EDIT: I misspoke about this being an annual filing it is a onetime filing, unless you need to update the ownership information.
This video breaks down the new small business filing requirements with FinCEN.
It covers all of the common questions:
0:00 Introduction
3:45 What are the new requirement for LLC in 2024?
4:41 Who needs to file a BOI report? What is a Beneficial Ownership Investment (BOI) report?
Do all LLCs need to file BOI?
6:26 Who is exempt from BOI filing?
8:06 When do you file the BOI report?
9:07 What happens if you don't file a BOI report?
9:45 Who is included in the beneficial owner?
11:08 What is a FinCEN ID number?

BOI small business entity compliance guide (shown in the video): https://www.fincen.gov/sites/default/...

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