Tech News
← Home  ·  All topics

Shell Companies

2 GoKawiil briefs on this topic

Pro-AI Super PAC Network Routed Millions Through Nevada Shell Companies

Federal campaign finance records show Leading the Future's pro-AI super PAC network, including Think Big and American Mission, paid roughly $20 million to Lantern Production Consultants and millions more to three other Nevada-based LLCs for polling, advertising and strategy work. These entities list addresses at a PO box, a mail center, a Staples store and a strip mall, with no other discernible business presence. The network has raised over $140 million to back candidates supporting an AI-friendly policy agenda ahead of the midterms.

California enacts SB 1406, ending Montana LLC car-registration tax dodge

California's SB 1406, which took effect September 30, 2026, closes a loophole that let wealthy residents register vehicles to out-of-state shell companies—often Montana LLCs—to avoid paying California sales and use tax. The law expands the 'California-ness' test, previously applied only to corporations and LLCs, to also cover partnerships and limited partnerships used to shield vehicle ownership from taxation.