FinCEN – which requires the registration of all corporations, LLCs, limited partnerships, and other entities, along with information on all of their Beneficial Owners – is due by the end of the year. FinCEN has issued some delays for companies in areas that have been affected by hurricanes. See below for details. It is all a pain, […]
Lee Phillips Reminds us of the FinCEN Deadline Read More »
If you own an LLC or small business, one thing you may not have considered is how to avoid probate when the owner passes away. This can be a significant issue, as many small businesses fail when they get caught up in the probate process. In today’s video from Lee’ PHillips, we’ll cover two key
Lee Phillips on Two Ways to Avoid Probate of an LLC or Small Business Read More »
As real estate investors and small business owners, it is very important to have your affairs in order at all times. You never know when things might happen. Most will take the time to create their estate plan including their Living Revocable Trust, but then have life happen, and things change. So today, Lee Phillips
When and How to Update Your Living Revocable Trust Read More »
When planning for the future, many people think that having a Will is enough to settle their affairs. While a Will is an important part of the process, it’s only one piece of a larger strategy known as an Estate Plan. In today’s blog post, we dive into the key differences between a Will and
Lee Phillips on a Will Vs an Estate Plan Read More »
Don’t leave your heirs with a mess of assets and debts that they don’t understand or know how to deal with if you die or become disabled. Learn about the entities and procedures you need to have in place to do right by your loved ones, with America’s top estate planning attorney for real estate
As a business owner or someone managing multiple entities, it’s crucial to stay informed about the latest regulatory requirements. One such requirement that’s on the radar is FinCEN’s (Financial Crimes Enforcement Network) mandate for company registrations. If you’re like me and have a dormant or inactive company, you might be wondering whether you need to
Lee Phillips on FinCen and Dormant Companies Read More »
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 »
