The Corporate Transparency Act

An episode of the Hard Asset Money Show podcast, hosted by Christian Briggs, titled "The Corporate Transparency Act" was published on January 8, 2024 and runs 101 minutes.

January 8, 2024 ·101m · Hard Asset Money Show

0:00 / 0:00

Summary

The Corporate Transparency Act passed the House four years ago, and it became effective Jan 1, 2024. This bill generally addresses the disclosure of corporate ownership and the prevention of money laundering and the financing of terrorism. This division requires certain new and existing small corporations and limited liability companies to disclose information about their beneficial owners. That information is uploaded to FinCEN, which is the Department of the Treasury’s Financial Crimes Enforcement Network. If you are not compliant with the rules and regulations, the fines are so severe, that it is not conceivable that all small to medium businesses could ever comply with it, because the CTA is so intolerant for any business to adhere to its rules and regulations. This new law seems similar in scope to asset forfeiture laws already in place. If the paperwork is not done in a timely manner, assets can be frozen, seized, or all together confiscated through non-compliance.

Episode Description

The Corporate Transparency Act passed the House four years ago, and it became effective Jan 1, 2024. This bill generally addresses the disclosure of corporate ownership and the prevention of money laundering and the financing of terrorism. This division requires certain new and existing small corporations and limited liability companies to disclose information about their beneficial owners. That information is uploaded to FinCEN, which is the Department of the Treasury’s Financial Crimes Enforcement Network. If you are not compliant with the rules and regulations, the fines are so severe, that it is not conceivable that all small to medium businesses could ever comply with it, because the CTA is so intolerant for any business to adhere to its rules and regulations. This new law seems similar in scope to asset forfeiture laws already in place. If the paperwork is not done in a timely manner, assets can be frozen, seized, or all together confiscated through non-compliance.

Share this episode

Similar Episodes

The Future Of Hospitality: Why Mid-Term Stays are Exploding

Apr 13, 2026 ·46m

Why You’re Still Broke And How to Fix It

Apr 8, 2026 ·19m

Hard Rocking Trivia Show #301 (Interactive Rock Trivia Podcast for Quality Humans!)

Apr 7, 2026 ·54m

Property Managment Secrets | With Mike Steward

Apr 6, 2026 ·48m

Learn How To Spot and Stop Runs To Become a High IQ HS Basketball Player

Apr 3, 2026 ·11m

How to Slow Down to Speed Up in Real Estate | Grow Your Portfolio Smarter

Apr 1, 2026 ·19m

Similar Podcasts

The Atlas Investor Tiho Brkan The Atlas Investor with Tiho Brkan covers and analyzes global capital markets and investment risks and opportunities across a wide array of asset classes including stocks, bonds, real estate and alternatives such as Gold and hard assets. The podcast also focuses on global business and citizenship opportunities as discovered through Tiho's extensive travels and on the ground due diligence. Tiho Brkan is a portfolio wealth manager, international real estate investor and global citizen who has achieved considerable acclaim as a trader and investor. The goal of the podcast is not only to inform and educate but also help you make money. People Focus Podcast Talk Staff Join us as we celebrate the most important asset that we all have – our people – the people that help keep our businesses running each and every day, the people that motivate us when times are hard, help us make decisions that don’t always feel like they’re the right ones and challenge us when we need to stay on track to achieve the overall company mission – the purpose behind why we do what we do. Jake & Gino: Real Estate Investing & Multifamily Jake & Gino Real estate investing, multifamily, and apartment investing—where real estate meets real business ownership. Hosted by investor-entrepreneurs Jake Stenziano and Gino Barbaro, the show goes beyond buying apartments to teach you how to build a durable, well-run real estate business. Each episode blends deal analysis, market insights, leadership lessons, and hard-earned operating experience from owning and managing thousands of units. Whether you’re just starting out or scaling a portfolio, Jake & Gino deliver practical education, honest conversations, and proven frameworks to help you grow cash flow, build systems, and create long-term wealth—without losing sight of family, values, and purpose.Also included under The Jake & Gino umbrella:How To: From real estate underwriting and asset management to organizational structure and owner mindset, How To delivers clear frameworks and actionable guidance for investors who want to build and operate a real estate business with clarity, discipli The Frontier CapIntel The Frontier is an original podcast series by CapIntel, featuring the latest ideas, innovations, products and philosophies of investment professionals. Today, investors have no access to the actual financial professionals who make investment decisions for them, and have a hard time learning their philosophies, and viewpoints on the markets they cover. The goal of The Frontier is to bridge this gap. Hosts James Rockwood and Taku Murahwi sit down for 20-30 minute discussions with Portfolio Managers and Chief Investment Officers of Big Banks and top Asset Management firms. We give you an exclusive look on the funds they manage, their views on the markets, and their investment philosophies. Subscribe now.

URL copied to clipboard!