Step By Step Tutorial: How to File Your Beneficial Ownership Information (BOI) Report

#cta #corporate #transparency #noprivacy #corporation #entrepreneur #newreporting #businesslaw #entrepreneurship #corporation #llc #ownership #business #corporatetransparency #disclosure #corporatetransparencyact
As of January 1, 2024, the Financial Crimes Enforcement Network (FinCEN) has implemented the Corporate Transparency Act (CTA). The CTA requires all beneficial owners, which includes any individual who owns or controls at least 25% of a reporting company to file this report.
Failure to comply may subject a person to civil penalties of up to $500 for each day that the violation continues. So, this video is a tutorial for filing your BOI report so that you are good to go!
//OTHER RELEVANT CONTENT
Corporate Transparency Act Resources:
- www.fincen.gov/sites/default/...
- www.fincen.gov/sites/default/...
- www.fincen.gov/sites/default/...
- **REPOST**: Small Business Owners, Have You Heard of the Beneficial Ownership (BOI) Report? | • **REPOST**: Small Busi...
- How to Prepare for the Corporate Transparency Act | • How to Prepare for the...
- Advice for Small Business Owners | • Advice for Small Busin...
- For Entrepreneurs and Business Owners Playlist | • For Entrepreneurs & Bu...
//OTHER RESOURCES
- TLO Website: talbertlawoffice.com/
- Schedule a Consultation: hello.dubsado.com/public/appo...
TLO Marketplace: talbertlawoffice.com/tlo-mark...
//FOLLOW:
- KZread | @‌talbertlawoffice
- Instagram | / talbert_law_office
- LinkedIn | / talbert-law-office-apc
//TALBERT LAW OFFICE, APC
My name is Maresa Talbert, and I am a business and intellectual property attorney. In 2018, I started Talbert Law Office, APC after being unhappy with the corporate law firm environment. Since then, my top three priorities have been to (1) deliver premiere legal services at transparent rates; (2) provide culturally-relevant legal education; and (3) empower my community to create their own pathways, protect their brands and creative assets, and build legacy! If you are interested in protecting your brand or business, feel free to schedule a consultation:
For business and partnership opportunities, please email admin@talbertlawoffice.com
//DISCLAIMER:
The information on this website is considered advertising under applicable California law and may be considered advertising under your state's laws and ethical rules. This website/channel/profile and its contents are offered for informational, promotional purposes only and is not legal advice. No representations, testimonials, or endorsements on this web site constitute a guarantee, warranty, or prediction regarding the outcome of any legal matter. No attorney-client relationship is created between you and Talbert Law Office, APC or its attorneys by viewing this website, by completing our online form, or by contacting our attorneys. Only after Talbert Law Office, APC confirms in writing that it has accepted you as a client is an attorney-client relationship formed. Talbert Law Office attorneys are admitted to practice in California, and may handle trademark or copyright registrations in any U.S. state or territory.

Пікірлер: 53

  • @CindyJean-Pierre
    @CindyJean-Pierre2 ай бұрын

    Thank you for simplifying this process as well as saving money!!!!!!

  • @vladvega875
    @vladvega8757 сағат бұрын

    Thank you so much; very helpful!

  • @elhuds
    @elhuds6 ай бұрын

    Thank you for the walk-through. That was very helpful.

  • @martinfelix4203
    @martinfelix4203Ай бұрын

    If the LLC was created on or after January 1st 2024 you have 90 days left, no 30. 30 days are for LLC created on or after 01/01/2025.

  • @nataliyac8699
    @nataliyac86995 ай бұрын

    Thank you! I was dreading this but it doesn’t seem as bad after watching this video!

  • @vladimiretienne5656
    @vladimiretienne56565 ай бұрын

    thank you! I’m a new business and was nervous about submitting this. You were so helpful thank you 🙏

  • @sirbruce5978
    @sirbruce59786 ай бұрын

    Hello Counselor Talbert! Thank you for the work you do! Mr. Odems

  • @talbertlawoffice

    @talbertlawoffice

    6 ай бұрын

    OMG!! 🤗 Hi Mr. Odems!! 👋🏽

  • @hdspearman1
    @hdspearman16 ай бұрын

    Thank you for doing this. You made it so easy!

  • @talbertlawoffice

    @talbertlawoffice

    6 ай бұрын

    I’m so glad it was helpful! Thank you for watching!

  • @MeFirst718
    @MeFirst7186 ай бұрын

    Thank you 🙏🏾

  • @bsikma25
    @bsikma25Ай бұрын

    If you are a CA non profit but have not received your 501c3 status, do you still check box 37 for exempt or put down your board members as the beneficial owners?

  • @Ropuch7
    @Ropuch74 ай бұрын

    Hi, FinCEN requires a US company address and tells me not to use a virtual office. I am a non-resident and used Northwest Registered Agent address for incorporating and obtaining EIN. Weirdly, they say I can't use their address. What address should I use for BOI?

  • @jcharles8348

    @jcharles8348

    3 ай бұрын

    Hi, Were you able to find a solution to this? I'm presently facing the same challenge.

  • @Ropuch7

    @Ropuch7

    3 ай бұрын

    @jcharles8348 Nothing great. I filed the report through Northwest dashboard and used their address. They are quite automated, so it can work. I'll let you know.

  • @Ropuch7

    @Ropuch7

    3 ай бұрын

    @@jcharles8348 Northwest RA declined. I will just file the report myself (it's free) and use their address anyway.

  • @wajidafzal2480
    @wajidafzal24804 ай бұрын

    Hi, Thanks Very Much For Helping Guide. Please question: In section 11. , "Current US Address" I don't have Current US Address because i have Non-US Residents LLC in Wyoming, which have all addresses outside the united states . so which address we can put?

  • @talbertlawoffice

    @talbertlawoffice

    4 ай бұрын

    Do you not have a U.S. based registered agent for your WY LLC? If so, you may be able to use the address of the RA.

  • @DanielMartinez-xb8tf
    @DanielMartinez-xb8tf5 ай бұрын

    Thank you for the tutorial, very detailed! I have a question, what do you do if someone has multiple LLC's registered?

  • @talbertlawoffice

    @talbertlawoffice

    5 ай бұрын

    You need to register each LLC separately.

  • @dk750022
    @dk7500224 ай бұрын

    Thank you for your info, it is the best video that i have found covering how to file the BOI report! When filling the BOI report there is a place to list a DBA, which I did. Do you still need to file a separate BOI Report for that DBA business name?

  • @talbertlawoffice

    @talbertlawoffice

    4 ай бұрын

    The DBA does not create a separate entity, so there is no need to file a separate BOI for the DBA.

  • @dk750022

    @dk750022

    4 ай бұрын

    @@talbertlawofficeEven if the DBA name was created by filing documents with the Secretary of state? Thank you!

  • @talbertlawoffice

    @talbertlawoffice

    4 ай бұрын

    @dk750022 yes, even if the DBA was filed with the SOS. A DBA is just another name, not another business or entity. It’s almost like a person having a middle name. Same person, but different from the first name.

  • @dk750022

    @dk750022

    4 ай бұрын

    @@talbertlawofficeThank you!

  • @1001legoboy
    @1001legoboy4 ай бұрын

    Great stuff, first -lace I have seen that discusses multiple owners and how to add the into the form. I assume, as the filer, I would need the driver license of all other owners?

  • @talbertlawoffice

    @talbertlawoffice

    4 ай бұрын

    You need either their licenses (or identification) or their FINCEN ID number.

  • @garyp1930
    @garyp19306 ай бұрын

    all llc businesses have to do this like landscaping ? before 2024 too or just after ?

  • @coachcortneyrose

    @coachcortneyrose

    3 ай бұрын

    Hey there just notice your question about filing, you should file your LLC for this tax season. Do you need help?

  • @garyp1930

    @garyp1930

    3 ай бұрын

    @@coachcortneyrose Great! Thank you so much!! Perfect video too!!

  • @nursecampbell03
    @nursecampbell036 ай бұрын

    So if I’m doing this for a non profit I can skip app but #37

  • @talbertlawoffice

    @talbertlawoffice

    6 ай бұрын

    Nonprofits are exempt from this requirement. Check out the resources in the description box.

  • @inessaartsrunyan4072
    @inessaartsrunyan40726 ай бұрын

    Hello, first and foremost thank you for this very informative video. Would you please let us know if a non-profit organizations have to file the BOI report or they are exempt. Thank you so much.

  • @talbertlawoffice

    @talbertlawoffice

    6 ай бұрын

    Non-profits have been designated as exempt. There could be more guidance in the future that distinguishes between certain nonprofits, but for now, no filing is necessary.

  • @Jack_watson
    @Jack_watson4 ай бұрын

    Mam I want to close my llc permanently and I want to know (BOI) is mandatory for me before dissolving my llc. Mam please clear my doubt. My LLC is non resident llc in NH State and i am from India

  • @talbertlawoffice

    @talbertlawoffice

    4 ай бұрын

    If your LLC was formed before January 1, 2024, then you have until January 1, 2025 to file your BOI. With that said, as long as your LLC is dissolved before January 1, 2025, BOI reporting will not be mandatory for you.

  • @Jack_watson

    @Jack_watson

    4 ай бұрын

    @@talbertlawoffice mam any article or any report regarding this. If you have plz send me link because I am worried about penalties .

  • @talbertlawoffice

    @talbertlawoffice

    4 ай бұрын

    I put all the links in the description box of the original videos. You should check there.

  • @Jack_watson

    @Jack_watson

    4 ай бұрын

    @@talbertlawoffice mam plz send me that specific video link regarding this

  • @blancamorales7400
    @blancamorales74006 ай бұрын

    Thank you for your video...I do have a question, if I am the sole beneficial owner, is just my name, sounds like a stupid question but I want to be sure

  • @talbertlawoffice

    @talbertlawoffice

    6 ай бұрын

    I’m not sure I understand your question. But if you are the sole beneficial owner, then you only report yourself for your reporting company. I hope I answered your question. 🙏🏾

  • @blancamorales7400

    @blancamorales7400

    6 ай бұрын

    @@talbertlawoffice Thank you...there is the part where you explained if there is another beneficial owner of 25% of the company, in my case there is none. I still need to include myself in the Beneficial Owner #1 section?

  • @talbertlawoffice

    @talbertlawoffice

    6 ай бұрын

    @blancamorales7400 Oh, I understand. Yes, as the 100% owner, you would report yourself because you own at least 25% of the company.

  • @blancamorales7400

    @blancamorales7400

    6 ай бұрын

    Thank you!!! @@talbertlawoffice

  • @Navarrete19
    @Navarrete194 ай бұрын

    Does need to be filed EACH year?

  • @talbertlawoffice

    @talbertlawoffice

    4 ай бұрын

    Not yet.

  • @aortizandrew1
    @aortizandrew14 ай бұрын

    So we only have to do this one time?

  • @talbertlawoffice

    @talbertlawoffice

    4 ай бұрын

    As of now, yes, this is a one-time report (unless something changes in the business that requires an update).

  • @melhoresprodutos8899
    @melhoresprodutos88996 ай бұрын

    If the LLC is Control by the Trust then NOT Need fill the BOI ok?

  • @talbertlawoffice

    @talbertlawoffice

    6 ай бұрын

    I would advise checking with the person who created the trust. FINCEN does exempt some types of trusts, so it will depend on what type of trust controls the LLC.

  • @melhoresprodutos8899

    @melhoresprodutos8899

    6 ай бұрын

    @@talbertlawoffice Well, I have 2 different Trusts : 1- Family Trust 2- Business Trust then this type the Trust is Exempt ok?

  • @talbertlawoffice

    @talbertlawoffice

    6 ай бұрын

    @melhoresprodutos8899 business trusts are not exempt. Check the 3rd link of the linked resources in the description box. There is a list provided.

  • @melhoresprodutos8899

    @melhoresprodutos8899

    6 ай бұрын

    @@talbertlawoffice Thank you so Much and have a Great 2024