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It was immediately challenged as soon as citizens could get standing this year A judge ruled it unconstitutional - narrowly only for the organizations and thei
by yieldcrv 3y ago
It was immediately challenged as soon as citizens could get standing this year
A judge ruled it unconstitutional - narrowly only for the organizations and their members that filed the case - and its currently being appealed by the US gov
its going to the 5th circuit though so rich people don't have to do anything, this regulation is DOA
its interesting what cases make headline news and whats relegated to law journals
- cj 3y ago> its interesting what cases make headline news and whats relegated to law journals It certainly made headlines to people its impacts. 2 of my law firms sent out alerts. (They send out alerts maybe 1-2 per year whenever a significant legal change is happening - I think the last alert was the Wayfair sales tax Supreme Court decision)
- yieldcrv 3y agoyeah I filed a flurry of anonymous LLCs via intermediaries via my lawyer at the end of last year since the new law initially only affects business entities created on or after Jan 1 2024, and older ones starting to need reporting just in Jan 2025 I took one look at the law and figured that I won’t have to do it by 2025 because it’ll get declared unconstitutional so far my bingo board is working out