How the Corporate Transparency Act Could Create a Paperwork Nightmare for Small Business Owners

The Corporate Transparency Act is suddenly in the spotlight as a paperwork nightmare that just got shot down in court, but only for a specific group of individuals. Millions more will still be required to comply with the legislation, and the Federal Government has said it will appeal the ruling that protects members of that one group, so the fight is not over.   The Corporate Transparency Act is meant to control financial crimes like money laundering and the financing of terrorism, but it will also impact some five million above-board companies and individuals, such as real estate investors with LLC’s or other kinds of entities AND the CPA’s or attorneys who handle their affairs. And violating the Act could add up to tens of thousands of dollars in fines and jail time. There are also strict deadlines to comply.   In this episode, you’ll hear from syndication attorney Mauricio Rauld. He’s the founder and chairman of Premier Law Group and the host of The Real Estate Syndicator LIVE Show on YouTube. He’s one of the top syndication attorneys in the US helping real estate syndicators raise hundreds of millions of dollars for investors pursuing their financial freedom. And he will explain in detail how these new regulations could affect you!   Please remember to join RealWealth to learn what you need to know about real estate investing including the use of LLC’s as a popular asset protection strategy. And don’t forget to subscribe to this podcast to keep yourself informed from some of the most respected real estate experts in the country. And please check this podcast out on YouTube where you can watch the video version of this podcast in addition to lots more valuable content RealWealth posts on the regular!