4 ms·
This feels like post hoc rationalization. Read page 4 for an actual side by side comparison. You’ll see that all you really need to get a library card is pres
by GuiA 7y ago
This feels like post hoc rationalization.
Read page 4 for an actual side by side comparison.
You’ll see that all you really need to get a library card is present a form of identification, and perhaps a utility bill to prove your current address. Whereas for registering a corporation:
” No state requires any information about the person(s) who directly or indirectly own or control the company (often referred to as a beneficial owner)”
... along with many other similarly surprising statements that establish not even a low bar, but the absence of a bar at all.
How does that make any sense when, as the report highlights, those shell corporations - that is corporations whose placeholder status is used in itself to realize some gain, and thus never have to meet “more stringent requirements” - can then be used for “tax evasion, shady campaign contributions, cigarette smuggling, and weapons dealing”?
- objectivetruth 7y agoAs the parent said, just setting up a Delaware corporation isn't going to be much protection for most criminal enterprises. If they want to, the ATF will get you for tobacco or gun smuggling whether you have Articles of Corporation or not. And in the US, to continue that example, there are multiple agencies and thousands of pages of regulations overseeing tax accounting and campaign finance. Sure, tons of shady shit still happens... but not because the criminals happened to file as an LLC instead of as sole proprietors.