Today’s episode is a little different. Lisa Whitman is joining us to help shed light on the Beneficial Ownership Information Report. You may not know about this report or that anyone that has an LLC or corporation needs to file it based on the requirements of the Federal Corporate Transparency Act. This law was enacted in 2021 but went into effect January 1st, 2024 under the Financial Crimes Enforcement Network. If you don’t file this form for your LLC or corporation, you could be subject to a $10,000 fine. 

Lisa is a Former Miss Rodeo USA, she grew up on a ranch and farm, and she’s an attorney with over 25 years of experience practicing in Oklahoma and Texas. She also created Morgan Wyatt, a business service company that is currently helping businesses file their Beneficial Ownership Information Report form. 

This form needs to be filed by December 31st, 2024, but don’t panic! In this episode, Lisa helps us navigate where to file, who can help you file, reasons you might have to re-file, and what scams to avoid. 
 
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