In this episode of LearnLikeaCPA Podcast, Ryan Bakke discusses the Corporate Transparency Act and its impact on small business owners. Learn about the requirements, deadlines, and implications of this new law to ensure compliance and avoid potential fines or legal issues.

In this episode, Ryan covers:

- Overview of the Corporate Transparency Act

- Reporting requirements for LLC owners

- Deadlines for compliance based on LLC formation date

- Personal and business information needed for the report

- Advice on filing the report and implications of non-compliance

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Timestamps:

[00:00:00] Intro

[00:02:22] Reporting system collects and shares personal information.

[00:04:45] LLC registration changes must be filed promptly.[00:08:37] Business compliance: taxes, LLC paperwork, filing requirements.

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*None of this is meant to be specific investment advice, it's for entertainment purposes only.