FinCen Reporting What it means for your LLC

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Are you starting your own LLC? The 2021 Transparency Act has a new FinCEN reporting requirement—following this requirement correctly as you set up your own LLC is essential for your success. Lee breaks down what FinCEN is, what the new requirement means for you as you register your LLC, and how to avoid paying thousands of dollars in fees by reporting your LLC completely and correctly. • Lee has the knowledge and experience to help you set up your LLC to build and protect your wealth. Subscribe and turn on notifications to stay up to date with LLCs and the relevant laws. Check out Lee’s website at legalees.com to see how Lee can help you protect and grow your wealth a lot faster. • 0:00 Privacy is dead • 0:30 FinCEN • 1:27 Register beneficial interest • 1:50 What want know • 2:05 Direct or indirect • 2:40 When report by • 3:40 Penalty • 4:18 Existing entities • 4:41 Exceptions: 6 criteria • 6:20 Trust not register • 6:45 DBA • 6:58 Multiple LLCs • 7:51 Over 5 owners • For More Resources... • Tax Planning: https://legalees.com/tax-planning/ • Estate Planning: https://legalees.com/personal-planning/ • Business Planning: https://legalees.com/business-planning/

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