Ty Tweed

[Ty Tweed @TyTweed]

In 2020

- I grew this account to 9K followers
- I met a ton of amazing people
- I made over 10K online

All while learning more than I had the previous 5 years combined

Then

I gave up (It doesn’t end here I promise) 👇

[Ty Tweed @TyTweed]

@nickrgrs ME

[Ty Tweed @TyTweed]

@WrongsToWrite Based

[Ty Tweed @TyTweed]

@EgoDriv I hope you’re good my man

[Ty Tweed @TyTweed]

@JAKETRINDER_ A for sure

[Ty Tweed @TyTweed]

@wizofecom I remember you telling me bits and pieces of this back in 2020. Crazy to see the full background of everything, even crazier to how far you’ve come bro 🥂

[Ty Tweed @TyTweed]

@MrOverprayed QPC the elite McDonalds burger

[Ty Tweed @TyTweed]

@alexxsedlak Bro this is crazy

[Ty Tweed @TyTweed]

@blackhatwizardd New meme channel coming soon: Yappers Only

[Ty Tweed @TyTweed]

@MrOverprayed Both at the same time

[Ty Tweed @TyTweed]

@ericdiaz @kanyewest Bruh this rollout has been nuts lol. Some of the songs sound amazing so far though I hope he properly finishes them

[Torrey Dawley @torreydawley]

A mother of 3 is dragged to jail for two years.

What was her crime?

Shady deals with Ukraine?

Nope.

Forgetting to fill out a form for her $10K side business.

Yep.

She forgot to fill out a form, so men with guns arrive to her front door, where they'll put her in a cage alongside child molesters and armed thieves.

Who knew making candles was such a threat to society?

Where does this mother live?

North Korea?
China?

Wrong again.

America.

You know, "The Land of The Free."

Starting January 1, 2024, if you own a business entity in the US, chances are: you have to comply with the "Corporate Transparency Act."

Have you heard of it?

Unless you follow @caroljsroth , you probably haven't.

My clients and I have been discussing what to do for weeks.

Here are some highlights:

• You must file personal "Beneficial Ownership Information" with FinCEN, which puts you on a national law-enforcement database.

• It could take up to 3 hours to file, IF you know what to do. If not, get ready to pay your lawyer.

• You have until 12/31/24 if you owned the entity prior to 1/1/24. You have just 90 days when you start a new one in 2024. Then, starting on 1/1/25, you have just 30 whole days.

• You must file for each LLC (hooray LLC entities for rental portfolios!)

• You must remember to report any changes to the information within 30 days.

• Many large companies with deep lobbying pockets are exempt (surprise!)

• This applies to you too, Mr. World Citizen with that fancy LLC out of Wyoming. They may not be able to drag you to jail, but they will dissolve the entity and confiscate the assets.

Oh, and about those penalties. Take it straight from the horse's mouth:

"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. That person 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."

More info in case you need some light reading:

https://t.co/i80rc8rk6u

If you're in the US, now is the time to start contacting your Representatives to bark about this.

Once people realize the insanity of threatening imprisonment for neglecting an online form, the outcries will grow.

Make sure the reps know you're well aware of where they stand when November rolls around.

Finally, in case our Glorious Leaders retroactively make up rules to screw people speaking out about this: This is not financial advice. It's not business advice. It's not legal advice. It's not advice of any kind. Do your own due diligence. You alone are responsible for your decisions. Also, use the strength of your voice. Violence is wrong. Especially when it's at the hands of the government upon innocent citizens.

[Ty Tweed @TyTweed]

@EgoDriv How did I know what I’d find there

[Ty Tweed @TyTweed]

@Lewisthecoach So you tryna say you’d like to get on a call sir???

[Ty Tweed @TyTweed]

@TheJeffPutnam I have no choice but to approve of this 🫡

[Ty Tweed @TyTweed]

@cbwritescopy These look sick bro

[Ty Tweed @TyTweed]

@LaddLaddLadd

[Ty Tweed @TyTweed]

@TheSzef It helps when you’re building an amazing brand too, you’re crushing it on every level my man

[Ty Tweed @TyTweed]

@Lewisthecoach Why not 10 tho??

[Ty Tweed @TyTweed]

@WrongsToWrite BDE

It stands for Branding Done Excellently right?

[Ty Tweed @TyTweed]

@LogFitz6 Congrats bro!