The U.S. Treasury Department announced on March 2 that it will cease enforcement of the Corporate Transparency Act (CTA) and its associated Beneficial Ownership Information (BOI) reporting requirements.
This decision follows conservative comedian and entrepreneur Terrence K. Williams tagging Elon Musk on X, urging him to take action against the burdensome Beneficial Ownership Information (BOI) rule.
On Saturday, Williams wrote:
“ELON MUSK!!! I’m begging you!
It’s targeting conservatives and small businesses!
I just received an email saying I must fill out Beneficial Ownership Information Report every year or be fined over 591 dollars a Day + 10k fine and Prison time
They don’t need to collect personal data every year, this is insane.”
Breaking News!!
Maryland’s Appellate Court has ruled against Wicomico County Executive Julie Giordano in a lengthy dispute with the County Council over the hiring of the county’s Assistant Director of Administration.
Now the County Council needs to make her pay back the court costs as well as the Salary she paid the Assistant Director of Finance!