EP 1.08 | Beneficial Ownership Information Filing for Your LLC: What You Need To Know

04/11/2024 19 min Temporada 1 Episodio 8
EP 1.08 | Beneficial Ownership Information Filing for Your LLC: What You Need To Know

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Episode Synopsis

Loving the show? Click here to shoot a text and let me know!The Corporate Transparency Act is probably something the average business owner has heard of, but it's certainly something you should be aware of if you have an LLC.This act now requires certain companies to report Beneficial Ownership Information on a yearly basis. But what does this mean, and who does this affect?In this episode, I talk with CPA and tax advisory expert, Leslie M. Jones, of L.M. Jones & Associates, and she breaks down exactly what this means for you as a business owner. Listen in as Leslie and I discuss the origin of this new requirement, why it matters, and how you can make sure you're in compliance. This is an episode you do not want to miss! In this episode:0:03 Understanding the Beneficial Ownership Information Requirement3:01 Why is This New Requirement Relevant?4:45 Who This New Requirement is For5:27 How to File Your BOI8:14 What Happens If You Do Not File On Time12:54 Annual Report and EIN Requirements18:20 BOI Filing Assistance and Resources Links mentioned in this episode:File your BOIVisit Leslie's website-------------------------------Visit us onlineLet's Get Social:Facebook | Instagram | YouTube | ThreadsReady to get started on your website? Start here --> Download our FREE Website Planning GuideDid you know that only about 30% of your audience is ready to buy from you at any given time? Download the Sales Funnel Cheat Sheet to get started planning your content and strategy based on the stages of your customer's journey.Sign up for The Collective's Cove, a monthly curated collection of digital marketing strategies for your business.