FINCEN BOI REPORT 2024 (Beneficial Ownership Information)

www.fincen.gov...

[@katiareyesmidence5310]

Gracias Hector! por tomarte el tiempo con este video

[@HectorGarciaCPA]

Que bueno que es util para ti

[@gdwthree]

Thank you sooooo much. That was easy! Appreciate the help!

[@HectorGarciaCPA]

:)

[@maxwelllorow]

Great stuff Hector. I don't have much spare time to help others with this filing. Instead, I send them a link to this video.

[@HectorGarciaCPA]

Perfect

[@edwardgalaska9568]

Awesome. Thank you Hector for taking the time do this and debunk the "dauntedness" of this.

[@HectorGarciaCPA]

It’s pretty simple…. But the eligibility rules are complex on the edge cases

[@gazwin]

I second this comment. I'm in the process of getting my LLC established using Tailor Brands and they want to charge $199 for filing this.

[@ricardooliva2313]

Gracias

[@HectorGarciaCPA]

:)

[@krisfisher3511]

Hi, Im wondering why do we skipped “company applicant”? I did mine but put the same information that I used for “beneficial owner” as “ company applicant”. Was it wrong to it.

[@HectorGarciaCPA]

@@krisfisher3511 not sure

[@dialogotherapy]

Thank you for the walkthrough!

[@HectorGarciaCPA]

Glad it was helpful!

[@dariosoto1577]

Woow thanks Mr. Hector for your time well explained.

[@HectorGarciaCPA]

:)

[@BillBuysLand]

I looked at the form for online filing and don't know how to fill it out when the two beneficial owners of an LLC are themselves LLC's....?

[@HectorGarciaCPA]

Interesting, dont have an answer for you

[@facundoobenauer6772]

Hi Hector good video, I have a question, I have an LLC in Wyoming and I have to fill out my BOI report the problem is that my physical address of my LLC is the same as my registered agent, I have searched for information and in this video I check that this address should work, but the company that I have hired to create my LLC tell me that it will not work, Iam foreing person and dont have my own address on the USA, so If it doesnt work I know people that fix this with a virtual address, thanks Hector and maybe you can help me

[@HectorGarciaCPA]

I dont have an answer

[@PhotographyResources-ub2ik]

I have a single member LLC. However, my wife is on the bank account for the LLC as a "signer" v/s member. Does that make her a beneficial owner ?

[@HectorGarciaCPA]

Great question, I dont know

[@ankm3498]

@HectorGarciaCPA For my Principal Address with my LLC, I have listed a PO box as the address. Could I use this for the current address for the Business for #11 question? I thought I read somewhere in the Q&A that the reporting company address cannot be a PO box. If not, which address should I use? Actual physical location of business or my registered LLC address thats my personal home address?

[@HectorGarciaCPA]

I dont know

[@user-ve4nc1es6b]

Thank you Hector!

[@HectorGarciaCPA]

You are welcome

[@emilcemanrique3898]

Si es una empresa creada en el 2024 donde obtengo el FinCEN ID para llenar la informacion solicitada el en formulario?

[@HectorGarciaCPA]

No tienes un fincenID

[@Frankitosway]

Aunque no es obligatorio tener un FinCEN ID, es recomemdable? No entiendo el proposito de tenerlo.

[@HectorGarciaCPA]

Yo tampoco :)

[@bobatl4990]

do you know if the copy of the drivers license needs to be the front and back of the license?

[@HectorGarciaCPA]

I dont know…

[@MichaelPeyper]

What if the company was registered in USA but the owners are not US citizens?

[@HectorGarciaCPA]

Still needed to do this

[@user-gd5jm7ee1r]

I am an owner of two businesses. Do I have to fill out two separate forms??

[@HectorGarciaCPA]

Most likely yes

[@77Tadams]

Thank you.

[@HectorGarciaCPA]

:)

[@jenniferabell8055]

Does a revocable trust need to file a BOIR?

[@HectorGarciaCPA]

No clue

[@Jack_watson]

Sir I want to close my llc permanently and I want to know (BOI) is mandatory for me before dissolving my llc. Sir please clear my doubt. My LLC is non resident llc in NH State and i am from India

[@HectorGarciaCPA]

Not sure

[@elizabethbell4977]

Hi, thank you for this video! Do I need to file the BOI report for a DBA?

[@HectorGarciaCPA]

For Legal Entities only.

[@elizabeth15644]

Thank you!

[@saisirisha803]

If it is unsuccessful what does it mean

[@HectorGarciaCPA]

Not sure

[@akbarpasha9753]

sir if i disclose my llc before january 1, 2025 .Is it mandatory for me to submit BOI before disclose llc?

[@HectorGarciaCPA]

Dont know

[@akbarpasha9753]

@@HectorGarciaCPA sir if you know something about this plz inform me .iam very confused because i want to disclose my llc.

[@amnarafique1552]

Good video. which person is not living in usa but create a company in usa .They don't have residential address can they give company address

[@HectorGarciaCPA]

I dont know the law/rules around that

[@maryamrafique4258]

Ok

[@tsharpton1]

Will the feds let us know if we need to do this through a letter?

[@HectorGarciaCPA]

Not sure.. sending 30 million letters will be complex

[@1kings1918]

The Secretary of State of each state must notify those who are registered with the state. I'm not sure if they will contact those 'not in good standing' who are delinquent in their filings. So if somebody is slightly behind the curve and filing last year's late, they may have no idea of this requirement.

[@1kings1918]

Page 8 of the Corporate Transparency Act of 2019 states: "(D) STATE NOTIFICATION.-Each State in which a corporation or limited liability company is being formed shall notify each applicant of the requirements listed in subparagraphs (A) and (B)." re: congress.gov/116/bills/hr2513/BILLS-116hr2513rfs.pdf

[@HectorGarciaCPA]

@@1kings1918 very interesting

[@mariapaulayunez8612]

thx you! save me 150 usd

[@HectorGarciaCPA]

:)