FinCEN marches on, and the American small business is being sucked into the trap. Beneficial Ownership Interest Registration is going to be a nightmare. Any time any tiny piece of information concerning any one owner changes, the company and its owners have 30 days to update the information. There isn’t any way to “unregister” an […]
Lee Phillips with a FinCen Update – Beneficial Ownership Interest Read More »
Unfortunately, FinCEN is becoming even a bigger thorn in our side. You still have until the end of the year to register your entities with FinCEN that existed prior to 2024. New entities: you have 90 days from filing with the state to register. That’s not a suggestion ─ it is a commandment backed up
Lee Phillips Discusses FinCen and Our Estate Planning Trusts Read More »
If you’re running a business, whether it’s a little LLC for your real estate investments or a full-blown corporation, privacy is now officially dead. The Corporate Transparency Act (CTA) is here, and with it, a whole new world of transparency that you’re going to have to navigate. This law, which snuck into effect in 2021,
FinCen . . . what is it and does it affect me? Read More »
