Corporate Transparency
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Corporate Transparency (by mapleaf18 [NY]) Jul 6, 2024 10:27 AM
       Corporate Transparency (by ken [NY]) Jul 6, 2024 11:04 AM
       Corporate Transparency (by WMH [NC]) Jul 6, 2024 12:45 PM
       Corporate Transparency (by NE [PA]) Jul 6, 2024 12:51 PM
       Corporate Transparency (by ken [NY]) Jul 6, 2024 1:18 PM
       Corporate Transparency (by mapleaf18 [NY]) Jul 6, 2024 1:39 PM
       Corporate Transparency (by zero [IN]) Jul 6, 2024 4:19 PM
       Corporate Transparency (by 6x6 [TN]) Jul 6, 2024 4:54 PM
       Corporate Transparency (by zero [IN]) Jul 7, 2024 9:30 AM
       Corporate Transparency (by Jason [VA]) Jul 7, 2024 9:50 AM
       Corporate Transparency (by zero [IN]) Jul 7, 2024 2:06 PM
       Corporate Transparency (by NE [PA]) Jul 7, 2024 2:18 PM
       Corporate Transparency (by Ray-N-Pa [PA]) Jul 7, 2024 8:56 PM
       Corporate Transparency (by Marv [IL]) Jul 8, 2024 9:33 AM
       Corporate Transparency (by NE [PA]) Jul 8, 2024 9:40 AM
       Corporate Transparency (by 6x6 [TN]) Jul 8, 2024 4:44 PM
       Corporate Transparency (by ken [NY]) Jul 9, 2024 12:19 AM
       Corporate Transparency (by zero [IN]) Jul 9, 2024 5:13 PM
       Corporate Transparency (by 6x6 [TN]) Jul 9, 2024 6:25 PM
       Corporate Transparency (by ken [NY]) Jul 9, 2024 8:01 PM
       Corporate Transparency (by zero [IN]) Jul 9, 2024 9:24 PM

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Corporate Transparency (by mapleaf18 [NY]) Posted on: Jul 6, 2024 10:27 AM
Message:

I have an LLC for hubby's biz, so I just filed the Beneficial Ownership Interest Act (BOIR) to be in compliance pre 1/25.

There are a few exemptions, but this regulation seems to be targeting small businesses in particular. Oddly enough there was no fee (yet) but Legal Zoom wanted to charge me $149 and up for filing it!

This is all under the so called Corporate Transparency Act so odds are if you have an LLC you'll have to file it. I will say that if your biz was formulated pre 1/24, there are a lot of fields you DON'T have to fill out and can skip over so there's that. Not sure if the link will be zotted: boiefiling.fincen.gov

--64.246.xxx.xx




Corporate Transparency (by ken [NY]) Posted on: Jul 6, 2024 11:04 AM
Message:

how long did it take? how invasive were the questions? --74.77.xx.xx




Corporate Transparency (by WMH [NC]) Posted on: Jul 6, 2024 12:45 PM
Message:

It's to stop the ghost LLCs that buy homes and land and no one can find who really owns them - like folks from China...

Awful? Yes. Targeting small biz? Yes. Hurting more than it probably helps? Maybe. --198.54.xxx.xxx




Corporate Transparency (by NE [PA]) Posted on: Jul 6, 2024 12:51 PM
Message:

At least thatís what weíre being told. --24.152.xxx.xx




Corporate Transparency (by ken [NY]) Posted on: Jul 6, 2024 1:18 PM
Message:

just one more intrusive regulation. It is always for our own good. --74.77.xx.xx




Corporate Transparency (by mapleaf18 [NY]) Posted on: Jul 6, 2024 1:39 PM
Message:

Ken, it took about 15 minutes. The website is a bit "back to front" and I uploaded a image of my drivers license but that is about all. I'm shocked there were no fees which it's usually a money grab. --64.246.xxx.xx




Corporate Transparency (by zero [IN]) Posted on: Jul 6, 2024 4:19 PM
Message:

My accountant is planning on doing this for me in late December.

I keep hoping that someone will poo poo on it and it will go away.

Another reason I need to read that Trust package we got at the con. --107.147.xx.xx




Corporate Transparency (by 6x6 [TN]) Posted on: Jul 6, 2024 4:54 PM
Message:

So, are LLC's worthless now? --76.129.xxx.xx




Corporate Transparency (by zero [IN]) Posted on: Jul 7, 2024 9:30 AM
Message:

Others can answer that better than I can but I believe LLCs will still have a function. Unfortunately with the new rule you will not have the anonymity that you did before.

But then again the trust route is still available and that is what we plan to do.

Actually wanted to do a form of the trusts before this became an additional obstacle. --107.147.xx.xx




Corporate Transparency (by Jason [VA]) Posted on: Jul 7, 2024 9:50 AM
Message:

LLCs provide anonymity? Around here unless theyíre used as shells, the owner can be quickly looked up on the secretary of stateís website. --73.147.xxx.xx




Corporate Transparency (by zero [IN]) Posted on: Jul 7, 2024 2:06 PM
Message:

I just looked mine up on my SOS site and it shows my PO Box as primary addy.

It also shows the lawyer from another city that I have as registered agent. --107.147.xx.xx




Corporate Transparency (by NE [PA]) Posted on: Jul 7, 2024 2:18 PM
Message:

Thatís right Jason, makes you wonder why you have to file. Especially since they already know. Iím guessing itís to collect the fine money down the road. --24.152.xxx.xx




Corporate Transparency (by Ray-N-Pa [PA]) Posted on: Jul 7, 2024 8:56 PM
Message:

They are good in land trust --24.101.xxx.xxx




Corporate Transparency (by Marv [IL]) Posted on: Jul 8, 2024 9:33 AM
Message:

They want to know the beneficial owner/owners are. It will be harder for bad actors to hide or benefit from their ill-gotten gains through shell companies.

quote:

FinCEN will permit Federal, State, local, and Tribal officials, as well as certain foreign officials who submit a request through a U.S. Federal government agency, to obtain beneficial ownership information for authorized activities related to national security, intelligence, and law enforcement. Financial institutions will also have access to

beneficial ownership information in certain circumstances, with the consent of the reporting company. Those financial institutionsí regulators will also have access to beneficial ownership information when they supervise the financial institutions. --98.34.xx.xxx




Corporate Transparency (by NE [PA]) Posted on: Jul 8, 2024 9:40 AM
Message:

I canít believe how many people still believe everything theyíre told. --174.249.xx.xxx




Corporate Transparency (by 6x6 [TN]) Posted on: Jul 8, 2024 4:44 PM
Message:

And do. --76.129.xxx.xx




Corporate Transparency (by ken [NY]) Posted on: Jul 9, 2024 12:19 AM
Message:

they can get that info easy enough if needed for legit things, this is a lie. You know what else would make things easier for the police? what if we all had a tracking device in our body so the police could track us if they determined they needed to find us? i bet 20% of society or more would line up if they got a free pizza for getting the injection --74.77.xx.xx




Corporate Transparency (by zero [IN]) Posted on: Jul 9, 2024 5:13 PM
Message:

As someone who has for some reason had chicken the last five dinners (one was on pizza) I would nearly sign up just to get a good meat lover's pie.

Almost --107.147.xx.xx




Corporate Transparency (by 6x6 [TN]) Posted on: Jul 9, 2024 6:25 PM
Message:

Ken, I hate to break it to you buddy, but that already exist. It's your cell phone. --76.129.xxx.xx




Corporate Transparency (by ken [NY]) Posted on: Jul 9, 2024 8:01 PM
Message:

6x6 good point and you are correct.We tracked my dad through the cell phone when he went for a drive he should not have gone on, 5 hours later the sheriffs deputies found him thankfully.At least if i were going to do something nefarious i would know enough to leave my cell phone home,we watch a lot of crime shows and they track these guys after the fact through there phones all the time, you would think they would learn. For the record i wasnt implying that a tracking device in our body would be acceptable to me --74.77.xx.xx




Corporate Transparency (by zero [IN]) Posted on: Jul 9, 2024 9:24 PM
Message:

ken, move a little more to the East please. The signal isn't very strong. --107.147.xx.xx



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