Hi, FinCEN requires a US company address and tells me not to use a virtual office. I am a non-resident and used Northwest Registered Agent address for incorporating and obtaining EIN. Weirdly, they say I can't use their address. What address should I use for BOI?
@jcharles8348 Nothing great. I filed the report through Northwest dashboard and used their address. They are quite automated, so it can work. I'll let you know.
Hello, first and foremost thank you for this very informative video. Would you please let us know if a non-profit organizations have to file the BOI report or they are exempt. Thank you so much.
Non-profits have been designated as exempt. There could be more guidance in the future that distinguishes between certain nonprofits, but for now, no filing is necessary.
Thank you for your info, it is the best video that i have found covering how to file the BOI report! When filling the BOI report there is a place to list a DBA, which I did. Do you still need to file a separate BOI Report for that DBA business name?
@dk750022 yes, even if the DBA was filed with the SOS. A DBA is just another name, not another business or entity. It’s almost like a person having a middle name. Same person, but different from the first name.
If you are a CA non profit but have not received your 501c3 status, do you still check box 37 for exempt or put down your board members as the beneficial owners?
Hi, Thanks Very Much For Helping Guide. Please question: In section 11. , "Current US Address" I don't have Current US Address because i have Non-US Residents LLC in Wyoming, which have all addresses outside the united states . so which address we can put?
Great stuff, first -lace I have seen that discusses multiple owners and how to add the into the form. I assume, as the filer, I would need the driver license of all other owners?
Thank you for your video...I do have a question, if I am the sole beneficial owner, is just my name, sounds like a stupid question but I want to be sure
I’m not sure I understand your question. But if you are the sole beneficial owner, then you only report yourself for your reporting company. I hope I answered your question. 🙏🏾
@@talbertlawoffice Thank you...there is the part where you explained if there is another beneficial owner of 25% of the company, in my case there is none. I still need to include myself in the Beneficial Owner #1 section?
I would advise checking with the person who created the trust. FINCEN does exempt some types of trusts, so it will depend on what type of trust controls the LLC.
Mam I want to close my llc permanently and I want to know (BOI) is mandatory for me before dissolving my llc. Mam please clear my doubt. My LLC is non resident llc in NH State and i am from India
If your LLC was formed before January 1, 2024, then you have until January 1, 2025 to file your BOI. With that said, as long as your LLC is dissolved before January 1, 2025, BOI reporting will not be mandatory for you.
Thank you for simplifying this process as well as saving money!!!!!!
Hello Counselor Talbert!
Thank you for the work you do!
Mr. Odems
OMG!! 🤗 Hi Mr. Odems!! 👋🏽
Thank you for the walk-through. That was very helpful.
Hi,
FinCEN requires a US company address and tells me not to use a virtual office.
I am a non-resident and used Northwest Registered Agent address for incorporating and obtaining EIN. Weirdly, they say I can't use their address.
What address should I use for BOI?
Hi,
Were you able to find a solution to this? I'm presently facing the same challenge.
@jcharles8348 Nothing great. I filed the report through Northwest dashboard and used their address.
They are quite automated, so it can work.
I'll let you know.
@@jcharles8348 Northwest RA declined. I will just file the report myself (it's free) and use their address anyway.
Thank you! I was dreading this but it doesn’t seem as bad after watching this video!
thank you! I’m a new business and was nervous about submitting this. You were so helpful thank you 🙏
Thank you so much; very helpful!
Hello, first and foremost thank you for this very informative video. Would you please let us know if a non-profit organizations have to file the BOI report or they are exempt. Thank you so much.
Non-profits have been designated as exempt. There could be more guidance in the future that distinguishes between certain nonprofits, but for now, no filing is necessary.
Thank you for your info, it is the best video that i have found covering how to file the BOI report!
When filling the BOI report there is a place to list a DBA, which I did. Do you still need to file a separate BOI Report for that DBA business name?
The DBA does not create a separate entity, so there is no need to file a separate BOI for the DBA.
@@talbertlawofficeEven if the DBA name was created by filing documents with the Secretary of state? Thank you!
@dk750022 yes, even if the DBA was filed with the SOS. A DBA is just another name, not another business or entity. It’s almost like a person having a middle name. Same person, but different from the first name.
@@talbertlawofficeThank you!
Thank you for doing this. You made it so easy!
I’m so glad it was helpful! Thank you for watching!
Thank you for the tutorial, very detailed! I have a question, what do you do if someone has multiple LLC's registered?
You need to register each LLC separately.
If you are a CA non profit but have not received your 501c3 status, do you still check box 37 for exempt or put down your board members as the beneficial owners?
Hi, Thanks Very Much For Helping Guide.
Please question: In section 11. , "Current US Address" I don't have Current US Address because i have Non-US Residents LLC in Wyoming, which have all addresses outside the united states . so which address we can put?
Do you not have a U.S. based registered agent for your WY LLC? If so, you may be able to use the address of the RA.
Great stuff, first -lace I have seen that discusses multiple owners and how to add the into the form. I assume, as the filer, I would need the driver license of all other owners?
You need either their licenses (or identification) or their FINCEN ID number.
Thank you for your video...I do have a question, if I am the sole beneficial owner, is just my name, sounds like a stupid question but I want to be sure
I’m not sure I understand your question. But if you are the sole beneficial owner, then you only report yourself for your reporting company. I hope I answered your question. 🙏🏾
@@talbertlawoffice Thank you...there is the part where you explained if there is another beneficial owner of 25% of the company, in my case there is none. I still need to include myself in the Beneficial Owner #1 section?
@blancamorales7400 Oh, I understand. Yes, as the 100% owner, you would report yourself because you own at least 25% of the company.
Thank you!!! @@talbertlawoffice
If the LLC is Control by the Trust then NOT Need fill the BOI ok?
I would advise checking with the person who created the trust. FINCEN does exempt some types of trusts, so it will depend on what type of trust controls the LLC.
@@talbertlawoffice Well, I have 2 different Trusts : 1- Family Trust 2- Business Trust then this type the Trust is Exempt ok?
@melhoresprodutos8899 business trusts are not exempt. Check the 3rd link of the linked resources in the description box. There is a list provided.
@@talbertlawoffice Thank you so Much and have a Great 2024
Thank you 🙏🏾
all llc businesses have to do this like landscaping ? before 2024 too or just after ?
Hey there just notice your question about filing, you should file your LLC for this tax season. Do you need help?
@@coachcortneyrose Great! Thank you so much!! Perfect video too!!
Mam I want to close my llc permanently and I want to know (BOI) is mandatory for me before dissolving my llc. Mam please clear my doubt.
My LLC is non resident llc in NH State and i am from India
If your LLC was formed before January 1, 2024, then you have until January 1, 2025 to file your BOI. With that said, as long as your LLC is dissolved before January 1, 2025, BOI reporting will not be mandatory for you.
@@talbertlawoffice mam any article or any report regarding this. If you have plz send me link because I am worried about penalties .
I put all the links in the description box of the original videos. You should check there.
@@talbertlawoffice mam plz send me that specific video link regarding this
If the LLC was created on or after January 1st 2024 you have 90 days left, no 30. 30 days are for LLC created on or after 01/01/2025.
So if I’m doing this for a non profit I can skip app but #37
Nonprofits are exempt from this requirement. Check out the resources in the description box.
So we only have to do this one time?
As of now, yes, this is a one-time report (unless something changes in the business that requires an update).
Does need to be filed EACH year?
Not yet.