$500 Per Day Penalty: How the Corporate Transparency Act May Affect Notary Entrepreneurs in 2024 and Beyond
Maybe you’ve heard of the Corporate Transparency Act. I had heard it, but I’ve been ignoring it because when I hear the word “corporate,” I think big business.
I was wrong.
As the government combats terrorism, money laundering, and other illegal activities, the Corporate Transparency Act is designed precisely to gain ownership information of small, mom & pop, or single person companies, or solo-preneurs.
This is us, notaries!
In many cases, notaries public who are doing business as an LLC, corporation, partnership, a fictitious name, or other registered entities will have to comply with the Corporate Transparency Act.
If we don’t file the information on time, by January 1, 2025, we may be subject to fines of $500 per day (and maybe even jail time!).
And if you’re thinking, “Oh well, what’s $500? Small price to pay.” That’s only assuming the government is efficient enough to notice you...
Free Training For Notaries on Estate Planning Documents
Did you know every living trust document package in every state requires 6-8 notarizations (or more)?
Your services are necessary and appreciated in the estate planning industry.
With this free training bundle, you'll get the foundational skills and insight you need to build this specialty niche for more service and more revenue.
Get More Attorney Clients!
This "new" specialty is the future for mobile and remote notaries! I went all-in on living trust presentations for estate planning professionals, and I created this FREE REPORT that details my strategy and the Top 25 Lessons I learned Marketing to Estate Planning Attorneys.
You won't believe this!
Free Report: How to Make $2,000 a Month as a Loan Signing Agent
No matter what is happening in the world, someone, somewhere, is buying, selling, or refinancing real estate. Every single one of those transactions requires a notary public. With brief additional training, and a willingness to meet clients at a convenient time and location, you can build the ultimate side hustle or business.
Flexible Schedule. Unlimited Income. Legitimate Business.
Become a Mobile Notary and Loan Signing Agent.