What is the CORPORATE TRANSPARENCY ACT and Why Should You Care?
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- čas přidán 30. 06. 2024
- If you have an LLC or own your own Corporation, then you need to know about a law called the Corporate Transparency Act. This federal law went into effect on January 1, 2024.
In today's video I share everything you need to know so that you can make sure your LLC is compliant.
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#jameshart #trademarklawyer #corporatetransparencyact
Ordering someone to turn over all their private information to the police to prove they aren't committing crimes when there is no evidence against them seems like a clear cut violation of the 4th amendment.
I’m not arguing the constitutionality of it. But I suppose by your definition, requiring people to file tax returns or apply for EIN numbers would be a problem too? We do this all the time and frankly, after having submitted several of these in the past few months, the information requested is far less than you put on a tax return or other government documents.
@@jimhartThis is a helpful perspective.
Hey Jim thanks for showing up to my school you were awesome!
Any time! It was a ton of fun.
thank you for this. I did not hear your neighbor.
👍🏾👍🏾👍🏾
Thanks for info. Can’t hear your neighbor.😊
Hey Jim question for ya. If I am an author selling books off of amazon as a sole proprietor, and I am using a logo on the bottom cover of said books/ social media platforms. What kind of trademark do I qualify for? How would I file that in taxes when amazon has its on tax sheet for me to use?
Hi Joshua - lots to unpack there. Feel free to schedule a call with me: hartlawfirm.as.me/schedule.php?appointmentType=32582579
Does this defeat the purpose of using a registered agent for privacy purposes? I understand the other benefits of having a registered agent, but solely looking at the privacy aspect of it all.
No, the information you submit to FinCEN is not made public, but anything you include on your Articles of Organization is.
If Inc File was used are they the applicant?
Good question. I think that is probably correct.
@@jimhart thanks for keep us in the loop!
Where is the link below?
What are you looking for?
@jimhart I believe he was referring to the fact that you said you would leave a link to where you needed to go to update the information about the corporate transparency act.. I did'nt see it listed either so I an Assuming that is the link in question.
Good look. Thanks for the info! 💎
What about a sole proprietorship LLC? I may have missed it in your designations
What is that? A sole proprietor is different than an LLC
I think he means a Single Member LLC (disregarded for federal tax purposes) being treated/taxed as a sole proprietorship.