File The BOI Report Yourself Step-By-Step - Don't pay someone! [FinCen new LLC filing requirement]
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- Опубликовано: 21 июл 2024
- How do you file your boi report for Fincen?
This video walks you through filing the beneficial owner information report with fincen (BOI) yourself. It's super simple and you definitely do not need to pay someone to do this for you.
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I think this filling requirement is being contested in court as being unconstitutional. So for those whose businesses existed before 2024 can probably wait to see if a decision is made before end of year since they have until Jan 1, 2025 to file.
Thanks for the video! It was super helpful!!
Thanks a lot for your video. Super helpful!!!!!!!!
Thank you for this video.
Great content thank you so much for the video how do we find out more about your courses
Double Clap for this vid!!
What do I do if I'm closing my LLC this year? Is there a "Final" form I also must file? Or is there a way to denote I'm closing the company (or closed the company) in the Initial filing?
Hey Amanda...thanks for the video. What about filing foreign entities in other states? Should 2024 entities be filed within 3 months? There are issues within the legality of FinCen, correct?
There's no legal issues that have changed anything yet. It's probably a ways away if anything does get legally changed. It doesn't effect anything by being a foreign entity. You just use your domestic state info for this filing. Yes, 2024 formed entities get 3 months. For 2025 entities and going forward it will be 30 days to file. And if the business was formed before 2024, you have until 12/31/24 to file.
Great info! So I have a weird situation, just wondering your thoughts on. I have an old LLC I never ended up using, never had an EIN number issued, to the IRS the business is inactive, but to the state I just found out it is still an active business apparently, I'm going to start the process of doing a dissolution, but I think I still need to report to FinCen, however I can't get beyond the first page of the application without an EIN. Do I request an EIN now just to file the BOI? Any tips would be much appreciated, thanks!
Since your business was formed before 2024, the report isn't due for you until 1/1/25 so I would just file the paper work to dissolve the LLC. It should be very easy
Hi! I wonder about what you said regarding the Company Applicant section. I read or watched somewhere that if I payed someone… yes I was so busy and afraid to make a mistake that I payed our accountant to register the company with the state, then I have to enter their information under the Company Applicant. And our information goes under Beneficial Owner… Now I am confused. 🤔
No - company applicant is not asking who set up your business - it's asking who is filling out THIS BOI filing and it sounds like that's you. And yes, like I explained in the video, you would also go under the beneficial owner if that you!
What if I need to make a correction because I put it in the wrong name ? I see where it says to make a correction, but then it asks me for the name that I made the original filing but I need to change the name?
Try entering - it as it was when it asks that and then it should allow you to change things. I don't know though - the name might not be something you can change. You might need to start over, but I would try it first. If it doesn't work, maybe contact them and ask them.
What if an entity like a Trust owns the LLC. How to put the beneficial owner info ?
That's the entity type of an owner
Is this a yearly requirement or once and update as ownership changes?
One-time and then if something changes you can update it