This video is a mustwatch for LLC owners, offering a comprehensive guide to the new Beneficial Ownership Information Report (BOI), a requirement effective from 2024. We cover everything you need to know about how this new legislation specifically impacts LLCs, outlining the steps for compliance and the penalties for failure to report. Stay informed and ensure your LLC adheres to these crucial legal updates.

TIMESTAMPS
0:55 1 What is Beneficial Ownership Information
1:40 2 Does My Company Have to File
2:19 3 What Companies are Exempt
2:47 4 What is a Large Operating Company
3:42 5 What Happens if my Company Does Not File
4:20 6 Who is a Beneficial Owner
5:02 7 Who Will have Substantial Control
5:32 8 What is an Ownership Interest
5:56 9 Does My Company Have to Report its Applicants
6:46 10 Who is a Company Applicant
7:44 11 What Info has to be Reported
9:11 12 What's a FinCEN Identifier and how to use
9:41 13 When Should My Company File
10:51 14 How Does My Company File
12:10 15 Keep Your Info Current



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