I don’t think it’s that cut and dry. They’re asking for a lot of information - if I own 15% of a strip mall as a silent partner, they’re asking me to disclose my interest (which is fair) as well as the names of the tenants who provide 10% or more of the business income. I get the transparency, but that’s a lot of leg work and accounting for a job that pays 12,600 a year (I used Boca Raton as an example) for part-time work.
While I am sure that there are plenty of people who have “something to hide”, there are a lot of folks who think it’s just not worth it.
MJ
Surprised an injection by courts hasn’t been ask for. I believe we’re about to lose lots of elected officials in small towns.