The Supreme Court puts the Corporate Transparency Act is back in force (pending the outcome of the appeal in the Fifth Circuit): https://www.supremecourt.gov/opinions/24pdf/24a653_c07d.pdf
(cc @kyle)
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If you're, say, an indie app developer that has formed an LLC (even a single-member LLC), I'd get on this: https://www.fincen.gov/boi
I don't think the feds are going to immediately jump down the throat of anyone who hasn't filed their report already, but I'd still do so sooner rather than later. I also think the federal government is likely to prevail on the merits, at least so far as companies engaged interstate commerce are concerned—and that means you, indie app devs—so might as well get it done.
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@shadowfacts I love this actually. Seems like it might cut down on the shell game a bit. What I can't figure out is why the oligarchs let it pass in the first place.
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@cuchaz one would hope, but the "Transparency" part of "Corporate Transparency Act" is a bit of a misnomer. you only have to provide the information to FinCEN, who do not make it public. it makes it slightly harder to commit crimes using shell companies, but using shell corps to obscure anything else is a-ok
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@shadowfacts Couldn't people just FOIA that stuff?
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@cuchaz no, the information is exempted from FOIA: https://www.fincen.gov/boi-faqs#A_6
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@shadowfacts Oh damn. Now I get it. Daaaamn.
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