Beneficial Ownership Information Report | UPDATE JUNE 2024
In this video, I go over the new Beneficial Ownership Information Report (BOIR) regulation by FINCEN, part of the Treasury Department.
I'll explain who needs to file, the available exemptions, and recent legal updates, including lawsuits against the Treasury Department.
We'll also cover the potential fines for non-compliance, which can be as high as $500 per day, and important deadlines for filing based on your company's registration date.
Learn what steps you need to take to stay compliant and how our services (https://www.businessanywhere.io) can help with BOIR filing and other compliance needs.
If you're looking for assistance with company formation, registered agent service, or company compliance, visit www.BusinessAnywhere.io. We offer comprehensive services including bank account openings, virtual mailbox service, and remote online notary across all 50 states.
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Legal Disclaimer: The content on this YouTube channel is for informational purposes only and does not constitute legal or tax advice. We strive for accuracy, but laws and regulations are subject to change, and we cannot guarantee the relevance or accuracy of the content. Consult a qualified attorney or tax advisor for advice tailored to your specific circumstances.
