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Episode 48: Understanding BOIR: The Essentials for LLC Owners
Manage episode 457995171 series 3553013
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Welcome to the Seeds of Transformation Podcast! Today, we're going right for the gusto regarding The Beneficial Ownership Information Reporting (BOIR), which is a new federal requirement from FinCEN that mandates most LLCs and small businesses in the U.S. to disclose information about their ownership to increase transparency and prevent financial crimes.
The filing deadline is December 31, 2024. Missing this deadline could lead to daily fines of up to $500. Don’t wait—take action now to avoid penalties!
In ourtoday's Seeds of Transformation Podcast episode, we break down:
👉🏾 What BOIR is
👉🏾 Who needs to file
👉🏾 What information is required
👉🏾 How to file for FREE
👉🏾Why you should act NOW
👉🏾 Filing is straightforward at BOIR. Don’t procrastinate—stay compliant and protect your business. File here: https://boiefiling.fincen.gov
👉🏾 Copy and paste the BOIR pdf file here: file:///C:/Users/allma/Downloads/BOIR%20Report%20Filing%20Instructions.pdf
Disclaimer: This podcast episode has provided the direct link to the official website for your convenience and is intended for informational purposes only. Please note, if the BOIR registration is not filed by your business, The Seeds of Transformation Podcast is not responsible for any penalties or consequences. This episode is a resource to empower all LLC owners to take necessary action promptly. It is your responsibility to ensure compliance with the BOIR requirements.
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