So happy to be out of business and retired. I still have dreams though they come after me for some obscure non-compliance issue. Same dream as forgetting your last test or showing up at school buck naked.
In the words of Elon, GFY.
“The package passed through Congress with broad bipartisan support before being vetoed by then-President Donald J. Trump. Both houses of Congress voted to override the veto.”
The UniParty in action.
Lots of business already burdened with “OFAC SDN” list checks (i.e. car dealers have to run an OFAC check on all car buyers). Bogus red tape!
https://alessa.com/blog/ofac-screening-requirements-compliance/
It appears to basically be businesses that are LLCs or corporations.
If you don’t file paperwork with a secretary of state to be a business, and not an LLC or corporation, it doesn’t seem to affect you.
More here:
https://www.fincen.gov/sites/default/files/shared/BOI_Small_Compliance_Guide_FINAL_Sept_508C.pdf
I just got that notice. Lucky me. Only another few days of tax documents I need to fill out for “my own good.”
You can bet that Robinson Walker, LLC; Owasco, LLC; Hudson West III, LLC; Rosemont Seneca Bohai, LLC, and Rosemont Seneca Partners are all exempt from this.
BKMK