Avoid $500/Day Fines! Top 10 BOI Report Questions Answered!

The Corporate Transparency Act requires all reporting business owners to submit a beneficial owner information (BOI) report. This new requirement impacts a lot of hair business owners, so make sure you understand how this may or may not impact you.

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00:01 Intro
00:49 Summary of all questions
01:44 Do you have to file the BOI report?
03:49 Why do I have to file this new BOI report?
05:44 Do I have to file the BOI report if my LLC is inactive?
07:32 When do I have to file the BOI report?
08:46 What type of information goes into the BOI report?
09:45 How long does it take to complete the BOI report?
10:06 Do I have to submit the BOI report annually?
10:41 What are the penalties for not filing the BOI report?
11:10 Does it cost to file the BOI report?
11:55 Who can file the BOI report for me?
12:10 What are the steps to file the BOI report myself?
12:59 Can you file this BOI report for me?
14:15 Summary and wrap up

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DISCLAIMER

This video is for informational purposes only and may not be accurate for your unique situation. Before applying anything stated in this video, please consult with your tax or legal advisors. For unique tax situations, please consult with your tax advisor. Thanks for watching!