What Real Estate Agents MUST DO Under the Corporate Transparency Act | New Reporting Requirement!

Did you know your real estate business almost certainly needs to file a report with the Financial Crimes Enforcement Network? Have you heard people talking about the Corporate Transparency Act? This new filing requirement is here, and if you operate your real estate business or real estate investments through an LLC or Corporation, you need to complete this new required report with FinCEN. This video covers everything you need to know about this critical new reporting requirement, including the significant fines and jail time that could result from not filing!

Do you want an attorney at an incredibly affordable rate to help you, answer your questions, and submit the report for you? Check out our partner law firm GDL LegaL PLLC here: https://www.gdl.legal/practice-areas/corporate-transparency-act-fincen-filing

After watching the video, if you need more information on reporting, check out our page on the Corporate Transparency Act filing requirement here: https://www.rpro.academy/blog/corporate-transparency-act

00:00 Do you know about the new federal business report that’s required?
00:13 What is the Corporate Transparency Act reporting requirement?
00:33 Why do I have to do the report?
01:01 What do I have to report?
02:20 When do I have to report?
02:55 Do I report any changes in reported information?
03:23 What happens if I don’t report?
04:01 How do I complete the report?
05:16 File your report as soon as possible!

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#corporatetransparencyact #fincen

Legal Disclaimer: This video is for educational and informational purposes and is NOT legal advice. Nothing in this video should be considered to create an Attorney-Client relationship with Geoffrey Long or GDL Legal PLLC. Consult YOUR attorney if you have legal questions about real estate, the real estate contract, or your real estate transaction.

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