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by rubyn00bie 335 days ago
Not when they’re funneled through states like Wyoming and Nevada which an enormous amount of them are… both have very good privacy laws protecting the owners identity. Often times there will be a local LLC which is owned by (at least one) separate out of state LLC in Nevada or Wyoming obfuscating who the true owners are. There’s a whole industry behind this.
1 comments
paulryanrogers 335 days ago
Sounds like a federal law is needed to pierce these exploitive veils.
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conradev 333 days ago
That is in progress: https://en.wikipedia.org/wiki/Corporate_transparency#United_...
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giantg2 335 days ago
It's actually not, because it's a non-issue. The privacy of a Wyoming LLC doesn't mean protection. Your name isn't on any of the public records documents, but a court order can still force the disclosure of the interested parties.
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throwup238 334 days ago
It’s only a non-issue only if you have legal standing and the wherewithal/funding to push through to discovery, which in this case is a really (in)convenient catch-22 if you’re a constituent who wants to institute reform.

The fourth estate, the one that we ostensibly trust to hold power to account, again very conveniently, does not generally have that standing, FOIA excepted.

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giantg2 334 days ago
If one doesn't have standing, then what business do they have with it?
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throwup238 334 days ago
Public policy? Democracy? Accountability and transparency?

You know, all that good stuff.

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ythiscoyness 335 days ago
Having to go through getting a court order sounds like an issue for this non issue.

Why should that be a thing? More cheesy obfuscation games to protect some random a-hole?

These rich who don’t want to be on the hook for other’s healthcare sure make a lot of demands of everyone else.

Covid just taught us we can stand to shed a few million and be fine. Purge the rich.

If no one else is on the hook for my life story fuck theirs.

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giantg2 334 days ago
Not everyone has to be rich to want/need privacy. Maybe you had threats against your life and dont want your house and vehicle to be traceable to your name. Maybe you disagree with the automated license plate reader/tracker and this is one of the only legal ways around that.
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danaris 335 days ago
...Which, sadly, means that it's almost certainly not going to happen for the foreseeable future.
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