Happy New Year! (It’s not too late to say that to you still, is it?)

I have two big things for you in this email: first, my free event for entrepreneurs coming up on 30 Jan AND what’s happening with this Corporate Transparency Act. Info on both below:

PLAN FOR YOUR BIZ EVENT: 30 Jan | 7p ET | 4p ET

Whether you're daring to start that business you've been thinking of forever for the first time or you're a seasoned pro who just wants to sharpen up their game for 2024, we've got you covered. Come to the Plan For Your Biz workshop with Bobby Robinson, Esq. - the experienced business and social media attorney that advises creative entrepreneurs, college to pro-athletes and celebrities alike on how to scale and protect their brands.

In this free, virtual workshop, we'll have invaluable #networking opportunities with fellow entrepreneurs from all walks and industries, secret sauce tips on #visioning and #goalplanning (that work!) and even an opportunity for our #VIP businesses to have special spotlight moments to wrap us up. Come join us!

⭐REGISTER FOR FREE! (Limited seats available)

CORPORATE TRANSPARENCY ACT: What every entrepreneur should know about it.

There’s a new law - the Corporate Transparency Act (CTA) - that will impact millions of businesses. It was enacted in 2021 as part of the National Defense Authorization Act. The goal of the CTA is to increase transparency in ownership structures and entity structures to combat illicit activities such as tax fraud, money laundering, and financing for terrorism.

Under the new legislation, businesses that meet certain criteria must submit a Beneficial Ownership Information (BOI) Report to the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN), providing details identifying individuals who are associated with the reporting company.

Here are 5 quick things you should know about the CTA: 

1. The CTA went into effect on Jan 1, 2024. 

2. For qualifying reporting companies established before January 1, 2024, the filing deadline for the BOI is January 1, 2025. 

3. Those created between January 1, 2024, and January 1, 2025, will have 90 days from either the actual notice of formation or public announcement, whichever comes first, to file. 

4. Businesses established on or after January 1, 2025, will have 30 days from notification or public announcement of their formation to submit their first report to FinCEN.

5. There are 23 exemptions and some businesses are excluded from filing BOI reports to include non-profit organizations.

If the CTA applies to your business, then I’d encourage you to speak with your business attorney (which I’m happy to help you with) or accountant to ensure that you remain compliant and avoid any fines or penalties for failure to submit your BOI reporting. 

For more details on the CTA, check out this CTA Checklist.

Again, Happy New Year and if I can be of any assistance to you throughout the year, don’t hesitate to reach out. Otherwise - hope to see you at my free, virtual event on the 30th!

Bobby Robinson, Esq.
bobbyrobinson.co | @iambobbyrobinson

How I Help Entrepreneurs:

[ 1 ] Through my events: I have free events (with some paid opportunities) all throughout the year to help with things like business structure, trademarks and more. Check it out:

[ 2 ] With trademarks: I help proactive entrepreneurs that don’t want to wait until their brand is stolen (or they’re forced to re-brand because someone has registered a brand you started). Click here to book a complimentary brand protection session with us and we’ll guide you through the process.

[ 3 ] By helping them hit their first six figures: Six figures seems to be the “I made it - revenue mark” for many entrepreneurs but the sad reality is that the average annual revenue for a solopreneur is $46K and only 13% of businesses achieve that mark (and I’ve done it several times). So, if you’re ready to join the 13%, then check out my B-Unstuck Course, where you’ll learn the skills, tools and systems needed to hit your first six figures in business. Enroll here. 

[ 4 ] With excellent business mentorship: You’re making at least $100K and you’ve realized that you’ve gotten the most out of the free webinars or just hit a plateau and are ready for the next level - coaching and mentorship. The MILLIE Collective is a suite of coaching and mentorship programs to fit your needs from Private, Group or a VIP Day, there’s something for everyone. Check out programs here.