Who needs to file a BOI report | Corporate Transparency Act Explained

The Corporate Transparency Act (CTA) requires most U.S. businesses to disclose their ownership and beneficial interest structure by January 1, 2025, or face severe penalties.

In this video, we explain:

What the Corporate Transparency Act is.
Who needs to file a Beneficial Ownership Information (BOI) report.
Step-by-step instructions to stay compliant.

Avoid fines of up to $10,000 and even prison time by understanding your obligations. Learn about key exemptions, how to file online, and why this law is important.

File Here: https://boiefiling.fincen.gov/

Take action now to protect your business!

DM me on Instagram for any questions:   / attorneybishoy  

***After recording this video, the United States District Court for the Eastern District of Texas issued a preliminary injunction that halts the enforcement of the Corporate Transparency Act (CTA).

The government has appealed the ruling to the Fifth Circuit Court of Appeals.

The Court's temporary injunction applies nationwide, and relieves companies from having to comply with the CTA’s reporting requirements, enjoining FinCEN from nationwide enforcement of the CTA’s reporting requirements, and effectively staying the CTA’s January 1, 2025 reporting deadline.

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