72. All LLC Owners MUST File This *NEW* Federal Report! Here's What You Need to Know About The BOI!
Episode Highlights
0:00 - LLC BOI Report Filing Requirements
9:00 - Tax Tips Podcast Epilogue
Episode Summary
Have you heard of the new Beneficial Ownership Information Report that must be filed by all LLC owners in the U.S?!? This is the first year it is required and it is due quickly if you filed a NEW LLC in 2024. It's due by the end of the year if you file for an LLC established before 2024!
In this episode we explain what this new BOI report is and help you understand everything from the filing process on the FinCEN website to the substantial penalties that will be assessed if you forget(!).
We lay out all the info you need to meet the critical deadlines and explain when you might need to refile. This episode is SO important for all LLC owners! Send this to everyone you know who has an LLC!
Here's where you can find us! Follow along on Instagram for lots of free content for business owners daily!