Category: Experts Column

Business formation March 27, 2025

BOIR Ruling EXEMPTS U.S. Persons and U.S. Entities!

FinCEN announced on March 21st, 2025 an article titled,  “FinCEN Removes Beneficial Ownership Requirements for U.S. Companies and U.S. Persons, Sets New Deadline for Foreign Companies.”  The title says it all.   March 2nd, 2025, the U.S. Department of the Treasury issued an interim final rule removing the requirement for U.S. Companies and U.S. Persons to report […]


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Business formation March 18, 2025

Good Intentions, Poor Execution

Yesterday, I spoke with a client named Jane. She purchased a multi-family rental in Florida with cash in 2022. The realtor told Jane, “I’ll go ahead and set up an LLC for you. You definitely want to LLC for asset protection purpose.” True to his word, the realtor did, in fact, establish an LLC. Jane […]


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Business formation March 14, 2025

ADPI BOI Update, Update, Update

This never-ending saga of filing the Beneficial Ownership Information Report should be coming to an end.   For any new Corporation or LLC owners, I’ll catch you up:  A new law was passed requiring owners of Corporations and LLCs to register with the Financial Crimes Enforcement Network (FinCEN) to disclose control or ownership of business […]


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Experts Column March 5, 2025

Insurance vs LLC

I get a question frequently, and that is “Isn’t insurance enough?”. Great question, and I would bet many of you reading this have had the same thought run through your head, too. Think of it in the car insurance world: if insurance was enough for protection, then we wouldn’t need seat belts and airbags. In […]


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Experts Column February 24, 2025

Why You Shouldn’t Put a Rental Property Directly in a Revocable Living Trust

A revocable living trust is a popular estate planning tool that allows an individual to manage their assets during their lifetime and to transfer those assets to their beneficiaries after death without going through probate. While a revocable living trust offers many benefits, it is not always the right choice for holding all types of […]


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