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Painting Biz Owners: Did you know there’s more required info under the Corporate Transparency Act?

Name: Painting Biz Owners: Did you know there’s more required info under the Corporate Transparency Act?
Uploaded: 2023-11-29T20:11:33+00:00
Duration: 57 s
Channel: Daniel Honan
Description: This content was created by balanced-griffin. This content was uploaded by balanced-griffin. This is a YouTube video titled "Painting Biz Owners: Did you…

29 Nov 2023 · 1 min

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This content was created by balanced-griffin. This content was uploaded by balanced-griffin. This is a YouTube video titled "Painting Biz Owners: Did you know there’s more required info under the Corporate Transparency Act?" (created 2023-11-29). It contains an informational monologue by a single speaker explaining new Corporate Transparency Act reporting requirements for businesses — detailing that beneficial owners and reporting agents must provide name, date of birth, address, and a government‑issued ID with a unique number — and noting that the requirement can feel invasive but is legally mandated.

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They're also gonna want information about what they call the beneficial owners. It's gonna be you as the business owner and any partners or shareholders or members that you have in your company. You are going to need to give your name, your date of birth, and your address, ID that is issued by a governmental authority that has a unique number on it that can be tracked. Finally, we have what they call the reporting agent. This is going to be the person who helped you form your company. If you hired an attorney or a CPA or your friend down the street to inform the company, then they would be the reporting agent. They would also have to submit name, address, date of birth, and some kind of identifying document. It's definitely going to feel invasive for some folks because this is a lot of identifying personal information that has to be given out. You don't really have a lot of choice in the matter. The law has been passed.