This video saved me $200. As a new business owner I had no idea I had to do these kinds of things, it's very overwhelming. Thank you for making this video so easily accessible and understanding how things work.
I am still confuse as I want to file non us resident llc this feb. on my us corporation demand 400$ extra to keep agent and to file this. which i dont even know if i will ever need them or not
Thank you so much for this video. It was explained very well! My CPA was charging me $350 and told me it was very difficult to do! I can't believe how easy it is and how she made me feel like I was too stupid to understand how to do this! I'm glad for people like you here on youtube. Thanks again.
I love that you speak normal English, and not finance language. You saved me $595 for my CPA processing such an easy thing I was able to do from your video! Thank you! I want to hire you now!
Thank you so much. My registered agent was charging $450 per entity and I have eight entities. And that was the today price and it was going up double next week. That is insane. Your video saved me thousands. You are amazing!!!
As I am reading through the comments, I am so grateful that you are not only helping me, but so many others to save money or have more money to reinvest into our businesses. I am honored to have found you as I echo the other comments, that you have truly been a blessing in disguise by helping us with this process. I am telling everyone about you and will also be checking you out this tax season coming. Thank you so much.
I freaked out cause i heard about this form and the $500 a day penalty. I had not filed it and I filled it out and submitted today with the help of your video and then i got to the end with it saying I had until the end of the year and the stress went away. Thanks for saving me $100 back to building my business
When my service tried charging me to file for an EIN, I learned to not to trust them, so when they emailed about the BOI report I knew better than to hire them to file it. Thank you for your tutorial!
Hi James you mentioned company applicant is the person who help you filed BOI if you don't have one and you are doing it on your own no need to complete that section. Correct!!
If u don't want to pay your cpa do it yourself. You have no idea the cost and time required to be a cpa. So do it yourself. Cpas only have TIME to sale. What do u sale! I have to pay a shoe up fee of $100 for an electrician to come to my house. That's added to the cost of his services once he works. Same goes for mechanics as well as dentist and doctors. You should advertise that you can do it for anyone for as little asc$10
Thanks for a useful video, like all your other videos. I note your comment about the BOI report needing a US address but that doesn't belong to a RA (Registered Agent). What I find strange is that a RA I know says that the Corporate Transparency Act effectively prevents using the RA address for the IRS also. I find this difficult to believe. Comments very welcome.
Just wanted to say thank you for being clear on the US address. The cant use the registered agent address is very confusing since that technically is the business address. But you are the first person in days of research to answer this. Thanks!
Hello I have the same problem and I have contacted Fincen and they have told me that I must put the address that was present in my LLC, but it is the same address as my registered agent, the company that I have contracted has told me that I must fill in the BOI only with my details in the personal fields without giving details of my registered agent, maybe if I do this and then put the address of my company even if it is the same as that of my agent it may work.
thanks for this video, about to save money. My CPA sent me an email offering to do this for me for a few hundred bucks, seems super simple and something I can do myself. thanks for the all the info.
Hi James, Thank you for explaining and showing BOI Report filing. Your videos are amazing. Love your content. They are precise and Crystal. As a brithday present I am subscribing to your channel as requested ;). That's the least I could do for you. Keep up the good work. Your efforts help thousands of users like us in clarifying our concepts and queries. Peace out!
Why do we all just allow the government to keep doing things like this? Just keep ADDING AND ADDING to the already incredibly challenging process of starting a business. The government do not want you to start a business. They want us all working wage jobs forever. We should have rejected this as a people.
fines up to $590 a day, and serve up to 2 years in prison. For not wanting to give up more of your personal information? and you don't hear a whisper of this on main stream media; it seems like everybody depends on them to think it seems. So many of my friends and family are going to get caught in this, and the governments are going to have them. This is huge and it seems that no one really noticed.
@@balfourwheatley6644 and if you don't comply, you will be thrown in federal prison. George Washington would have a heart attack if he saw what his country has become.
This is the federal government finding new ways to generate revenues for its global ambitions while taking advantage of the most gullible people on the planet who allows its government to create all types of taxes and ponzi schemes to keep its citizens poor or just above it. It never amazes me how many times they have used national security and protecting the US as the means to screw its residents. At some point in the future you will be all working in a communist country with the face of a democratic republic. Imagine paying gas tax to build roads then these insects strategize a way to have people pay to drive on the same roads that tax money built with the claim it speeds up traffic. Why is the government always out of money?
Your version is not really step-by-step in the beginning it looks as if you're pressing on BSA but that's more like for financial institutes. It's just a little confusing. That's all thanks for the info. I was able to find another great video by someone else who really helped bye
Very clear video that partially answered to my question regarding the address of the Llc we just established. Law it's very confusing because we used the registered agent address (Northwest ) but to fill the Boi can't use that. We don't have a phisical address because we don't need it and at same time I don't want to use my personal address as a shareholder. Considered that company is registered in Nevada can we use street address of a friend of us in Vegas who agrees to do that? The registered agent wasn't able to answer to my question. Thank you
What is the Identifying document number? Question #49 for DL#? How do we find the the correct information of what is the identifying document number? Thank you
I truly appreciated this video, you saved me $350, thank you very much! On the other hand, I put my llc and dba in the same application is that right or, am I supposed to separated them?
If we opened our business before 2024 do we have to do this? I did it anyway. So - this address should be a mailing address, not an address per say that is in the state where the business is located? Why didn't we all get notified to do this by mail!? Thanks for this info!
Thank you for your help, liked and subscribed. I look forward to seeing more helpful videos. As a new business owner, I seek for more content that can help me on my path and avoid the already established companies who aim to take advantage of new entrepreneurs. Don't get me wrong, some can help, although as a freshly newly formed entity, I need to do what I can to grow through my startup. Your video was detailed and thorough. You did a good job explaining all the steps and showing examples. Thumbs up to you and your editors!
I really love precious advice provided by Baker - if you don't have a US address, use the best US Address you have got. What if I don't have ANY US address? as per baker's advice, you still have to use US address even if you don't have one. Great advice, thanks a lot!
This is a great video and self explanatory. Though I have a question. I registered an LLC before Jan 2024. Never used it , and never filed for EIN/TIN. What do I put for EIN/TIN if I do not have one? I am stuck at this step and preventing me from completing this form.
Very insightful and easy to follow. One question, I put my business address for myself in the beneficial owners section. Should I edit and change to my home address?
Thank you for the helpful information, question do I still can fill it if is the first time and I don’t have the fincen number? My company was created in 2023 ?
This requirement is BS. What if I travel a lot? What if I live in two different states depending on the season? Sounds like I have to check in with big brother every time I exercise my own freedom of movement.
Why does it automatically take you to Next & end the filing instead of allowing you to enter other beneficiarys. Does each beneficial owner have to enter a form?
Thank you for the info, but how are we supposed to get the company applicants license to upload? Everything else is easy to fill out or what if I did use Swyft filings and online business? EDIT: Is it true that if the entity was formed before Jan 2024 we don't need to fill that section out?
What if the owner of LLC passed away and the LLC is shut down in 2024. What is the BOIC filing requirements? I can find no info on this scenario anywhere.
Hi! Thanks for the info! I have 3 LLCs I filed for. 2 single LLCs and 1 partner LLC. When I filed the partner LLC it only let me put in my info. I didn't see anywhere that I could add my partners info. Or do they only need one persons info?
![File The BOI Report Yourself Step-By-Step - Don't pay someone! [FinCen new LLC filing requirement]](http://i.ytimg.com/vi/7cL9DFmMi68/mqdefault.jpg)
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This video saved me $200. As a new business owner I had no idea I had to do these kinds of things, it's very overwhelming. Thank you for making this video so easily accessible and understanding how things work.
So if I have more than one owner of my company would I have to submit all the details of both owners or would one be enough?
I am still confuse as I want to file non us resident llc this feb. on my us corporation demand 400$ extra to keep agent and to file this. which i dont even know if i will ever need them or not
Hi! Follow the link in bio or find me at www.jamesbakercpa.com/ for a free consultation! 😁
@@midtownguitars All owners with at least 25% ownership must file.
20$
Thank you so much for this video. It was explained very well! My CPA was charging me $350 and told me it was very difficult to do! I can't believe how easy it is and how she made me feel like I was too stupid to understand how to do this! I'm glad for people like you here on youtube. Thanks again.
Thanks for watching and commenting I'm happy it helped
Time to change your CPA lol
Get a new CPA
That’s what they do they make u feel to rely on them but James is da G-d
my CPA said $199 I told her let me try and do it myself if i can't figure it out then i will call her
THANK YOU!!!! Our CPA gave us the "letter" about this that was 4 pages long and included a healthy fee. You just saved me a BUNCH of money! Thanks.
Perfect! I don't charge for this I do it for clients or send them this link lol. Thanks for the comment
2009 fairington spoof
3:42
2009 fairington spoof
3:42
2009 fairington spoof
3:42
Now
Straight to point. Slice and dice. No BS. Thanks James.
I love that you speak normal English, and not finance language. You saved me $595 for my CPA processing such an easy thing I was able to do from your video! Thank you! I want to hire you now!
Thank you so much. My registered agent was charging $450 per entity and I have eight entities. And that was the today price and it was going up double next week. That is insane. Your video saved me thousands. You are amazing!!!
This was very helpful and saved me $800 total for four entities! Thank you for this valuable information
As I am reading through the comments, I am so grateful that you are not only helping me, but so many others to save money or have more money to reinvest into our businesses. I am honored to have found you as I echo the other comments, that you have truly been a blessing in disguise by helping us with this process. I am telling everyone about you and will also be checking you out this tax season coming. Thank you so much.
This video was a GOD SEND!!! I followed it step by step, getting it DONE!
I freaked out cause i heard about this form and the $500 a day penalty. I had not filed it and I filled it out and submitted today with the help of your video and then i got to the end with it saying I had until the end of the year and the stress went away. Thanks for saving me $100 back to building my business
Was your business created before 2024?
I have 5 LLC's - you just saved me $1,250. Thanks! Subscribed.
Thank YOU! We are a non-profit organization and do not have an accountant. I did it myself and you made it so easy, thank you.
When my service tried charging me to file for an EIN, I learned to not to trust them, so when they emailed about the BOI report I knew better than to hire them to file it. Thank you for your tutorial!
Thank you for an easy to follow step-by-step video on how to file.
Thank you for walking me through this. Saved me $400 charge from my tax guy.
This was an excellent presentation that provided great detailed instructions on how to process this report. Thanks.
Hi James you mentioned company applicant is the person who help you filed BOI if you don't have one and you are doing it on your own no need to complete that section. Correct!!
I appreciate your time to make this great video. Thank you, you ROCK!
Better that a Gieco commercial! I just saved $1.400 in 30 minutes! :) Thanks James!
Thanks so much James. Awesome explanation 🤝🤝
My current CPA at Xendoo sent me this. Filed on my own. Thank you!
Why I didn’t see this video before? I had to pay $200 dollars today to my CPA! 😢 I didn’t know that was very simple to do it ! Thanks for the video .
Next time before you pay your CPA for anything, check James Baker or youtube on how to fill any report.
If u don't want to pay your cpa do it yourself. You have no idea the cost and time required to be a cpa. So do it yourself. Cpas only have TIME to sale. What do u sale! I have to pay a shoe up fee of $100 for an electrician to come to my house. That's added to the cost of his services once he works. Same goes for mechanics as well as dentist and doctors. You should advertise that you can do it for anyone for as little asc$10
This video is very easy to understand and follow! I will be sharing this with my friends who all have multiple LLCs! Thank you!!
Thank you so much! This saved our office $1,000 ($500 per entity)!
Thanks for posting this. Saved stress of worrying how to file.
Thanks for a useful video, like all your other videos. I note your comment about the BOI report needing a US address but that doesn't belong to a RA (Registered Agent). What I find strange is that a RA I know says that the Corporate Transparency Act effectively prevents using the RA address for the IRS also. I find this difficult to believe. Comments very welcome.
Thanks, James, and late Happy B-Day!
Thanks Video saved me $250..you made it so easy!!
Thank you for explaining it clearly.🙏
Keep up the good work.
Happy Belated 🎂 Birthday. God bless 🙌
Thank you for all the great info! I wish taxes wasnt such a stressful thing, but you made a difference for my wife and I today.
No, YOU are the best!! Thank you so much for creating this video. I had no idea, until today, that I had to file this form. Thank you, James❤
DUDE!
You are the BOI GANGSTAH!!!
I am super grateful AND now I am a JB CPA Subscriber.
they were going to charge me $950 here in Miami , insane , thank you
This Video saved me $800. for both my companies! Thank you
This video was extremely helpful. Saved me a ton of anxiety. Thank you.
Just wanted to say thank you for being clear on the US address. The cant use the registered agent address is very confusing since that technically is the business address. But you are the first person in days of research to answer this. Thanks!
So what address can be used to type in if we are non-US residents? I still don't get it.
The same question
What is meant by, “the best address you got.” ? The only address I got is the one from my registered agent.
Hello I have the same problem and I have contacted Fincen and they have told me that I must put the address that was present in my LLC, but it is the same address as my registered agent, the company that I have contracted has told me that I must fill in the BOI only with my details in the personal fields without giving details of my registered agent, maybe if I do this and then put the address of my company even if it is the same as that of my agent it may work.
@@holaslashie9810 hey did you find out how about this? 🙏
thanks for this video, about to save money. My CPA sent me an email offering to do this for me for a few hundred bucks, seems super simple and something I can do myself. thanks for the all the info.
Thank you for doing the Lord's work out here!
Hi James,
Thank you for explaining and showing BOI Report filing. Your videos are amazing. Love your content. They are precise and Crystal. As a brithday present I am subscribing to your channel as requested ;). That's the least I could do for you. Keep up the good work. Your efforts help thousands of users like us in clarifying our concepts and queries. Peace out!
James -- Thank you for preparing this for us!
Very helpful sir! Thank you. I have subscribed to your channel and will send this video out to all of our business clients that our company coaches.
Thank you very much . The question is - do we need to submit info for every ownerr/ member of the company ?
THANK U JUST SAVED ME $150 AS A NEW LLC OWNER THNX AGAIN
you are telling me this is FREE and the accounting service I already use wants to charge me $150?! thanks for making this!
Why do we all just allow the government to keep doing things like this? Just keep ADDING AND ADDING to the already incredibly challenging process of starting a business. The government do not want you to start a business. They want us all working wage jobs forever. We should have rejected this as a people.
fines up to $590 a day, and serve up to 2 years in prison. For not wanting to give up more of your personal information? and you don't hear a whisper of this on main stream media; it seems like everybody depends on them to think it seems. So many of my friends and family are going to get caught in this, and the governments are going to have them. This is huge and it seems that no one really noticed.
Easy money for them.
@@balfourwheatley6644 and if you don't comply, you will be thrown in federal prison. George Washington would have a heart attack if he saw what his country has become.
Thanks!
If you are filling this form out yourself, what do you put in the company application section?
Thank you! You saved me some money. As a new BO, every $ counts!
thanks for walking us through this ridiculous process!
This is the federal government finding new ways to generate revenues for its global ambitions while taking advantage of the most gullible people on the planet who allows its government to create all types of taxes and ponzi schemes to keep its citizens poor or just above it.
It never amazes me how many times they have used national security and protecting the US as the means to screw its residents.
At some point in the future you will be all working in a communist country with the face of a democratic republic. Imagine paying gas tax to build roads then these insects strategize a way to have people pay to drive on the same roads that tax money built with the claim it speeds up traffic.
Why is the government always out of money?
The website rejected me three times, and I couldn't figure out why. I filled out the form following your video, and boom! Thank you!
Thank you, just saved $300!
I just completed the form I’m so thankful for this info you provide. I just followed you
This video saved me $250! Thank you for your time!!
Thanks for the comment I'm glad it helped
Your version is not really step-by-step in the beginning it looks as if you're pressing on BSA but that's more like for financial institutes. It's just a little confusing. That's all thanks for the info. I was able to find another great video by someone else who really helped bye
Where?
Very clear video that partially answered to my question regarding the address of the Llc we just established. Law it's very confusing because we used the registered agent address (Northwest ) but to fill the Boi can't use that. We don't have a phisical address because we don't need it and at same time I don't want to use my personal address as a shareholder. Considered that company is registered in Nevada can we use street address of a friend of us in Vegas who agrees to do that? The registered agent wasn't able to answer to my question. Thank you
What is the Identifying document number? Question #49 for DL#? How do we find the the correct information of what is the identifying document number? Thank you
SOOOO Helpful, I still have to find time do this but I will definitely share this video with other business owners, thank you!
Perfect thank you! do you have one for State Compliance Filings Renewal?
Thank you! Sharing it with all my small business friends & family owners! Very helpful!
Thank you I appreciate you!
I truly appreciated this video, you saved me $350, thank you very much! On the other hand, I put my llc and dba in the same application is that right or, am I supposed to separated them?
Thank you I found out about this about an hour ago
Thanks a lot for your work!! This video and your easy explanation really helped 🤓🙌🏻
If we opened our business before 2024 do we have to do this? I did it anyway. So - this address should be a mailing address, not an address per say that is in the state where the business is located? Why didn't we all get notified to do this by mail!? Thanks for this info!
Question: Please do the small non-profit organization with no assets or money, and it's already closed required to do this report.
Thanks
Thank you for your help, liked and subscribed. I look forward to seeing more helpful videos. As a new business owner, I seek for more content that can help me on my path and avoid the already established companies who aim to take advantage of new entrepreneurs. Don't get me wrong, some can help, although as a freshly newly formed entity, I need to do what I can to grow through my startup. Your video was detailed and thorough. You did a good job explaining all the steps and showing examples. Thumbs up to you and your editors!
I really love precious advice provided by Baker - if you don't have a US address, use the best US Address you have got. What if I don't have ANY US address? as per baker's advice, you still have to use US address even if you don't have one. Great advice, thanks a lot!
What about a Condominium Association? Who would be the beneficiary of the Condominium?
Now I found my Mentor On youtube Finally!!!
This is a great video and self explanatory. Though I have a question. I registered an LLC before Jan 2024. Never used it , and never filed for EIN/TIN. What do I put for EIN/TIN if I do not have one? I am stuck at this step and preventing me from completing this form.
Thank you so much for doing this. Glad I can check this off my to do list. Check and easy to understand with a dose of common sense.
Thanks Sir Pretty Seamless, I will get these done today, Lets make that profit
Man that was awesome, you just saved me 1200 bucks lol Subscribed!!
Thank you. What is your website, please. This video saves me a lot.
Great video. Clear and to the point. Thanks so much for doing this!
Thanks for watching!
Very insightful and easy to follow. One question, I put my business address for myself in the beneficial owners section. Should I edit and change to my home address?
You’re my hero! Thank you so much saved me $149
Hi, Could you please tell me what license or certificate do I need to do to stay in compliance after having LLC in New York State
so as long as the filing says "filing successful"everything is good to go?
Thank you for sharing...Done!
Thank you for this video. informative and straight to the point. helped me save money.
Thank you for the helpful information, question do I still can fill it if is the first time and I don’t have the fincen number? My company was created in 2023 ?
Do you have to list both owners under company beneficiaries (both owners)
super helpful! was so worried about this process but this video helped me greatly.
Thanks! You saved me $500
Thanks James. I just have to find sometime to go thru. Very easy. Save some money
You saved me $600 thanks!
if there are two owners, you file one for each beneficial owner >25%?
Hi. Do Florida not for profit religious organizations have to apply fora BOI? Thanks.
This requirement is BS. What if I travel a lot? What if I live in two different states depending on the season? Sounds like I have to check in with big brother every time I exercise my own freedom of movement.
Why does it automatically take you to Next & end the filing instead of allowing you to enter other beneficiarys. Does each beneficial owner have to enter a form?
Thank you for the info, but how are we supposed to get the company applicants license to upload? Everything else is easy to fill out or what if I did use Swyft filings and online business? EDIT: Is it true that if the entity was formed before Jan 2024 we don't need to fill that section out?
Well done. You earned a subscriber.
Alot of Accountants gonna be pissed!! 😂😂😂 Dam RUclips Advisors!!🤣
Thank you for showing this video as it provided me with some great help to get my BOI Report filed.
Thank you for this video!
Do every owner or stakeholder have to file separately? Or, just an individual on behalf of all owners?
What if the owner of LLC passed away and the LLC is shut down in 2024. What is the BOIC filing requirements? I can find no info on this scenario anywhere.
Sorry for the question.. what do we put for question #49?
Hi! Thanks for the info! I have 3 LLCs I filed for. 2 single LLCs and 1 partner LLC. When I filed the partner LLC it only let me put in my info. I didn't see anywhere that I could add my partners info. Or do they only need one persons info?
Thank you for walking me through this!
This video just saved me $400. Thank you