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No, the reason they want this is so people can't hide money laundering and other crimes with shell companies.
by gavinhoward 3y ago
No, the reason they want this is so people can't hide money laundering and other crimes with shell companies.
- brigadier132 3y agoThey can't hide money laundering because of this. Just because the information is not publicly available doesn't mean that law enforcement agencies and the government don't have access to it... How does this information being available to the public help law enforcement do their job?
- gavinhoward 3y agoIt's also a preventative thing. If I find an LLC I want to do business with, now I can look at who owns it to see if that changes anything. Otherwise, I can't. For me personally, I like having them public because one LLC might become a client, and I want to be sure that client is who they say they are and not owned by a company that I won't do business with. For example, maybe Microsoft decides they want to get support from me. I don't want to support Microsoft. So they have one of their existing shell companies act like a potential client. If LLC records are not public, I can't know it's really Microsoft and reject them. If they are public, I can do the legwork to find out and reject them.