[2-Min Quick Start] How to Set Up an Account for the Corporate Transparency Act [ Ссылка ]



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Navigating the complexities of the Corporate Transparency Act (CTA), focusing on its implementation by the Financial Crimes Enforcement Network, part of the U.S. Department of Treasury. Aimed at business owners and real estate investors, it covers who is affected by the CTA, who is exempt, and how to ensure compliance to avoid fines and criminal charges. Emphasizing the importance of revealing the true owners behind LLCs, limited partnerships, and corporations to combat financial crimes, the video outlines the high stakes of non-compliance, including daily fines and potential jail time. Exemptions are discussed, notably for large public companies and SEC-registered firms. The presenter shares personal approaches to compliance and offers resources for finding professional assistance. The video concludes by reaffirming the importance of compliance despite the challenges and costs it presents to small business owners, promoting a view that while burdensome, the CTA serves a noble purpose in combating financial crime.

00:22 Understanding the Financial Crimes Enforcement Network
01:15 The Impact of the Corporate Transparency Act on Businesses
02:08 Navigating Exemptions and Compliance
04:11 The Realities of Privacy and Legal Entities
04:47 Final Thoughts and Legal Resources

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Lane Kawaoka is a developer and multi-family syndicator who owns 10,000+ rental units and is the leader of “Hui Deal Pipeline Club” which has acquired over $2.1 Billion AUM of real estate by syndicating over $200 Million Dollars of private equity and most importantly distributed more than $45M back to our investors since 2016.

Check out our Top-50 Investing Podcast, The Wealth Elevator.

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