Tell HN: Corporate Transparency Act Will Be Bad

Genuine Question: Why is registering ownership a bad thing? If one owns a legitimate business what’s wrong in declaring that? Of Course if one is trying to create an a power structure to further an agenda while being anonymous I can see this being a problem.

Really seems like a non-issue. For most companies, this sort of information is already obtainable at a state level.

I suppose there could be some negative edge cases like many other laws, but what are they? For example, I found our that the Safer Communities Act which was intended to prevent schools from using federal money to train employees with weapons has been misapplied to strip school student programs like archery of funding.

If you don’t like the transparency, there is always the option moving to another country that don’t care about corporate corruption

I recommend Cayman Islands.