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Small Business Leaders Urge Congress to Repeal Invasive Ownership Reporting
['Sarah Lewis']
Small Business Trends
The Beneficial Ownership Information (BOI) reporting requirement, which targets small businesses, is under scrutiny, with leaders in the field calling for its repeal.
During a recent appearance on “Issues Today” with Bob Gourley, Beth Milito, Vice President and Executive Director of the NFIB’s Small Business Legal Center, highlighted the risks that small business owners face if Congress does not act to eliminate this reporting obligation.
For many small business owners, the fear of invasive governmental oversight can overshadow daily operations.
As small business owners grapple with a plethora of challenges, from supply chain disruptions to labor shortages, this new requirement adds yet another layer of complexity.
The stakes are high for small business owners involved in this discussion.