^Am
kAm'2?56C3:=E C646?E=J 2??@F?465 A=2?D 7@C E96 wF2?8 r@==686 @7 pCE[ pC49:E64EFC6 2?5 s6D:8? 2D 2 4@C?6CDE@?6 @7 :ED 7FEFC6 $2? uC2?4:D4@ 42>AFD]k^Am
kAmqF:=5:?8 @? E96 >@>6?EF> @7 E96 k2 9C67lQ9EEADi^^HHH]?2D9G:==6A@DE]4@>^3FD:?6DD^65F42E:@?^?G:5:2\4@\7@F?56C\5@?2E6D\fd>\E@\G2?56C3:=E^2CE:4=607ddgced7\h_ec\c4e2\2hca\5ge`_5bbg_5a]9E>=Q E2C86ElQ03=2?<QmwF2?8 72>:=J’D Sfd >:==:@? >2E49:?8 8:7E :?G:E2E:@?k^2m[ E96 !2:86DV 5@?2E:@? DFAA=6>6?ED E96 >@C6 E92? S`__ >:==:@? E92E 92D 2=C625J 366? 4@>>:EE65 3J 5@?@CD E@ DFAA@CE '2?56C3:=E’D ?6H6DE 4@==686]k^Am
kAm%96 8:7E 2=D@ C67=64ED E96 !2:86D’ DFAA@CE 7@C E96 (2EE:D x?DE:EFE6 7@C r@?E6>A@C2CJ pCED 2E E96 r2=:7@C?:2 r@==686 @7 E96 pCED[ H9:49 H:== D6CG6 2D 2 A2CE @7 2 ?6H r2=:7@C?:2 r@==686 @7 E96 pCED x?DE:EFE6 2E '2?56C3:=E &?:G6CD:EJ’D $2? uC2?4:D4@ 42>AFD]k^Am
kAmz2E:6 !2:86 8C25F2E65 7C@> '2?56C3:=E H:E9 2 q$ 568C66 :? `hhf]k^Am
kAm“z2E:6 2?5 |2EE 92G6 6>3C2465 '2?56C3:=E’D G:D:@? 7@C $2? uC2?4:D4@ 7C@> E96 368:??:?8[Q '2?56C3:=E r92?46==@C s2?:6= s:6C>6:6C D2:5 :? E96 C6=62D6]k^Am
kAmQ%96:C 8:7E C67=64ED 2 D92C65 36=:67 :? H92E E9:D 4@==686 42? 249:6G6 2?5 :D 2 =2DE:?8 :?G6DE>6?E :? E96 =6256CD9:A E92E H:== 96=A 7F=7:== :ED 6IEC2@C5:?2CJ AC@>:D6]”k^Am
kAmk2 9C67lQ9EEADi^^HHH]?2D9G:==6A@DE]4@>^3FD:?6DD^65F42E:@?^G2?56C3:=E\2??@F?46D\56E2:=D\@7\D2?\7C2?4:D4@\A=2?^2CE:4=60b5376g27\465`\c2_2\g2ac\_4ggh43ffc3b]9E>=Q E2C86ElQ03=2?<Qmk6>mpD E96k^6>m !@DE k6>mC6A@CE65 :? y2?F2CJk^6>mk^2m[ '&’D 7FEFC6 (6DE r@2DE 42>AFD :D 6IA64E65 E@ D6CG6 23@FE `[___ F?56C8C25F2E6 2?5 8C25F2E6 DEF56?ED 2?5 DFAA@CE 724F=EJ[ DE277 2?5 24256>:4 24E:G:EJ]k^Am
