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Real Estate Investing with Keith Weinhold



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The Corporate Transparency Act is Coming. It Probably Affects You.

• 36 min

If you own a real estate entity (like an LLC), the new Corporate Transparency Act (CTA) must be complied with soon. I have my own attorneys on the show to discuss this today, Garrett and Ted Sutton. You must report ownership information to the federal government. It must only be done one-time, not annually. The penalties for non-compliance with the CTA can be as high as $10,000 in fines or up to 2 years in jail. Those penalties would be for the most egregious acts. The intent behind the CTA is to prevent money laundering and terrorist financing. If you don’t own real estate in an LLC, you probably won’t need to comply. There are pros and cons of using LLCs, which I discuss. For help complying with the CTA, you can contact Corporate Direct at or (800) 600-1760. Resources mentioned: Show Notes: Corporate Direct: 1-800-600-1760 Video platform with kids’ FinEd: For access to properties or free help with a GRE Investment Coach, start here: Get mortgage loans for investment property: or call 855-74-RIDGE  or e-mail: Invest with Freedom Family Investments.  You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review”  Top Properties & Providers: GRE Free Investment Coaching: Best Financial Education: Get our wealth-building newsletter free— text ‘GRE’ to 66866 Our YouTube Channel: Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold

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