Forwarded from OTBA Official Channel
🔥🚨 Massive New Federal Reporting Requirements Will Start In 2024 🚨🔥
Are you a small business owner? Do you have an LLC? You will want to read this.
https://www.forbes.com/sites/joshuastein/2022/12/12/massive-new-federal-reporting-requirements-will-start-in-2024
Do you own 25% or more of a limited liability company, partnership, or other small entity that owns real estate or runs a small business (any of these, a “company”)? Are you the president, CEO, general counsel, or COO of a company? Even if you don’t have that title, do you perform a similar role? Do you have “substantial control” over any company?
If you answer yes to any of those questions, then starting in 2024 you will need to register, or be registered, in a new federal database designed to identify and ferret out criminals, money launderers, and other bad actors who use companies to conceal their identities and evil deeds. That registration requirement will apply for every company for which you answered “yes” to any question in the previous paragraph, and maybe more.
Thanks for the heads up
🇺🇸 @FreedomLovingPatriot4life
#SmallBusiness #Business #LLC #Federal #Database #Tracking #Control #Power
___________
🇺🇸 t.me/OTBAofficial
Are you a small business owner? Do you have an LLC? You will want to read this.
https://www.forbes.com/sites/joshuastein/2022/12/12/massive-new-federal-reporting-requirements-will-start-in-2024
Do you own 25% or more of a limited liability company, partnership, or other small entity that owns real estate or runs a small business (any of these, a “company”)? Are you the president, CEO, general counsel, or COO of a company? Even if you don’t have that title, do you perform a similar role? Do you have “substantial control” over any company?
If you answer yes to any of those questions, then starting in 2024 you will need to register, or be registered, in a new federal database designed to identify and ferret out criminals, money launderers, and other bad actors who use companies to conceal their identities and evil deeds. That registration requirement will apply for every company for which you answered “yes” to any question in the previous paragraph, and maybe more.
Thanks for the heads up
🇺🇸 @FreedomLovingPatriot4life
#SmallBusiness #Business #LLC #Federal #Database #Tracking #Control #Power
___________
🇺🇸 t.me/OTBAofficial
Forbes
Massive New Federal Reporting Requirements Will Start In 2024
These new FinCEN regulations will likely prove cumbersome for small business owners.