FINCEN Beneficial Ownership Reporting Requirements

If you have a US LLC or Corp, you need to watch this

Earlier this week, I filed my first beneficial ownership information for one of my companies with FINCEN.

If you own 25% or more of a sole proprietorship, LLC, or US corporation OR have “substantial control” over one of these US entities, you’ll need to do the same by the end of this year.

I guess this is what freedom feels like.

On November 27, 2023 during our weekly call with VIP/Founder members we discussed the details of the new FINCEN reporting requirements.  The recording is below.

What about the court case?

Some have heard about a court case regarding this rule. The results of the case were positive, but they don't apply to you unless you were a plaintiff in the suit.