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Entrepreneurs on Fire
December 2023 Income Report: Email Opt in Testing, Starting the New Year Strong, and more!
Jan 19, 2024
28:05
Snipd AI
The podcast discusses the December 2023 income report, including gross income, total expenses, and net profit. It also covers topics such as the Corporate Transparency Act, financial superpowers, email opt-in testing, and starting the year off strong. The episode highlights the importance of reflection, generosity, and collaboration in business.
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Quick takeaways
- Business owners should review their entities to ensure compliance with the Corporate Transparency Act.
- Reflecting on past experiences can help entrepreneurs set informed goals and focus their efforts for the new year.
Deep dives
Reflecting on the Financial Transparency Act
In this episode, Ron Parisi discusses the Corporate Transparency Act, which requires entities registered with the Secretary of State to also register with the Financial Crime Enforcement Network (FinCEN) and report their beneficial owners. The act defines beneficial owners as individuals who own over 25% of the company or exercise substantial control within it. Ron advises business owners to review their entities and entities they created in the past to ensure compliance. He suggests waiting until spring or summer to explore potential third-party assistance and emphasizes the importance of obtaining a FinCEN identifier.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode