
How Will FinCEN's BOI Reporting Impact Your Business?
About this episode
🚨 Important Update for U.S. Corporations! 🚨 It is essential for every C-Corp, S-Corp, and LLC to file the Beneficial Owner Information (BOI) form with FinCEN. This update is crucial for all U.S. corporations, and non-compliance may result in a penalty of $10,000. 🔹 Who Needs to File? - If your company has owners holding over 10% interest, this is a must-watch!
🔹 DIY Filing Tips: - Filing is simple, secure, and free of charge. It takes about five minutes to complete the BOI form. Fincen has a friendly-website with an explainer video 👉 https://www.fincen.gov/boi to submit yourself.
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Disclaimer: All opinions expressed by the show's host and guests are their own. Do not construe them as tax, legal, or financial advice. In addition, they may not represent the policies or opinions of our sponsor, CryptoTaxAudit—research legal, tax, and financial guidance and advice as needed.
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