How To File Beneficial Ownership Report with FinCEN | Corporate Transparency Act | BOI Report Filing

Filing Your BOI Report with FinCEN | Corporate Transparency Act | Legal Compliance | CTA Compliance | How to File a Beneficial Ownership Information Report | Help Filing BOI Report

CHAPTERS
00:00 - Introduction to the Corporate Transparency Act
00:30 - WHAT is a B.O.I. Report and WHO has to file?
1:53 - HOW do you file a BOI Report?
2:30 - Step by Step guide to filing your BOI Report
5:16 - Tips for Filing your BOI Report
7:03 - FinCEN Resources
7:28 - Outro / See ya!

Disclaimer: This video is for informational purposes only and does not constitute legal advice. Please consult with an attorney for personalized guidance on your specific situation.

Beginning on January 1, 2024, many companies in the United States will have to report information about their beneficial owners, i.e., the individuals who ultimately own or control the company. They will have to report the information to the Financial Crimes Enforcement Network (FinCEN). FinCEN is a bureau of the U.S. Department of the Treasury.

Your company may be a reporting company and need to report information about its beneficial owners if your company is:
1. A corporation, a limited liability company (LLC), or was otherwise created in the United States by filing a document with a secretary of state or any similar office under the law of a state or Indian tribe; or
2. A foreign company and was registered to do business in any U.S. state or Indian tribe by such a filing.

Reports will be accepted starting on January 1, 2024.
• If your company was created or registered prior to January 1, 2024, you will have until January 1, 2025, to report BOI.
• If your company was created or registered on or after January 1, 2024, and before January 1, 2025, you must report BOI within 90 calendar days after receiving actual or public notice that your company’s creation or registration is effective,
whichever is earlier.
• If your company was created or registered on or after January 1, 2025, you must file BOI within 30 calendar days after receiving actual or public notice that its creation or registration is effective.
• Any updates or corrections to beneficial ownership information that you
previously filed with FinCEN must be submitted within 30 days.

:)

Don't miss out on this opportunity to stay informed and safeguard your small business. Subscribe to my channel and hit the notification bell to never miss another valuable legal update!

CONNECT WITH KAE: @lawyerkae

GRAB YOUR FREE SMALL BIZ LEGAL ROADMAP: DM for the link!