Are the scammers laughing their asses off at you OR is there a 5AM raid being planned for your house tomorrow morning with you and your kids at gun point?

This segment will take a deep dive into an investigation of letters and other correspondences that members of the community have recently received.

If you have received something you are not quite sure about, send a copy of it to us and we will feature it on our next stream.

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1. Family (Your Sister)

2. Friends (Your Best Friend)

3. Friends of family (Your Sister’s Best Friend)

4. Family of Friends (Your Best Friend’s Sister)

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2 Years In Prison, $10,000.00 in Criminal Fines AND $591.00 / Day In Civil Fines.

You will be subject to these penalties if you don’t file this report in time!

Many companies are required to report information to FinCEN about the individuals who ultimately own or control them.
FinCEN began accepting reports on January 1, 2024.

As specified in the Corporate Transparency Act, a person who willfully violates the BOI reporting requirements may be subject to civil penalties of up to $500 for each day that the violation continues. However, this civil penalty amount is adjusted annually for inflation. As of the time of publication of this FAQ, [Updated April 18, 2024] this amount is $591.

A person who willfully violates the BOI reporting requirements may also be subject to criminal penalties of up to two years imprisonment and a fine of up to $10,000. Potential violations include willfully failing to file a beneficial ownership information report, willfully filing false beneficial ownership information, or willfully failing to correct or update previously reported beneficial ownership information.

A reporting company created or registered to do business before January 1, 2024, will have until January 1, 2025 to file its initial beneficial ownership information report.

A reporting company created or registered on or after January 1, 2024, and before January 1, 2025, will have 90 calendar days after receiving notice of the company’s creation or registration to file its initial BOI report. This 90-calendar day deadline runs from the time the company receives actual notice that its creation or registration is effective, or after a secretary of state or similar office first provides public notice of its creation or registration, whichever is earlier.

Reporting companies created or registered on or after January 1, 2025, will have 30 calendar days from actual or public notice that the company’s creation or registration is effective to file their initial BOI reports with FinCEN.

[Updated December 1, 2023]

FinCEN will begin accepting beneficial ownership information reports on January 1, 2024. Beneficial ownership information reports will not be accepted before then.

[Issued March 24, 2023]

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Robert Irvine’s great advise for any hotelier, motelier and innkeeper is to have a very clear financial picture.

Call us for a free one-hour financial analysis session for the clarity you deserve.

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1. Planning Stage:

You get an idea! Pre-revenue, You are the smartest person on the planet right now, and everybody agrees with you and loves every idea you come up with.

During the planning stage it’s a lot of fun for the owner because they’re planning and dreaming and imagining all the money they’re going to have and all the friends that they’re going to make and all the good things that are going to come their way while owning and operating this business.

There is a lot of arrogance in the planning stage.

It is very unlikely that you will allow or need anyone’s help or advise during this planning stage. The notion that someone could help you at this point is crazy. At this point, You know more than I do and there’s nothing that will change your mind about what you’re going to do in your business. You know everything there is to know about that business and you are the entrepreneurs of the world and of the year.

2. Infancy Stage:

After Launch, it’s just you and your business.

During the infancy stage at first it’s a lot of fun doing doing it doing it doing it busy busy busy you’re just learning how everything works and it’s exciting it’s like a new love it is very unlikely that you will need anybody’s help at that point because it is so brand new and so exciting, get out of my way I don’t want you here or need you here at this point.

Now the infancy stage last for a short-brief time until the honeymoon is over then it becomes harder and more difficult to do it do it do it busy busy busy, but instead of getting the right kind of help, you will go out and hire somebody, anybody to help you thus putting you into the Adolescent stage.

3. Adolescence Stage:

You Hire Someone. This is where you are experiencing some problems now, you need help, the right kind of help, systems, where did all my friends go?

Now, it will take some time for you to be in the Adolescent stage along with a lot of frustration and maybe some financial stress, this is the time for systems.

4. Maturity Stage:

This is growth & scaling. This can’t happen without the right kind of help and systems.

5. Retirement Stage:

Exit, sell, or simply goes out of business, now it’s time for someone else to take this beyond my wildest dreams! Sell the system not just a customer list or inventory list.

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