pull down to refresh
190 sats \ 1 reply \ @Arceris OP 27 Dec 2024 \ parent \ on: Breaking: Fifth Circuit VACATES the Stay of the CTA injunction... Politics_And_Law
This is the KYC all the companies law. FinCEN is attempting to force all companies to disclose their ownership to them, a criminal investigation organization, or face serious fines and jail. And you will only have 30 days to update them if anything changes.
Aside from killing privacy (some states don’t require this information to be shared with them), it creates an ongoing paperwork burden that is incredibly oppressive for smaller businesses.
My one person LLC that has zero revenue has to submit this form to the feds. Information is already available on state website
reply