Don't File The BOI Report Until You've Seen This!

Before you file the BOI report, make sure to watch this video! I'll share some crucial information about the report that you need to know before you send it off, trust me. This isn't something you will want to miss!

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Lawyer Disclaimer (Occupational Hazard): This is not legal advice. Everything here is for informational purposes only and not for the purpose of providing legal advice. You should contact your attorney for advice regarding any particular issue or problem.

[knopebnope]

What's absolutely WILD is that most banking and investment entities are exempt. This is literally the govt further targeting small businesses while protecting their cash-cow corporations.

[takaraizumi]

This law simply needs to go away. Small business owners are constantly a target of this government. Thank you, Mr. Baker for your updates with this.

[hoshea]

Good News!

A federal district court, finding that the Corporate Transparency Act (CTA) is likely unconstitutional, issued an order Tuesday prohibiting the enforcement of the CTA and the beneficial ownership information (BOI) reporting rule in the CTA’s accompanying regulations.

[chrisguli]

The other consideration is, if you ever watched the Netflix series Ozark, money laundering happens with big entities, just the type of entity they are exempting in the CTA/BOI reporting (> $5 million revenue). So, that tells me this is an attack on small businesses, nothing less.

[jonmorgan]

Time to abolish the Federal Reserve and the IRS.

[duckielouise]

In what universe does the government not already know where I live?

[SelfMadeConservative]

Why do we have to complete a BOI when we already pay every year in our state to register and confirm the name of our corp and other details such as address? This makes no sense bc it’s redundant!

[chrisguli]

Well, it's Oct 5, 2024 and waiting for any updates on this. I am waiting until mid November after election time to see if there's any new rulings. If there's nothing new happening by then I will file. I wouldn't wait until Dec 31 if we have to file, in case something goes wrong.

[nawazwaheed]

Great and wonderful video, good to listen.Mr James please keep updating us

[cyramclennan]

I started my LLC a few years ago and was slowly going through the building up my business and getting all my legal ducks in a row. This BOi report has literally threw me off my path. It just caused me so much more anxiety that I no longer can even think about businesses and have no drive to even start one now. 🙃

[bobaret]

How was I supposed to know about fincen?
I never received a notice from the government about this!!

[mikerapp]

This seems like a Federal registration for business. It’s the first step to nationalizing (socializing) private business.

[aphrodite]

The guise of money laundering. Where have I heard this b4? Oh right take the Safe and Effective jab in the name of public health. F the Gov.

[gwendolynjackson]

Thank you, James. This is great news. May the Judicial and Business Owners win.

[valvalentina]

Now is September 20, any news on this.
Thanks

[albertpolo]

Thank you for the update. Keep us posted please.

[jfernandez]

Please, The IRS hasn't answered my application for the EIN. This week is already the due date for BOI report. I have been sent 3 faxes, I called 4 times and they don't answer. The IRS has changed a lot.

[muhammadsafdar]

It is my 1st comment ever, but you are doing wonderful, You mentioned, it is 60 days to file BOI for LLC formed in 2024, could you please reconfirm as FinCen guide says that it can be filed in 90 days post formation.

[michaelmaignan]

Any update on the BOI report do we still need to do it or not ?

[yramola]

Wondering if we have any updates on this?