Corporate Transparency Act?

[Kathryn Rudlin, LCSW]

Does anyone know if this new legal requirement applies to therapist's in private practice? It seems it might if one is an LLC, how about for those of us who are sole proprietors?  

Kathryn Rudlin, LCSW

[Michael Rogers]

According to https://www.fincen.gov/boi-faqs#A_1

“ C. 6. Is a sole proprietorship a reporting company?

No, unless a sole proprietorship was created (or, if a foreign sole proprietorship, registered to do business) in the United States by filing a document with a secretary of state or similar office. An entity is a reporting company only if it was created (or, if a foreign company, registered to do business) in the United States by filing such a document. Filing a document with a government agency to obtain (1) an IRS employer identification number, (2) a fictitious business name, or (3) a professional or occupational license does not create a new entity, and therefore does not make a sole proprietorship filing such a document a reporting company.

Thank you & Take Care, 

............0

........_./-._

.......(_)>(_)

Mick J Rogers, PhD, LCSW, MBA

Clinical Social Worker in Private Practice

Practicum Faculty Advisor at Smith College School for Social Work

he / him / his

C: (530) 320-1075 

mro...@smith.edu 

mickjro...@gmail.com

mickj...@sbcglobal.net 

https://smith.zoom.us/my/mick.j.rogers.phd.lcsw

On Oct 3, 2024, at 12:08 PM, Kathryn Rudlin, LCSW <krudl...@att.net> wrote:



Does anyone know if this new legal requirement applies to therapist's in private practice? It seems it might if one is an LLC, how about for those of us who are sole proprietors?  

Kathryn Rudlin, LCSW

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