How hard was that !! Simple and concise Every other how to video on this subject is 25min long and includes subject that matter that has Nothing to do with the new BOI. Thank you.
@JamesBakerCPA17 күн бұрын
Thanks for the comment I'm glad it helped!
@wutang976Күн бұрын
Thanks. Very helpful!
@geekslabllc25 күн бұрын
Hey @James, I ordered a Tello line as you recommended from one of your videos. Then I had it delivered to me in Kenya, then I activated it, ported my SKype line to it, and now I have a real U.S. number not VoIP. Major success! The other is I applied for a Relay account and it was approved, I was given U.S. debit card and now my business transactions are easy to track! I owe you coffee dude!
@JamesBakerCPA25 күн бұрын
Nice!!! Happy to hear this. If you used an affiliate link for tello and relay you are helping me add to my cellphone collection so that's awesome. Would love to get coffee in Kenya tho. Best of luck!
@jeffreyrhАй бұрын
So you suggest continuing to submit the BOI report. What about the Alabama Federal District judge that ruled it unconstitutional? Is that still in the works?
@shalala9871Ай бұрын
I am wondering the same?
@JamesBakerCPA27 күн бұрын
If you are a part of that organization in Alabama you don't have to file it
@jonathanhenriquez943729 күн бұрын
thank you for your videos i learned a lot from you, wish I would've found your channel before paying someone to open my LLC! but I got it now for my next LLC!!!😎
@SheisAp2 күн бұрын
Can I use my house address or should I create a virtual address. I’m a notary and work from home.
@lindagreen13710 күн бұрын
new subscriber for sure
@hakiml5381Ай бұрын
Well done James
@chrisguli286521 күн бұрын
Great job James! Nice explanation. My registered agent keeps sending me emails to file the BOI for $25 but this is really easy peasy for DIY. It appears there's no new litigation to challenge this right? So it appears filing this is inevitable.
@samanthacolaresrodrigues753812 күн бұрын
@@chrisguli2865 I’m right there with you.. waiting till mid November but bizee is always reminding me that I have a deadline coming up soon and of course they charge something like $90ish for a simple thing as is the EIN
@premalaschlitt6675Ай бұрын
Thank you, thank you so much, James! New subscriber here!
@abdulrabb1616Ай бұрын
Thank you very much james ❤
@RICKYOMEN9 күн бұрын
Hey James what about if your company you need to sumbit your BOI is your holdco? Do I need to use my name or can I fill it out as a holdco.
@maxstyne27 күн бұрын
Can you post a video on how to get an ITIN?
@libardobarreto7932Ай бұрын
Can you do also a video if you change your company name but after you file a BOI report. What are the steps?
@personaltravelandexplorati962728 күн бұрын
What if the owner of LLC passed away and the LLC is shut down in 2024. What is the BOIC filing requirements? I can find no info on this scenario anywhere.
@jay.rhoden14 күн бұрын
Super interesting question. I doubt anyone has thought of this scenario. I assume you cant fine a dead person. I wonder if they could and/or would fine an LLC that has no living members.
@jomission579317 күн бұрын
Question: If an LLC has several owners, do all owners need to file their passports or just 1 person only?
@ahmadmustafa579419 күн бұрын
My company was registered in may 2024, 90 days passed and i didn't file boi report yet. What should i do now? I'll face a fine now when i filled boi report?
@maksimapelsin6966Ай бұрын
You rock!
@gianbonme25 күн бұрын
Do you recommend getting a FinCEN ID?
@JamesBakerCPA25 күн бұрын
Not if you don't need it
@elpablitorodriguezharreraАй бұрын
Hey James and Team, Can you make a complete step by step process to form an LLC from start to finish including all the necessary things to compliance for non us residents in a single video? It would be helpful for most people. Also, how much it cost total your service is?
@JamesBakerCPAАй бұрын
It's too much for a single video but I have done this in the last three or four videos. More to come
@elpablitorodriguezharreraАй бұрын
@@JamesBakerCPA yes but I feel like you designed the video for Non-US + US at the same time which is not specific. It'd be helpful if there's one video titled smth like "How to form LLC + EIN + BOI + US Number + US Address + US Bank Account + Stripe + Tax etc. for Non-US Residents from start to finish in 2024" because that's me and I believe most people find from expert like yourself. Thanks.
@JamesBakerCPAАй бұрын
Yes I mean I'm doing these but step by step on different videos. That would be a 2 hour video with a bunch of stops and delays.
@JamesBakerCPAАй бұрын
I appreciate the feedback. If I can cover a topic and address the NR and Resident viewers and keep the whole video under 10 minutes I try to do that
@LulJerseyАй бұрын
Incfile doesn't take foreign order anymore Please can you give the best alternatives? 🙏
@anapaulacarvalho816411 күн бұрын
What about if the llc is owned by another llc? What should I fill as an owner/ beneficiary?
@SpiritualTemperanceTarot13 күн бұрын
What if you opened an EIN years ago and never used it Or registered it. Do you still need to do this form?
@lakeishar237 күн бұрын
That’s a great question
@innocent57525 күн бұрын
Thank you for the video. What about a LLC formed before 2024. The LLC has a Wyoming state entity ID but no EIN yet because the business for the LLC is inactive/not functioning for now. Does it still need to file the BOI initial report and does it fall under L.2 Reporting company Excursion?
@joe-mama645114 күн бұрын
I would contend that entities formed pre 2024 would not be “contractually” obligated to comply with this. It almost feels like once you submit then you’re amending the terms of your llc to invite the federal government into the agreement you had with the state. Ex post facto ?
@AnneDahl-rr6wdАй бұрын
Merci 🤩
@raymondpassero5626 күн бұрын
Do Sole Propriotorships have to file a BOI report?
@SujanShakya06Ай бұрын
Hello, my business started in 2019 as sole proprietor and this year i changed to llc. Do i file as a existing business? Thanks
@JayN4GO18 күн бұрын
Great question. I’m assuming your LLC name is not exactly the same name as the SP?
@dross012318 күн бұрын
SMLLC w S-corp tax election. If in a community property state, specifically California, do both spouses need to be added as a beneficiary?
@blazernation503525 күн бұрын
What is an “identifying document number”? Is that my ID #? Or my EIN#??
@JayN4GO18 күн бұрын
So I chose drivers license. Enter your drivers license number. Passport will be passport number.
@kevinc743915 күн бұрын
What happens if you accidentally do not check "Reporting company is existing before January 2024" do I need to refile or resubmit?
@jomission579317 күн бұрын
Another question If a LLC is owned by another LLC, how is that handled?
@Mashburn525Күн бұрын
Dealing with this now. Wondering what kind of documents, I would upload since it won't be a Driver's License. I have an entity that owns 60% of another entity.
@JamesBakerCPAКүн бұрын
It's about the ultimate owner
@Mashburn525Күн бұрын
@@JamesBakerCPA so if me and u have a partnership and we own 60% of another LLC I’m uploading mine and your drivers licenses and putting our LLC name down as the entity legal name?
@robdalton596127 күн бұрын
Im waiting for the update on whether we should file or not? 6 months ago, you said wait to see it we need to file or not.. Court case Alabama? Thanks
@JamesBakerCPA27 күн бұрын
There have been no other updates. You should still file it
@theamazingadvnturesofboopa803317 күн бұрын
Can I use my business address as my physical address that where I get my business mail at
@heythemboudraa402Ай бұрын
Thank you very much you came on time and im with your pace from opeing the llc until now but you cheated on me you got the ein fast im a foreign lol
@JamesBakerCPAАй бұрын
Lol well you get to have your LLC and pay no taxes so id rather get it slow in exchange for being anonymous
@gaganbains225429 күн бұрын
I received a 1099-NEC from the states, what do I do with it.
@Jzemb16 күн бұрын
what about a LLC I had to reinstate in 2024 but was active since 2021 but soemthing happend and it was shut down
@harrycraviotto237513 күн бұрын
EIN # instead of ss # why can’t I use my SS #
@LulJerseyАй бұрын
Incfile keeps canceling my llc order 😢
@carlosjarquin5540Ай бұрын
If you provide all the info they request, you'll be good to go... They just started the process with me after submitting everything they asked (selfie holding my ID, photo of the last 4 digits of the 💳 I used, photo of my bank statement showing that the money has been deducted from my card), I know it's annoying but I got not choice 😅
@leogarcia703924 күн бұрын
What about a church?
@sheilamcdonald66319 күн бұрын
Non-profits do not have to file is what I read.
@dismahusername8309Ай бұрын
bro I havent done it and it’s been like 100+ days? no penalties or anything
@jay.rhodenАй бұрын
The proper answer is probably "talk to a lawyer", the penalties are expensive. I suspect the answer might be "you just gotta do it". I do note that the scary yellow message says "willful non filing" so it comes down to how they decide what is willful or not. Hopefully if someone was genuinely ignorant they accept that. I wonder if anyone has had penalties actually applied for not doing it in time? Does anyone know?
@JamesBakerCPAАй бұрын
Probably another thing where they require something and don't enforce it at all. They haven't started enforcing yet but could at any time.
@chrisguli286521 күн бұрын
@@jay.rhoden From what I read, it's difficult for the IRS to prove "willful failure to file" (in most cases) and I presume it will be the same for Fincen which is also part of the Dept of the Treasury. However, that will not stop them from issuing bills for thousands of dollars. If you're 30-40 days over the time limit, that is $500 per day or $15,000 to $20,000, but I think it is capped at $10,000. Not a lawyer, but jail time is for those who "willfully" fail to file, IMO. Talk to an attorney, and they may tell you to file asap, and hope for the best. Or, they may tell you to dissolve the company (so filing requirement goes away) and then start a new company which resets the clock. I suspect there will be many who aren't even aware they need to do this. Definitely speak to an attorney and CPA asap!
@JamesBakerCPA14 күн бұрын
Until they find these comments and now know that you know lol