We’ve all seen the signs pointing toward an economic downturn. No one wants to be caught unprepared like so many investors and real estate owners were when the last big recession hit in 2008.
In May 2018, the Financial Crimes Enforcement Network (FinCEN) issued a new rule called the Beneficial Ownership Rule. In a nutshell, this rule helps to prevent money laundering, the handling of terrorist property, and similar illegal activities. However, if you own real estate as part of a company, this new rule could impact you too. […]