The Georgia Grapevine

02/07/2024

Business owners:

Starting January 1, 2024, the Corporate Transparency Act went into effect. If you run an LLC or a corporation with under 20 employees, you’ll need to report your ownership details to FinCEN. This move aims to curb money laundering and tax evasion by making company ownership transparent.

Don’t get caught unprepared! Existing businesses have until January 1, 2025, to file their initial report, while new entities must do so within 30 days of formation. Non-compliance could result in a daily fine of $500 and potential imprisonment.

Stay informed and compliant. Visit www.fincen.gov for more details and guidance on how to proceed.

WASHINGTON—Today, the Financial Crimes Enforcement Network (FinCEN) published its first set of guidance materials to aid the public, and in particular the small business community, in understanding upcoming beneficial ownership information (BOI) reporting requirements taking effect on January 1, 2...

02/04/2024

03/15/2021

Sometimes you need an outside look at your business to determine the inside problems of what is going on.

03/13/2021

Sometimes a new wholesaler gets a property under contract TOO HIGH and then doesn't understand why they don't have a buyer.
First they should know what type of end buyer they are looking for and then determine what their own MAO will be before putting it under contract.

Maximum Allowable Offer or MAO is a term used by real estate investors to reference the highest amount they can pay for a property and realistically expect to make a profit when the property is sold or leased to tenants.