By year-end, Americans will be required to hand over data on their small businesses to the federal government’s law enforcement database.
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The Corporate Transparency Act (CTA) is an aggressive domestic program to federally register millions of unsuspecting small business owners under the guise of an “anti-money laundering initiative.”
By the end of this year, Americans will be required to hand over their small businesses’ private data — such as owners’ names and home addresses — to the federal government’s law enforcement database, operated by the Financial Crimes Enforcement Network (FinCEN), housed under the Department of the Treasury. Such small businesses include limited liability companies, corporations, “and any other entities created by the filing of a document with a secretary of state or any similar office in the United States.”
