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To embed, copy and paste the code into your website or blog: In the United States of America, what do a small restaurant owner, a real estate developer who wants to keep properties separate, a mom-and-pop store with fewer than 20 employees and a drug cartel shell company all have in common? Under a new federal law, they all will need to report the individual ownership of their businesses to the government or face stiff penalties. For decades, privacy of ownership was a battle fought at the state level in the context of entity formation and annual reports. Over time, fewer and fewer states required disclosure of owner identities to any meaningful degree. Federal regulation of banks and other financial services firms, however, has gone in just the opposite direction, requiring these regulated entities to make increasingly intrusive inquiries into owner identities. And SEC regulations have long required self-disclosure by entities and individuals who directly or indirectly ow ....
Share this article Share this article NEWPORT BEACH, Calif., March 2, 2021 /PRNewswire/ No World Borders, Inc. announced patent-pending technology and services to reduce the cost of medical care. Michael Arrigo, healthcare data, regulatory and economics expert in medical coding and billing, HIPAA Privacy and Security, Electronic Health Records, health care intellectual property Michael F. Arrigo, C.E.O. of No World Borders, said, Over 75 million Americans have healthcare coverage from an employer self-insured health plan. Employer fully funded plans cover nearly an equal number of Americans. As a result, employers are in the healthcare business. They should have data, tools, and technology to drive cost savings. Arrigo continued, Our research indicates that up to one-third of the $billions in medical costs to employers are caused by injuries that are the result of a third-party cause. Using our patent-pending process, analytics, and expert medical bi ....
To embed, copy and paste the code into your website or blog: On January 1, 2021, the National Defense Authorization Act for Fiscal Year 2021 (the Defense Bill ) was enacted into law. The Defense Bill includes the Corporate Transparency Act (the CTA ), which creates a beneficial ownership registry within the U.S. Department of the Treasury s Financial Crimes Enforcement Network (“FinCEN”). The CTA requires all covered corporations, limited liability companies and other similar entities that are formed within any U.S. State (including the District of Columbia, Puerto Rico and other U.S. Territories), Indian Tribe, or foreign entities that are registered to do business in the United States (collectively, Reporting Companies ) to disclose certain information regarding their beneficial owners to FinCEN. The information to be disclosed includes (i) full legal name, (ii) date of birth, (iii) residential or business street address, and (iv) a unique identifying number from an ....