1min snip

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

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode