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The Library Card Project: The Ease of Forming Anonymous Companies in the U.S.

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Re: The Library Card Project: The Ease of Forming Anonymous Companies in the U.S.

#4
I don't see any particular reason why the identification process for a corporation should be more stringent than a library card. What is astonishing to me is that both are meaningfully more stringent than voting. In Minnesota for example, all one needs is another registered voter to vouch for them.

https://www.sos.state.mn.us/elections-voting/register-to-vot...

Re: The Library Card Project: The Ease of Forming Anonymous Companies in the U.S.

#7
This varies extremely across various states and cities. If you live in new York city for example, to incoroerate an llc, you need to take out a section in a news paper to say you created an llc of name so and so, every day, for like a week, within a year (if I remember right) of your incorporation. Across three news papers too.

If you go "OK fine, I will incorporate elsewhere, like Delaware", then NYC views you as a foreign investor and mandates you still do the news paper thing.

Here is the kicker though, the news paper you are allowed to do this in vary based on county. You live in queens? That's a solid few thousand dollars. Brooklyn? Also a few thousand. Staten island? Less than $300.

If you do not do this then the enforcement mechanism is that when you get sued, then a court can take back the corporate veil perk of your llc (llc is void so it turns into a sole proprietorship I think) and go after your personal assets if you loose a lawsuit.

Re: The Library Card Project: The Ease of Forming Anonymous Companies in the U.S.

#9
post #4

I don't see any particular reason why the identification process for a corporation should be more stringent than a library card. What is astonishing to me is that both are meaningfully more stringent than voting. In Minnesota for example, all one needs is another registered voter to vouch for them. https://www.sos.state.mn.us/elections-voting/register-to-vot...

To the contrary: There were only four known cases of voter fraud in the 2016 elections[0]; more stringent voting requirements suppresses voting, especially by poor, black and/or Latinx voters.[1]

It certainly seems the case that more damage has been done to society via corporations to which no human person can be associated than by voter fraud.

[0] https://www.washingtonpost.com/news/the-fix/wp/2016/12/01/0-...

[1] https://www.washingtonpost.com/news/monkey-cage/wp/2017/02/1...

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