@@OldSkoolDJ54 it is not moot. The enforcement of the CTA is paused, but it is still law. More time is needed before we know it is completely unnecessary. The updated video posted above shares the facts.
Thank you. Here’s the impression I get from this new layer of paperwork: ‘the form you filed to be a business and the sole owner was done by you?’ ‘Yes I’m the owner.’ ‘Ok, we need a form showing that as the sole owner you are responsible if your company does illegal stuff.’ ‘If I’m the sole owner and only employee then it’s obvious I’m the one responsible if I break the law.’ ‘Yes but we need another obvious form to waste your time and ensure we are needed to process data.’ Simplistic but this is the impression I get.
Thank you for making this knowledge available, along with breaking it done, for us older business owners to follow! Words cannot d escribe how much we are thankful!
They were going to make me pay $200, it's crazy how they wouldn't inform me, I could do it for free, and under 15 minutes no less. I am also grateful!!
Thank you for your clear step by step process to complete 2 BOI reports. It saved me $$$ , as private companies wanted $150. per report. Thx for your service!
Oh My Goodness! I just followed your excellent step by step. Thank you so much! Comprehensive and very streamlined. I submitted and I'm done. This is a major relief. Onward and upward...
Great and helpful video for filing our BOI. I have subscribed because owning a business can be a bit scary with all the government filing that are necessary, and she is very clear with her information.
I'm grateful for the guide you created. I was initially asked to pay $200 after receiving a BOI letter, but after conducting some research, I discovered your channel. I'm delighted I did, and I'm happy to be a new subscriber.
Thank You! Awesome. I have tried for weeks to get my Accountant to do this and apparently she was scammed or I was because they took $150 out of my account to do NOTHING. I finally had to do this myself and I'm about to fire that Accountant.
Hannah, thank you for creating this video on how to file BOI. I was able to file the BOI following step by step instructions from your video. It was very effortless. Now I don't have to worry about this. Thanks for providing updates on the pending case on BOI filing
Thank you very helpful and i successfully filed to abd with you explaining word for word and step by step made it less stressful i was very stressed out about this .God bless you this is the best teaching of how to do this
@@eusoj50I don’t think so. He does excellent work. It’s his right to request what he thinks is fair for his service and it’s my right to take care of it myself.
@@eusoj50 accountants and lawyers are charging $200-750 to do this for clients. This is not outside a reasonable range. What most small businesses don't realize is that it is very easy to DIY, and most don't need to hire someone to do it for them.
My accountant told me to fill this out. I was in a rush to leave for vacation so Somehow I was directed to a paid site that ended up charging $159 and I didn't realize until it was done. Thank you for your video wish I'd have seen it sooner.
Thank you for doing this, Hannah. I'm new to business ownership, so this presentation was invaluable to me. You are so awesome! By the way, I purchased your 1040-ES Excel Worksheet earlier this year and found it to also be invaluable for estimating my taxes. Thank you, thank you, thank you!!!
I never received any notice to file this, I heard about it from a friend. If I didn't hear about it from him, I would have been charged hundreds of dollars everyday as a penalty?? How is this allowed 😩
To be honest - I don't know. They SAY they've launched awareness campaigns, but if they wanted to be effective, they would be hiring influencers like me and other financial/legal professionals to spread the word! I am NOT paid to do this content - it's totally out of the hopes to help business owners understand this stuff and avoid penalties!
I just heard about this as well. This is ridiculous! If you run a food trailer to feed the poor and homeless, and it is to eventually support our non profit ministry. We donated our tithes to purchase the food trailer and supply the food for it. We got our LLC for the food trailer in 2023 although we were not up and running until late 2024. Our ministry has not received any revenue yet. We have KY nonprofit status and just recently applied for IRS 501c3 status. Our ministry is not established! What do we do???!!!?!!?!!
I just heard about this as well. This is ridiculous! If you run a food trailer to feed the poor and homeless, and it is to eventually support our non profit ministry. We donated our tithes to purchase the food trailer and supply the food for it. We got our LLC for the food trailer in 2023 although we were not up and running until late 2024. Our ministry has not received any revenue yet. We have KY nonprofit status and just recently applied for IRS 501c3 status. Our ministry is not established! What do we do???!!!?!!?!!
Thank you so much! You made this much less scary than it sounded when I first read a message about FinCEN ! One note - when uploading a pdf of the document, I hovered over that area, and the pop up box said not to have any spaces in the title of the uploaded file. I hope that helps!
Thank you. Your patience in supporting small business owners was the perfect holiday gift. Thank you for your generosity. Is there a way for me to contribute in the name of gratitude, Clara?
Clara dwain how are you taxed for taking an owner's draw does it come from taxes taking out of your pay check or do it come from the amount you requested from your llc business account or do you have to pay does payments personally
How can I determine if I am a BOI? I am a beneficiary of my Mother’s estate which has a tax ID number. I’m confused as to what qualifies as a business. Love your presentation, very clear and concise.
So my llc is under my name. But let’s say I open a new dba under my existing llc so I need to file that dba like you just showed here or am I in the clear cause that dba is attached to that entity of the llc?
My 5 siblings and I are owners of our family LLC now that our parents have passed away. It was set up in 2011. Do I need to get license pics from all 5 plus mine and add them as beneficial owners? This video was wonderful and thank you.
I have the same question. Also, our physical locations do not have mail delivery because we are in rural America and have no mail service. I've read elsewhere that PO Boxes are not accepted so not sure if we just add the physical address knowing that any letters they send to that address will not get to us.
Hey, I used Bizee to register my business. Who should i put for Company Applicant information? my information or the agent (I don't even know the agent since it's just the website ). Thanks for ur help
Hello! Thank you for the video. I have a Quick question. DBA’s also has to file the BOI Report ? For example name of the business’s owner is María Patricia Perez Gracia and her DBA is María Patricia. Does she has to file? Thank you!
Hi I filled the application but it rejected. I got email that says “reporting company already has been filed” I am very confused I didn’t filed the application. How can I check my status if everything is good? Can anyone please advise me what to do? I don’t wanna pay to the agents 😕 thank you
The same thing happened to me. I can't find anywhere to check status. I'm guessing that my accountant who did our initial business setup must have filed this as part of our set up information and I just wasn't aware. But I would like to double check so that I am sure I won't get fines. Any idea how we can double check?
Hello Hannah, I just opened an LLC on Dec 6th 2024 through an accountant that was referred to me (he filed my LLC with the Sec of State) I asked him to send me his dob and pic ID to download for the APLLICANT INFORMATION SEGMENT and he's saying that MY INFORMATION goes there NOT HIS, he even saw the 5 min video on the Fincen page! He was just getting on a plane as of today, don't know when he's coming back. What can I do?
Hi! Thank you for your awesome video! I have a quick question about the address of the Reporting Company. Which address should I use to file for the Reporting Company address section if I don't have a US primary address but only a virtual address in Texas (this virtual address is used for mail forwarding and business address purpose)? Should I use the virtual address or my Registered Agent's address if they allow me to use theirs? Also my home address is an apartment address so will this apartment address be qualified and legally used to file? Thank you so much!
Hello Clara! Okay I registered my business 01/2023 so I want to know so that I will know if I’m following EVERYTHING CORRECTLY if I would need to check the book on #16 and proceed with the following questions. I just want to make sure that I’m doing everything correctly. So if you don’t mind, please help?
![Lp. Сердце Вселенной #60 РОЖДЕНИЕ ЛОЛОЛОШКИ [Финал] • Майнкрафт](http://i.ytimg.com/vi/YoR0pAV9FVQ/mqdefault.jpg)
Make sure to watch this video made after recent legal action on the Corporate Transparency Act: ua-cam.com/video/YVEpCGSE1DA/v-deo.html
You no longer have to file BOI. New judicial system ruling has blocked BOI
This video should be removed. It's now moot.
@@OldSkoolDJ54 it is not moot. The enforcement of the CTA is paused, but it is still law. More time is needed before we know it is completely unnecessary. The updated video posted above shares the facts.
@@ClaraCFOit’s unconstitutional.
Null and void.
@@soccersprint I thought it was just a temporary injunction, isn't there a decision yet to be made?
Thanks so much. My accountant wanted to charge me $250 for completing this form I did for free lol Thanks for the guidance.
Thank you. Here’s the impression I get from this new layer of paperwork: ‘the form you filed to be a business and the sole owner was done by you?’ ‘Yes I’m the owner.’ ‘Ok, we need a form showing that as the sole owner you are responsible if your company does illegal stuff.’ ‘If I’m the sole owner and only employee then it’s obvious I’m the one responsible if I break the law.’ ‘Yes but we need another obvious form to waste your time and ensure we are needed to process data.’ Simplistic but this is the impression I get.
Thank you for making this knowledge available, along with breaking it done, for us older business owners to follow!
Words cannot d escribe how much we are thankful!
Glad it helped! thanks for sharing!
Our HOA management firm wanted $495 to do this for us! We did it ourselves, your video was helpful. Thanks 🙏🏼
I am happy I could save you $495 :)
They were going to make me pay $200, it's crazy how they wouldn't inform me, I could do it for free, and under 15 minutes no less. I am also grateful!!
Thank you for your clear step by step process to complete 2 BOI reports. It saved me $$$ , as private companies wanted $150. per report. Thx for your service!
Here to help the small business!
Oh My Goodness! I just followed your excellent step by step. Thank you so much! Comprehensive and very streamlined. I submitted and I'm done. This is a major relief. Onward and upward...
Super helpful. As a dyslexic, these types of things always overwhelm me. Having you go through step by step was invaluable. THANK YOU>
Thank you so much! This is my first year in my business, and I had no idea what to do!!! I appreciate you so much!!!
Excellent tutorial!! Saved me $200! Thank you so much. ❤
Woohoo!
You did a superb job! I followed your instructions, screen by screen, and I ended up with a successful submission. Thank you very much.
Woohoo! Love you hear it! that’s what I was hoping people would be able to do!
Great and helpful video for filing our BOI. I have subscribed because owning a business can be a bit scary with all the government filing that are necessary, and she is very clear with her information.
I'm grateful for the guide you created. I was initially asked to pay $200 after receiving a BOI letter, but after conducting some research, I discovered your channel. I'm delighted I did, and I'm happy to be a new subscriber.
Love it! SO glad to have saved you $200 - and hopefully a lot more as you are now a subscriber!
You are truly amazing! I submitted mine in just 10 minutes, and you saved me both time and money.
Thank You! Awesome. I have tried for weeks to get my Accountant to do this and apparently she was scammed or I was because they took $150 out of my account to do NOTHING. I finally had to do this myself and I'm about to fire that Accountant.
Hannah, thank you for creating this video on how to file BOI. I was able to file the BOI following step by step instructions from your video. It was very effortless. Now I don't have to worry about this. Thanks for providing updates on the pending case on BOI filing
Thank you SO MUCH for your helpful video!! I couldn't haven't done it without you. Super easy to understand. I appreciate you very much!
Thank you very helpful and i successfully filed to abd with you explaining word for word and step by step made it less stressful i was very stressed out about this .God bless you this is the best teaching of how to do this
Thank you for posting this. You helped me so much in this process!
You hit 100K subscribers!!! And helped us ; ) Thank you so much.
I appreciate your help, honestly, I was confused about doing it..thankssss :)
Thank you very much for the video, it is very clear and takes you through step-by-step on what to do. Great job.
This has been super helpful! Many thanks!
Thank you so much for making this video, it is very informative. I followed your instructions as I filled out my own report.
Glad it helped!
Very easy and straight forward. Thanks for sharing this info!
So helpful! My accountant offered to do this for me for $275...Thanks for saving me the money. So easy! And, yes, I subscribed!
Woohoo! You don't know happy it makes me to hear how many people are keeping their hard-earned money in their pockets! Thanks for subscribing!
Seems Luke you have a crook for accountant. I'd ok paying $100 for his time, but $275 is a stretch.
@@eusoj50I don’t think so. He does excellent work. It’s his right to request what he thinks is fair for his service and it’s my right to take care of it myself.
@@eusoj50 accountants and lawyers are charging $200-750 to do this for clients. This is not outside a reasonable range. What most small businesses don't realize is that it is very easy to DIY, and most don't need to hire someone to do it for them.
Thank you so very much for your helpful video! It gave great clarity. Much gratitude.
Thank you! Very helpful! Saved me $$ and allowed me to learn about what it is!
This was great and I subscribed to your page. Thank you because I really needed to get these things done and this weight off of my shoulders now.
Extremely helpful! Thanks for walking everyone through this. I followed along and it was a breeze. Thank you!!
Great!
Super straight-forward! Thank you so much, Hannah 🙏
My accountant told me to fill this out. I was in a rush to leave for vacation so Somehow I was directed to a paid site that ended up charging $159 and I didn't realize until it was done. Thank you for your video wish I'd have seen it sooner.
Thank you for doing this, i filed successfully and i appreciat your help
Thank you so much for putting this together! It made a daunting task seem very simple and easy
I truly appreciate you sharing your knowledge. This video was extremely helpful, since I the only provider for my business.
Thank you
Awesome!
Thank you for this simple walk through!!
Thank you SO MUCH for showing us how to file! 🙏
Thank you for doing this, Hannah. I'm new to business ownership, so this presentation was invaluable to me. You are so awesome! By the way, I purchased your 1040-ES Excel Worksheet earlier this year and found it to also be invaluable for estimating my taxes. Thank you, thank you, thank you!!!
So glad this and the estimated tax worksheet have been helpful!
@@ClaraCFO where can I find that worksheet? I would love it!
Thank you! I will be doing this for myself and a consulting client today!
Great!
I never received any notice to file this, I heard about it from a friend. If I didn't hear about it from him, I would have been charged hundreds of dollars everyday as a penalty?? How is this allowed 😩
To be honest - I don't know. They SAY they've launched awareness campaigns, but if they wanted to be effective, they would be hiring influencers like me and other financial/legal professionals to spread the word! I am NOT paid to do this content - it's totally out of the hopes to help business owners understand this stuff and avoid penalties!
Thanks I own 3 Businesses and I never got a notice by mail or email..
I never got a notice ever
I just heard about this as well. This is ridiculous! If you run a food trailer to feed the poor and homeless, and it is to eventually support our non profit ministry. We donated our tithes to purchase the food trailer and supply the food for it. We got our LLC for the food trailer in 2023 although we were not up and running until late 2024. Our ministry has not received any revenue yet. We have KY nonprofit status and just recently applied for IRS 501c3 status. Our ministry is not established! What do we do???!!!?!!?!!
I just heard about this as well. This is ridiculous! If you run a food trailer to feed the poor and homeless, and it is to eventually support our non profit ministry. We donated our tithes to purchase the food trailer and supply the food for it. We got our LLC for the food trailer in 2023 although we were not up and running until late 2024. Our ministry has not received any revenue yet. We have KY nonprofit status and just recently applied for IRS 501c3 status. Our ministry is not established! What do we do???!!!?!!?!!
Thank you so much for making this video. It was extremely helpful and saved me some money.
Thank you, as always you are great help. HAPPY NEW YEAR.
Thank you for the great help and guidance in this process! Happy Holidays!😃
THANK YOU FOR DOING THIS VEDIO WAS SO EASY TO FILE
Awesome tutorial shared it on our platform
You are awesome, thank you! This was the best and most explanatory video I've watched. I've subscribed!!👌
Awesome, thank you!! love to hear that!
Thank you so much Hanna!!!!! Great video and so helpful!
Wow, that was easy! Thanks for the walk through.
Very easy to follow and was able to get this completed with your help today. Thank you very much!
Great!
great easy to follow video! thank you.
this was super helpful so so much thank you!!!
Thank you so much! You made this much less scary than it sounded when I first read a message about FinCEN ! One note - when uploading a pdf of the document, I hovered over that area, and the pop up box said not to have any spaces in the title of the uploaded file. I hope that helps!
Thanks for that note!
thank you so much... following now
Thanks for this. Can you tell me the pros and cons of having the FINCEN ID? Thanks.
great video, thanks a lot, I did mine with you hehehehe, step by step. Thanks.
Thank you. Your patience in supporting small business owners was the perfect holiday gift. Thank you for your generosity. Is there a way for me to contribute in the name of gratitude, Clara?
Thank you so much, this was so helpful! 🙏
Thank you so much for this. I appreciate your wealth of knowledge.
Happy to share!
Great video, thank you so much! I have a business started before Jan 1 2024, Am I supposed to file out the Beneficial Owner Information too? Step 34?
I am wondering the same thing.
Good clear instructions!!!
so glad you think so!
thank you so much !!! my cpa was gonna charge me $100!!
Thank you for your help, Hannah.
Thanks for watching!
Thank you so much, SUBSCRIBED.
Thank you so much!! I was almost on the verge of tears, lol. Now easy peasy lemon sqeezie
No tears! Happy it helped!
THANK YOU, I find this video very helpful.
Great!
For anyone who might need to know. Once you file you don't have to file again unless there was a change in your business!
How can I get the BOIR Transcript receipt? I filed it and didn't download the transcript. Thanks for the video, very informational and practical.
very clear, easy to follow guide through. thanks.
Glad it helped!
Perfect...thanks so much for this!
Thank you for all your updates ❤
My business is Sole Proprietor, just only me. Do I need to file?
I was wondering the same thing.
did I nap where we have to upload the driver's license or passport? I didn't see that. And, thank you, you make it less scary for us.
Clara dwain how are you taxed for taking an owner's draw does it come from taxes taking out of your pay check or do it come from the amount you requested from your llc business account or do you have to pay does payments personally
Excellent, thank you so much
I subscribed to your video. Helpful video, thanks for doing it free!
Absolutely! here to help!
Great help! I’m LLC pre Jan 24. Checked box 16. When, at what box do I re-enter
AMAZING THANK YOU! Do you have a video on how to close a small business ? Thanks!
How can I determine if I am a BOI? I am a beneficiary of my Mother’s estate which has a tax ID number. I’m confused as to what qualifies as a business. Love your presentation, very clear and concise.
thanks for this super helped and well-explained video!
So glad it helped you out!
This is going to blow up after the most recent 5th circuit appeal
Very helpful. Thank You!
great!
Really good guide 👏
Thanks
Glad it was helpful!
So my llc is under my name. But let’s say I open a new dba under my existing llc so I need to file that dba like you just showed here or am I in the clear cause that dba is attached to that entity of the llc?
Thank you very much for this video
Happy to help!
This is really helpful. Thanx a lot. Quick question, what if my US entity has any subsidiary out of country, how to file that information?
My 5 siblings and I are owners of our family LLC now that our parents have passed away. It was set up in 2011. Do I need to get license pics from all 5 plus mine and add them as beneficial owners? This video was wonderful and thank you.
I have the same question
I have the same question. Also, our physical locations do not have mail delivery because we are in rural America and have no mail service. I've read elsewhere that PO Boxes are not accepted so not sure if we just add the physical address knowing that any letters they send to that address will not get to us.
Hi! I answered your specific question here: ua-cam.com/video/Z4ncbOx7Xvo/v-deo.html
Check out this follow-up video: ua-cam.com/video/Z4ncbOx7Xvo/v-deo.html
How about if you are an existing how do I do that? What? What do I check you change or what do I check?
Hi - I have an off shore company, do I need to file BOIR for that company as well or just US companies?
Hey, I used Bizee to register my business. Who should i put for Company Applicant information? my information or the agent (I don't even know the agent since it's just the website ). Thanks for ur help
Nice explanation
Hello! Thank you for the video. I have a Quick question. DBA’s also has to file the BOI Report ? For example name of the business’s owner is María Patricia Perez Gracia and her DBA is María Patricia. Does she has to file? Thank you!
Thanks for the question! I answered it here: ua-cam.com/video/Z4ncbOx7Xvo/v-deo.html
Who is the beneficial owner in case the LLC is under your Holding LLC and you're the only member? And how to report both?
Thank you so much !
Hi I filled the application but it rejected. I got email that says “reporting company already has been filed” I am very confused I didn’t filed the application. How can I check my status if everything is good? Can anyone please advise me what to do? I don’t wanna pay to the agents 😕 thank you
The same thing happened to me. I can't find anywhere to check status. I'm guessing that my accountant who did our initial business setup must have filed this as part of our set up information and I just wasn't aware. But I would like to double check so that I am sure I won't get fines. Any idea how we can double check?
My account did it for me. So it's already been filed. Sounds like yours has already been filed as well.
Hello Hannah,
I just opened an LLC on Dec 6th 2024 through an accountant that was referred to me (he filed my LLC with the Sec of State) I asked him to send me his dob and pic ID to download for the APLLICANT INFORMATION SEGMENT and he's saying that MY INFORMATION goes there NOT HIS, he even saw the 5 min video on the Fincen page!
He was just getting on a plane as of today, don't know when he's coming back.
What can I do?
If I have a peddler's license and not a LLC, do I have to file a BO or BOIR?
Hi! Thank you for your awesome video! I have a quick question about the address of the Reporting Company. Which address should I use to file for the Reporting Company address section if I don't have a US primary address but only a virtual address in Texas (this virtual address is used for mail forwarding and business address purpose)? Should I use the virtual address or my Registered Agent's address if they allow me to use theirs? Also my home address is an apartment address so will this apartment address be qualified and legally used to file? Thank you so much!
What is the Document Identification number? Is that like your DL number??
Hello Clara! Okay I registered my business 01/2023 so I want to know so that I will know if I’m following EVERYTHING CORRECTLY if I would need to check the book on #16 and proceed with the following questions. I just want to make sure that I’m doing everything correctly. So if you don’t mind, please help?
I have the smae question.
I just subscribed!! Thanks for sharing this Video. You are a blessing!
How to you do the report Nehemiah you have more than one owner?