How About ‘Corporate Transparency’ for the Bidens?

null Nov. 27, 2023 11:08 am ETHunter Biden walks with family members in Nantucket, Mass., Nov. 24. Photo: tom brenner/ReutersYour editorial about the Corporate Transparency Act enacted in 2021 (“The Coming Deluge for Small Business,” Nov. 20) makes excellent points about the compliance burden that will soon fall on many U.S. small businesses. It gives rise to an interesting question, however, which isn’t addressed in the editorial. One has to wonder if Hunter Biden and the other members of the extended Biden family will be able to comply once the Corporate Transparency Act’s reporting requirements of the statute go live in January 2024.You would presume that most, if not all, of the 20 shell companies that the Biden family established would fall under the stated criteria. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8Sponsored OffersTurboTax: Save up to $15 with TurboTax coupon 2023The Motley Fool: Epic Bundle - 3x Expert Stock Recommen

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Opinion Nov 28, 2023 Add to Reading List

How About ‘Corporate Transparency’ for the Bidens?

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Nov. 27, 2023 11:08 am ET

Hunter Biden walks with family members in Nantucket, Mass., Nov. 24. Photo: tom brenner/Reuters

Your editorial about the Corporate Transparency Act enacted in 2021 (“The Coming Deluge for Small Business,” Nov. 20) makes excellent points about the compliance burden that will soon fall on many U.S. small businesses. It gives rise to an interesting question, however, which isn’t addressed in the editorial. One has to wonder if Hunter Biden and the other members of the extended Biden family will be able to comply once the Corporate Transparency Act’s reporting requirements of the statute go live in January 2024.

You would presume that most, if not all, of the 20 shell companies that the Biden family established would fall under the stated criteria.