Carol Solfanelli | Compass | DRE License # 01347033 | 415-297-7031 | carol.solfanelli@compass.com
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If you own your home (or business) through an LLC, you could be subject to $591 a day penalties if you don’t register under the Corporate Transparency Act!

Did you know that under the Corporate Transparency Act (CTA) LLCs can face a $591 per day civil fine (which grows with inflation), and criminal penalties, including a $10,000 fine and/or up to two years of imprisonment, if you fail to file a Beneficial Ownership Information (BOI) report with the Financial Crimes Enforcement Network (FinCEN)? This report details the identities of an LLC’s owners. That means if you hold your home through an LLC  (not uncommon if you rent the

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