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From: Sergey Kubushyn <ksi@koi8.net>
Newsgroups: sci.electronics.design
Subject: Are you guys aware of this ticking time bomb?
Date: Sat, 19 Oct 2024 22:54:53 -0000 (UTC)
Organization: A noiseless patient Spider
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https://fincen.gov/boi

That is what our democRATic friends prepared for us...

I learned about it totally by accident. Would've become a criminal if I
didn't like about 90% of all LLCs and small businesses who did NOT submit
their reports as of right now. The deadline is January 1st 2025 and then all
those who didn't submit their reports are subject to $591 fine PER DAY and
even possible jail time.

The language is EXTREMELY vague, everybody can report on everybody, one
doesn't even have to have any stock or ownership, just "have influence" to
be a subject of reporting.

The cherry on the cake is that most people are not even aware they have to
submit such reports...

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