The official answer: The Corporate Transparency Act is intended to provide law enforcement with beneficial ownership information for the purpose of detecting, preventing and punishing terrorism, money laundering and other misconduct through business entities.Uncle Sugar requires us little guys to register and be tracked even though 99.999% of us are not involved in terrorism, money laundering, or other misconduct.

What is the Corporate Transparency Act?

The Corporate Transparency Act (CTA), which requires businesses to report Beneficial Ownership Information (BOI) to combat financial crimes, is now facing uncertainty due to a recent federal court ruling:What Happened?

This decision effectively reinstates the Corporate Transparency Act (CTA) and its Beneficial Ownership Information (BOI) reporting requirements nationwide, pending the Department of the Treasury’s appeal resolution.Click herefor the full article which includes the new reporting deadlines.

They do minimal at best verification of the data the applicant provides.

.• DSTs: Seems as though returns are rather low, low transparency on opportunities (?)

Sometimes making a smaller profit and providing value is far better than holding out for a bigger payday on a bad deal, I like that.

On the other hand, a detailed quote with a higher total may offer more transparency and reduce the risk of surprises as the project progresses.I specialize in consulting services for situations like this, where I help clients evaluate contractor quotes, ensure transparency, and navigate the renovation process with confidence.

The goal is to provide value by simplifying the process, ensuring transparency, and enforcing agreements through smart contracts and legal safeguards.As for making it “worse,” the platform’s role would be to:1.

Specify:Exact tasks the subcontractor is responsible for.Exclusions.Who is providing materials.Material specifications (e.g., brands, grades).Referenced drawings or blueprints.Agreed working hours (e.g., 8 AM–5 PM, Mon–Fri due to HOA rules).The clearer your scope, the fewer misunderstandings you’ll face.Signatures:Always have the subcontractor sign first, then you sign.