“New reporting requirements mean the financial structure is no longer a reliable way to hide who owns a property. . . . Confidentiality is the reason many celebrities use LLCs to own their homes, since that allows them to shield their identity and avoid having their true name and home address posted in county registries, which are easily accessible online in many states. But due to new laws designed to crack down on money laundering and tax evasion, buyers may find that even an LLC doesn’t protect their personal information from disclosure these days.
A Wall St. Journal article starts with:
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