What’s so important about January 1, 2025?
The answer is not New Years.
(open.substack.com)
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Read the 23 exemptions.
https://www.wolterskluwer.com/en/expert-insights/the-23-exemptions-from-the-corporate-transparency-act
2.Governmental authority
3.Bank
4.Credit Union
5.Depository Institution Holding Company
6.Money Services
7.Broker or dealer in securities
8.Securities exchange or clearing agency
9.Other exchange act registered entity
10.Investment company or investment adviser
11.Venture capital fund adviser
12.Insurance company
13.State-license insurance producer
14.Commodity Exchange Act registered entity
15.Accounting firm
16.Public utility
17.Financial market utility
18.Pooled investment vehicle
19.Tax exempt entity
20.Entity advising a tax exempt entity
21.Large operating company (those with 20 employees or more)
22.Subsidiary of certain exempt entities
23.Inactive entity
Conclusion: Rules for thee but not for me. The people that need to be looked at like banks, large corporations, 'charities' and NGOs escape scrutiny but I will bet the farm they come and try to fuck me and my small business.
I was baffled by all those exemptions, is this a BH op? Are the Good guys getting scammed again?