How is this burdensome on businesses? Wouldn’t it be as simple as filing the same forms they filed with the secretary of state to register the businesses in the first place? (at least for the small businesses they’re all feigning concern for)
I guess it’s the big business which is complaining here trying to lobby against transparency. The small business owners don’t have much to hide as you suggest.
"This definition of “size” aligns with the U.S. Small Business Administration’s (SBA) definition of a small business. SBA’s Table of Size Standards provides definitions for North American Industry Classification System (NAICS) codes, that vary widely by industry, revenue and employment.
It defines small business by firm revenue (ranging from $1 million to over $40 million) and by employment (from 100 to over 1,500 employees).
For example, according to the SBA definition, a roofing contractor is defined as a small business if it has annual revenues of $16.5 million or less. But an Asphalt Shingle and Coating Material manufacturer is defined as a small business if it has fewer than 750 employees."