📝Starting January 1st, 2024, most entities, including single member LLCs, must file the Boi form.
📅Existing entities have until January 1st, 2025, to file the Boi form, while newly created entities have 90 days.
💡The Boi form is a reporting requirement under the Corporate Transparency Act to combat tax evasion and money laundering.
💼Both domestic and foreign LLCs are required to file the Boi form.
📄The Boi form requires disclosing information about the entity and its beneficial owners.
Who needs to file the Boi form?
—Most entities, including single member LLCs, need to file the Boi form starting January 1st, 2024.
When is the deadline to file the Boi form?
—For existing entities, the deadline is January 1st, 2025. Newly created entities have 90 days to file.
Why is the Boi form required?
—The Boi form is required under the Corporate Transparency Act to combat tax evasion and money laundering.
Do foreign LLCs need to file the Boi form?
—Yes, both domestic and foreign LLCs are required to file the Boi form.
What information is required in the Boi form?
—The Boi form requires disclosing information about the entity and its beneficial owners, including legal names, addresses, and identification numbers.
00:00This video covers everything you need to know about filing your Boi report for your LLC.
03:33Starting January 1st, 2024, most entities, including single member LLCs, are required to file the Boi form.
05:00Existing entities created before January 1st, 2024, have until January 1st, 2025, to file the Boi form.
06:37The Boi form is a reporting requirement under the Corporate Transparency Act to combat tax evasion and money laundering.
07:47Both domestic and foreign LLCs are required to file the Boi form.
09:08The Boi form requires disclosing information about the entity and its beneficial owners.
