4 ms·
Why is it in the public interest to know who owns a company? Sure for specific groups of people, transparency is in order (elected politicians etc.) but wouldn’
by balderdash 3y ago
Why is it in the public interest to know who owns a company? Sure for specific groups of people, transparency is in order (elected politicians etc.) but wouldn’t financial disclosure laws work better? Why isn’t it the general public’s prerogative to know that I own 5% of a shell company (LLC) set up specially for the purpose of pooling an investment in a new venture?
shell companies are just companies, suppose the vast majority of which are formed for perfectly normal reasons,
- taway789aaa6 3y ago"Corporations are people too, my friend." If they can have "free speech" and are "legal persons" then the public _surely_ has an interest in knowing who is benefiting (the ultimate beneficial owner) from that corporation's actions.