proud on Nostr: “There are twenty-three categories of companies that are exempt from reporting. ...

“There are twenty-three categories of companies that are exempt from reporting. They are nonprofits, banks, insurance companies, investment funds, public companies, broker-dealers, public accounting firms, money-transmitting businesses, and existing shell companies with no foreign owners, assets, or active businesses.

The main scope is Main Street businesses like small owner-operated businesses like restaurateurs, construction trades, professional service organizations, retailers, and other privately owned businesses.”

Insane Reach by the Federal Government