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My newly adopted chud son that barely fits in my chair🥹🥹
#transformers #fortressmaximus #llcs

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The Rise Of Jordon Hudson, Small Business Owner Before he was stumbling over interview questions on national TV, before he was the guy who made North Carolina football worse, before you could bet on when he might be fired, Bill Belichick was one of the most respected men in football. It may feel like a lifetime ago, but six Super Bowl titles as head coach and 302 career wins in the NFL built that reputation. The expected trail of fawning headlines—Americans ranking him alongside the closest thing the modern NFL has to a founding father, Vince Lombardi; the _Washington Post_ saying Belichick's New England Patriots should be considered one of the best dynasties in the history of world sports; the _New York Times_ calling him a genius—all made a certain sense. Accusations that his team spied on opponents, another cheating scandal, and his own boss thinking he was an asshole never truly tarnished his public persona. The world changed a lot while Belichick reigned from his Foxborough throne for nearly a quarter of a century. When Belichick first joined the Patriots, Mark Zuckerberg was still a high schooler. The rise of social media, smartphones, the app store, podcasts, viral videos, streaming, and influencers—all that happened while Belichick was plugging away at football, until the Patriots cut him loose after a 4-13 record in the 2023 season.
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High-Net-Worth Defense—Shield Your Wealth What if the smartest wealth move isn’t chasing returns, but protecting the risks that could erase them overnight? On this episode of The Advisor with Stacey Chillemi, Erin Botsford (Barron’s Top 100 advisor; founder of The Advisor Authority) reveals the paradigm shift that scaled her firm from $300K to multi-millions: safeguard the risk side of the balance sheet before you invest a dollar. Erin walks through real-world failures and fixes, plus the 26-point risk checklist every family should complete. You’ll learn how to: 🛡️ Map Hidden Exposures: Titling, liability, umbrellas, entities (LLCs/trusts), “toys” (lake house/boat) 🔁 Transfer vs. Assume Risk: Insurance & structures vs. habits and health ✅ Run the 26-Point Checklist: Finish risk work first, then allocate investments 🏗️ Adopt the “Property Manager” Model: Advisors coordinate attorneys, CPAs, and insurance pros 👪 Do a 360° Family Review: Parents, adult kids, in-laws... who are you morally/financially responsible for? 🧭 Scale with Systems: Prospect the philosophy, then hand off to licensed service teams Press PLAY to secure the downside to scale the upside; be sure to protect the risk side today so you can invest with confidence tomorrow! 🔗 Explore Erin’s resources and learn more at https://erinbotsford.com/ 👉 Love insightful and life-changing interviews? Tap Follow now so you never miss an inspiring episode of The Advisor with Stacey Chillemi.

📣 New Podcast! "High-Net-Worth Defense—Shield Your Wealth" on @Spreaker #advisors #assetprotection #cashflow #checklists #compliance #duediligence #estateplanning #financialplanning #highnetworth #insurance #liability #lifeinsurance #llcs #longtermcare #resilience #retirement #riskmanagement

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How Does a Land Trust Compare to an LLC?
How Does a Land Trust Compare to an LLC? YouTube video by My Land Trustee

LLC or Land Trust — which one really keeps your name off the radar? 👀 If your info's on Sunbiz, you're basically handing it to scammers.

youtube.com/shorts/_stq1...

#LLCs #FloridaLandTrusts #LandTrustsExplained

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@olshanlaw.bsky.social litigation partner Kerrin Klein Publishes Article in @bloomberglaw.com on How Investors Lose Vital Information When They Skip LLC Agreements
#OlshanLaw #LLCs #LLCAgreements #DelawareLaw #CorporateGovernance #BloombergLaw #Litigation

lnkd.in/eQ2_HMyR

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1. Who Must Report Under the CTA?

The CTA applies to corporations, LLCs, and other business entities registered in the United States, except for those that qualify for specific exemptions. Businesses must determine if they fall under the reporting requirements based on their entity type and structure.

Example: Initially, Elmwood Manufacturing assumed they were exempt from reporting because they had more than 20 employees and significant revenue. However, after reviewing the criteria, they realized they did not meet all the exemption requirements and were required to submit a BOI report.



2. Identifying Beneficial Owners for Reporting

A beneficial owner is defined as any individual who owns at least 25% of a company or has significant control over business decisions. Businesses must accurately identify and report these individuals.

Example: Elmwood’s leadership team identified that, in addition to their majority owners, their CFO also exercised substantial control over financial decisions, making them a reportable beneficial owner under the CTA.



3. What Information Needs to Be Reported?

Companies must disclose key details about their beneficial owners, including full legal names, residential addresses, birthdates, and government-issued identification numbers.

Example: One of Elmwood’s investors lived overseas, requiring additional documentation to verify their identity. The company worked with a compliance firm to ensure all information was accurately submitted.



4. When and How to File a BOI Report

Businesses must file their BOI reports through FinCEN’s online portal upon registration and update them whenever there are changes in ownership or control.

Example: After securing new investors, Elmwood had to update their BOI report within 30 days to reflect the changes. By maintaining an internal compliance calendar, they ensured they never missed reporting deadlines.



5. Consequences of Non-Compliance

Failure to comply with the CTA can result in fines…

1. Who Must Report Under the CTA? The CTA applies to corporations, LLCs, and other business entities registered in the United States, except for those that qualify for specific exemptions. Businesses must determine if they fall under the reporting requirements based on their entity type and structure. Example: Initially, Elmwood Manufacturing assumed they were exempt from reporting because they had more than 20 employees and significant revenue. However, after reviewing the criteria, they realized they did not meet all the exemption requirements and were required to submit a BOI report. 2. Identifying Beneficial Owners for Reporting A beneficial owner is defined as any individual who owns at least 25% of a company or has significant control over business decisions. Businesses must accurately identify and report these individuals. Example: Elmwood’s leadership team identified that, in addition to their majority owners, their CFO also exercised substantial control over financial decisions, making them a reportable beneficial owner under the CTA. 3. What Information Needs to Be Reported? Companies must disclose key details about their beneficial owners, including full legal names, residential addresses, birthdates, and government-issued identification numbers. Example: One of Elmwood’s investors lived overseas, requiring additional documentation to verify their identity. The company worked with a compliance firm to ensure all information was accurately submitted. 4. When and How to File a BOI Report Businesses must file their BOI reports through FinCEN’s online portal upon registration and update them whenever there are changes in ownership or control. Example: After securing new investors, Elmwood had to update their BOI report within 30 days to reflect the changes. By maintaining an internal compliance calendar, they ensured they never missed reporting deadlines. 5. Consequences of Non-Compliance Failure to comply with the CTA can result in fines…

#BOI Reporting Under the #CTA: Key Legal Obligations for #Business

fincenguidance.com/blog/f/boi-r...

Understanding BOI reporting obligations is essential for #corporations, #LLCs, and other entities to avoid legal and...

#CorporateTransparencyAct #SmallBusiness #finance #Compliance #bookkeeping

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