In a Sunday evening announcement, Treasury said in a news release that it will not impose penalties now or in the future if companies fail to register for the agency’s beneficial ownership information database that was created during the Biden administration.
Despite efforts by small businesses to undue the rule in the courts, it remains in effect.
On Sunday, President Donald Trump on his Truth Social media site praised the suspension of enforcement of the rule and said the database is “outrageous and invasive.”
I am kinda dense, specifically how would one take advantage here? Like specific steps…
Maybe this link: https://www.offshore-protection.com/offshore-blog/how-to-set-up-buy-shell-company-legally
I just searched “set up shell company in offshore jurisdiction”.
Trump runs all his stuff through shells to try and obfuscate who is behind them and funding them. He uses them for things like money laundering, tax fraud, and other illegal business practices.
A quick example is Cohen setting up a shell company for Trump to funnel his Stormy $ through to hide Trump’s identity as he was committing election finance fraud, and ultimately election interference.