Navigating New Business Entity Reporting Under the Corporate Transparency Act with Ali Oromchian

Questions? Thoughts? Send a Text to The Optometry Money Podcast!

On today's episode, Evon is joined by Ali Oromchian, attorney with Dental & Medical Counsel, to review the new federal business entity reporting requirements under the Corporate Transparency Act.

They dive into which entities are required to report, what information is involved, deadlines to keep in mind, potential penalties, and more.

This impacts not only optometry practice owners, but also optometrists that own rental real estate in LLCs or partnerships and independent contractors or side businesses that created legal entities.

Have questions on anything discussed or want to have topics or questions featured on the show? Send Evon an email at [e-mail].

Check out www.optometrywealth.com to get to know more about Evon, his financial planning firm Optometry Wealth Advisors, and how he helps optometrists nationwide. From there, you can schedule a short Intro call to share what's on your mind and learn how Evon helps ODs master their cash flow and debt, build their net worth, and plan purposefully around their money and their practices. 

Resources mentioned on this episode:

• FinCEN Beneficial Ownership Reporting FAQs
• FinCEN BOI Small Entity Compliance Guide
• Ali Oromchian - Dental & Medical Counsel
• The Optometry Money Podcast Ep 89: 2024 Financial Updates Optometrists Need to Know
• The Optometry Money Podcast Ep 81: An Optometrist’s Guide to Estate Planning with Ali Oromchian, J.D., LL.M.

The Optometry Money Podcast is dedicated to helping optometrists make better decisions around their money, careers, and practices. The show is hosted by Evon Mendrin, CFP®, CSLP®, owner of Optometry Wealth Advisors, a financial planning firm just for optometrists nationwide.