WB
BTW they slid in several new executive orders and such too
Tuesday, January 02, 2024, 08:18

One of particular importance is the requirement of a special filing of a B.O.I. (Beneficial Ownership Intent) for anyone with a LLC or S-Corp. I have two myself to protect some of our family holdings. The fines are very steep for failing to do this relatively simple filing, so look into it promptly.

Basically you give them info they already have and list what type of activity the entities are involved with. They are making it harder to hide your tax evading drug money or child trafficking offshore. Except for their buddies of course.

There is a method of transferring both into a Trust that will provide some insulation, if you are interested. Talk to a pro and get some good info. Keep your titles signed and in a safe place in case you get croaked, make it easier on your family. Ditto some professional financial planning. They can go back 6-7 years and take back your personal wealth if you get placed in extended care. It can be disastrous for your survivors. The "death tax" too is being lowered every year. It can force your family to sell cherished family property just to pay the burdensome taxes. Get it done before hand.