The Cash Flow Contractor

Could you be facing $500 daily penalties and not even know it? Find out how you can safeguard your business against these potential fines in this episode with Mark Robertson. You don’t want to miss this!

Time Stamps
  • 00:35 - Episode & Guest Intro
  • 01:44 - Understanding Beneficial Ownership Information Report
  • 08:02 - Understanding Exemptions and Requirements
  • 11:41 - Penalties for Non-Compliance
  • 14:25 - Navigating the Filing Process
  • 25:59 - Practical Advice and Closing Thoughts
  • 27:52 - More About Mark Robertson
  • 30:07 - How to Reach Mark Robertson

Quotable Moments From the Show
  • "FinCEN has spent the last three years putting together regulations on how companies should report who the beneficial owners are and who the control people are for companies here in the United States. Those regulations kicked in effective January 1st of this year." -Mark Robertson
  • "You have until the end of the year if you were formed before the beginning of this year. Now, if you were formed in January of this year, you have 90 days to do your filing. If next year you file a new company, then new companies filed after January 1, 2025, have 30 days to do their filing."  -Mark Robertson

Resources
  • Need Marketing Help? We Recommend Benali
  • Need Help with podcast production? We recommend Demandcast

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What is The Cash Flow Contractor?

If you’re like most contractors we know, then you started your business because you’re passionate about and great at your craft. You also wanted to be your own boss. Owning a business has a lot of advantages, but also a lot of challenges.

We started this podcast to talk about things that matter to you as an owner, like business fundamentals, sales processes, marketing, leadership, and much more. Armed with knowledge, you’ll be able to reach your goals, whether that’s growth, getting your shop to run without you, or anything in between.