A new FinCEN beneficial owner reporting requirement for “non-financed” transfers of residential properties to trusts or entities will become effective 3/1/26.  Starting March 1, 2026, FinCEN will require reporting for certain non-financed transfers of residential real estate made to trusts or legal entities. This rule is similar in concept to the Corporate Transparency Act (CTA), but it applies specifically to real estate transactions. Here’s an

At the beginning of the year each year, we as small business owners start to refresh our check-lists and revise the To-Dos. We start cleaning up our processes, getting rid of what’s not working, cutting back on what’s sucking up too much of our time, review who we can start delegating more tasks to, and take a step back to

When you start a business, forming an LLC or corporation feels like a major milestone. But that milestone is only the beginning. What truly determines whether your entity thrives (or risks penalties, lawsuits, or even dissolution) is your ability to stay compliant with government requirements. Compliance isn’t glamorous. It’s annual reports, filing fees, tax documents, and maintaining a registered agent.

Sure, it’s tempting to just put your business formation documents on the shelf after you receive them, but it’s important that you share them with people you trust. Your formation documents—like your (Certificate of Formation, operating agreement, bylaws, etc) signal the legal existence of your company and serve as a roadmap for how it operates. But beyond the state, there

While attorneys may seem like a safe choice to act as a business’s registered agent, a dedicated third-party agent is often the safer bet. Here’s why: 1. Risk of Default Judgments and Legal Liability Wolters Kluwer documents multiple instances where businesses suffered default judgments after their lawyers, acting as registered agents, failed to forward legal notices: In Millennium Outdoors, LLC

MARCH 2 – Treasury Department Announces Suspension of Enforcement of Corporate Transparency Act Against U.S. Citizens and Domestic Reporting Companies Here’s how the announcement from the U.S. Treasury Department could impact you – Major Change: No More BOI Reporting for U.S. Businesses The Treasury Department has announced that it will not enforce any penalties or fines for failing to file

UPDATE (MARCH 4, 2025) : As of now, the US Treasury Department has officially suspended all enforcement of the CTA. Read here for more details. Here’s the most up-to-date information we have on the Corporate Transparency Act (CTA) and Beneficial Owner Reports (BOI). If you own a small business, you’ve probably heard about the Corporate Transparency Act (CTA) and the

UPDATE (MARCH 4, 2025) : As of now, the US Treasury Department has officially suspended all enforcement of the CTA. Read here for more details. On Thursday 1/23/25, the Supreme Court reinstated the Corporate Transparency Act and lifted the injunction.  The case now returns to the 5th US Circuit Court of Appeals for further deliberation. So what does this mean? Nobody

UPDATE (MARCH 4, 2025) : As of now, the US Treasury Department has officially suspended all enforcement of the CTA. Read here for more details. Struggling to understand if the Corporate Transparency Act and BOI reporting apply to your business? We break down key court decisions, deadlines, and what you need to do to stay compliant. The Corporate Transparency Act

UPDATE (MARCH 4, 2025) : As of now, the US Treasury Department has officially suspended all enforcement of the CTA. Read here for more details. The clock is ticking! The end-of-year deadline for Beneficial Ownership Information (BOI) reporting is fast approaching, and your clients may be counting on you for guidance. With the end-of-year deadline fast approaching, American Certified Public