048: The Corporate Transparency Act: Important Changes For Business Owners with David Chaves

Most business owners are probably unaware that the Corporate Transparency Act went into effect on January 1, 2024. More importantly, this new law will directly impact the day-to-day operations of many business owners. Intended to combat money laundering, human trafficking, and funding terrorism, this new law brings with it new reporting requirements with an array of penalties.  We're thrilled to welcome David Chaves back to the podcast as he brings unique skills and experience to talk about this very important topic. He's a retired FBI Agent, attorney, and keynote speaker on topics including white-collar crime, compliance, risk management, government investigations, and leadership.  In this conversation, we'll explain why most businesses will be impacted by this law, how to ensure your business complies with FinCEN if necessary, and how to get ahold of David's ebook to learn more.  In this podcast interview, you'll learn: Who within your company may now need to file for corporate transparency compliance and why it matters.  Reporting deadlines for FinCEN compliance and potential fines for noncompliance. Who will be able to see your FinCEN compliance information after you file.  Why FinCEN compliance is catching the United States up to the rest of the world.  Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit SHPfinancial.com/podcast Connect With Us on Social Facebook LinkedIn YouTube