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Trump administration 2024-2028

Concealing beneficial ownership is not a prerequisite to limiting liability. It is however a handy tool when you want to take legally questionable financial actions.

Delaware must be delighted.
Tell me how a named company incorporated in - let's say Ontario - is any different from a numbered company when it comes to concealing beneficial ownership? Registration of company officers is part of the accessible corporate record, but you won't see the shareholding ownership until you have access to the company's own books which aren't available to everyone. The law basically states:

As of January 1, 2023, privately-held corporations in Ontario are required to keep their beneficial ownership information, or “individuals with significant control” information, on file and to provide that information when requested by law enforcement, and regulatory and tax authorities.

That's the same for any private company registered in ON, whether numbered or named.

These laws are generally harmonized across Canadian jurisdictions. We don't control Delaware any more than we control Switzerland.

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Under threat or potential threat, one zigs and zags.
POTUS will go one way, and VP, SecState etc will go others.
They should not be travelling together anyway.

If folks want to be mad at anybody for worrying more about the security of the President, it's the USSS. In motorcades, there is an entire set of procedures, alternates, etc. for 'the package' (limo, security cars, etc.), not the rest of the crowd. There might be other people involved who have their own protected status, but they will not be as high as the President's. People who regularly travel or work with the President, or any other high security Internationally Protected Person, either knows this or should know it. Nobody should be cannon fodder, but anyone who thinks they have the same security value as their principal is mistaken.
 
Tell me how a named company incorporated in - let's say Ontario - is any different from a numbered company when it comes to concealing beneficial ownership? Registration of company officers is part of the accessible corporate record, but you won't see the shareholding ownership until you have access to the company's own books which aren't available to everyone. The law basically states:



That's the same for any private company registered in ON, whether numbered or named.

These laws are generally harmonized across Canadian jurisdictions. We don't control Delaware any more than we control Switzerland.

🍻

The instance being discussed is American backsliding on the requirement to have beneficial ownership information provided to the US Government.
 
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