20 Employees $ $5MM you don’t register for beneficial ownership

Yes with some other rules. Here is the new law that exempts:

‘‘(xxi) any entity that—

‘‘(I) employs more than 20 employees on a full-time basis in the United States;

‘‘(II) filed in the previous year Federal income tax returns in the United States demonstrating more than $5,000,000 in gross receipts or sales in the aggregate, including the receipts or sales of—

‘‘(aa) other entities owned by the entity; and

‘‘(bb) other entities through which the entity operates; and

‘‘(III) has an operating presence at a physical office within the United States;

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