ChooseFI cover image

Travel Builds Connections and Unlocks Rewards | Ep 525

ChooseFI

NOTE

File or Face Fines: The Urgency of Beneficial Ownership Reporting

The introduction of the beneficial ownership information report mandates that all legal entities, including LLCs, S-corps, and C-corps, file by December 31st. Failure to comply can result in severe penalties, exceeding $500 per day for non-filing. The process is straightforward, taking approximately three minutes per entity to complete. Individuals are urged to prioritize this filing by searching for B O I and FinCEN online to avoid substantial fines.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner