Corporate Transparency Act & Your Small Business

In 2019 as part of the NDAA, Congress passed the Corporate Transparency Act. Purportedly, this act was designed to prevent money laundering and terrorism. Instead, it treats every small business owner in the country like a suspected terrorist organization.
If you own or are an important decision maker in a small business, then you are required to provide FinCEN photocopies of a Unique Identifying Number & corresponding document. Your business is required to report on you any time you move or your information changes. If it fails to do so, you personally face criminal & financial penalties up to $10,000 in fines & 2 years in prison.
It gets worse. Once in possession of this information, you have little to no privacy protections & no Due Process for the sharing of your personal information with other federal agencies & with FOREIGN governments.
Finally, the process & terms of compliance are expected to run the average small business owner $8,000 in legal fees in the first year alone!
https://homesteadliberation.org/articles/f/the-corporate-transparency-act-a-sweeping-dragnet