Welcome to passive real estate investing, the show where busy people like you learn

how to build substantial passive income while creating wealth for the long term.

And now here's your host, Marco Santorelli.

Hello my friends and welcome to another episode. Now here's your host Marco Santorelli.

Hello, my friends, and welcome to another episode

of passive real estate investing.

And I'm your host, Marco Santorelli.

I'm always glad when you tune in and listen to our episodes.

Well, today's episode impacts pretty much everybody.

So listen through to the end.

It's not something that you want to miss.

Now, granted, it doesn't sound like an exciting episode topic when we're

talking about legislation and the corporate transparency act but this is something you

definitely need to know not just want to know well so what is it? What is the Corporate Transparency Act?

Basically it's an act that was enacted in the United States to address the issue of

money laundering. It's also there to address terrorist financing and other illicit activities by requiring certain

companies to disclose their beneficial ownership to the Financial Crimes Enforcement

Network. It's a government body also known as FinCEN,

but the primary aim of the CTA or the Corporate Transparency Act is to enhance transparency

and combat financial crimes.

But it also has implications for real estate investors and this is why I want you to pay attention

to today's episode and really understand what it's for and why it's there and why you need to

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