What is the Corporate Transparency Act? (And Why Real Estate Investors Must Comply)

Even though it seems like no one is talking about it, this law is a big deal, especially if you own rental properties or real estate companies. Here’s the key takeaway: By January 1, 2025, nearly every LLC and corporation has to report its “beneficial owners” to the government. That includes your name, birthdate, address, and passport or license number. Jared breaks down exactly who has to comply, what information you need to provide, and when you need to report it. Get compliant with this law ASAP. And let us know what you think in the comments! Should the government force this level of business transparency? Curious to hear your thoughts!

In this episode, you will be able to:
– Uncover Corporate Transparency Act implications to stay ahead in real estate.
– Explore the impact of the real estate community on Corporate Transparency Act.
– Understand the reporting requirements for beneficial owners in real estate dealings.
– Discover the potential consequences and penalties for non-compliance with the Corporate Transparency Act.
– Find the balance between transparency and intrusiveness in corporate ownership within the real estate industry.

The key moments in this episode are:
00:00:00 – Importance of Corporate Transparency Act
00:03:27 – Requirements and Exemptions
00:06:34 – Reporting and Compliance
00:09:25 – Mixed Feelings and Conclusion

The resources mentioned in this episode are:
– Subscribe to Pine Financial Group’s YouTube channel and like their Facebook page for more information and updates on the Corporate Transparency Act.
– Drop a comment on the YouTube channel or Facebook page to share your thoughts and questions about the Corporate Transparency Act.
– Stay informed and prepare to comply with the Corporate Transparency Act if you are a beneficial owner of a company, especially if you are involved in real estate or hold assets through a company.
– Reach out to Pine Financial Group with any questions or concerns about the Corporate Transparency Act.
– Keep an eye out for reminders and updates from Pine Financial Group regarding the Corporate Transparency Act throughout the year.

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Interested in real estate investing? We provide content that is both beneficial and educational to any and all real estate investors, whether you are an experienced investor or just starting out! We are the premier hard money lender for investors in Colorado, Minnesota, and Wisconsin. We make money doing deals and are happy to educate and support our clients along the way. Lets face it. We succeed when you succeed!

Follow the link to our website to find out more information about us, our products, free classes and events, and some great articles published monthly – www.pinefinancialgroup.com