The Beneficial Ownership Information (BOI) reporting requirement is in effect for all small businesses formed as LLCs in the US. (This includes sole proprietors, partnerships, and S-Corporations.)
This is a simple, yet important filing that must completed (and updated as changes occur within your business) in order to avoid penalties assessed by the Financial Crimes Enforcement Unit (FinCEN).
Penalties for willfully violating this filing requirement include civil penalties up to $591/day and possible criminal penalties of up to 2 years' imprisonment and a $10,000 fine. Yep - the IRS isn't the only agency that small businesses need to worry about!
Join us for an overview of this filing requirement, and a quick walk-through on completing this form. We'll go over:
- What is FinCEN and the BOI?
- Who needs to file?
- Who are beneficial owners?
- When are the filing deadlines?
- What are the penalties for not filing?
- Where to file this report quickly and easily
If you aren't able to attend the live webinar, a replay will be sent to registrants.
Registration closes November 17, 2024
This FREE event is open to all small business owners. Please feel free to share this event with others. Let's become an empowered community!
