Episode 3: How the Corporate Transparency Act Affects Your Texas Land

In this episode of 'Your Texas Land' podcast, host Brad Glover from Braun and Gresham discusses the implications of the new federal Corporate Transparency Act (CTA) with attorney Margaret Menicucci. The conversation covers the importance of using business entities like LLCs or limited partnerships for holding rural land, including benefits for risk management, shared ownership, and potential federal estate tax advantages. They delve into the CTA's requirements for small business entities to report ownership to the Financial Crimes Enforcement Network (FinCEN) and the associated compliance deadlines. Penalties for non-compliance, ongoing litigation, and the necessity for timely filing are also discussed. Menicucci emphasizes the firm's role in helping clients navigate these requirements and ensures they meet federal law obligations. Find out more about us: https://plateauwildlife.com/ https://braungresham.com/ Disclaimer: The information in this podcast is provided for general informational purposes only, and may not reflect the current law in your jurisdiction. No information contained in this podcast should be construed as legal advice from Braun & Gresham, PLLC or the individual attorney, nor is it intended to be a substitute for legal counsel on any subject matter. No listener or viewer of this podcast should act or refrain from acting on the basis of any information included in, or accessible through, this podcast without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from a lawyer licensed in the recipient’s state, country or other appropriate licensing jurisdiction.