BOI Reporting Made Easy for Business Owners

**Newest BOI Update…
Reporting Requirements Reinstated: The BOI reporting requirements are back in effect. A federal judge lifted the nationwide stay on February 19, 2025, allowing the government to resume enforcement of the BOI Rule.

New Deadline: The new deadline for most reporting companies to submit their initial, updated, or corrected BOI reports is March 21, 2025.

Are you preparing to file your BOI (Beneficial Ownership Information) report but feeling overwhelmed? Maybe you’ve been putting it off, thinking it’s too complicated.

Here’s the good news—it’s much simpler than you might think!

In this video, I’ll guide you through the step-by-step process of filing your BOI report. We’ll cover everything you need to know, from gathering the correct documents (like ownership details and identification numbers) to safely filing your report online without falling for scams.

You’ll also learn why most businesses only need to file this report once unless ownership changes.

Resources mentioned in this video:

Who Needs to File:
Required Entities: Most corporations, LLCs, and other entities registered in the U.S. or operating here through foreign registration.

Exempt Entities: Publicly traded companies, certain financial institutions, nonprofits, and large companies meeting specific criteria (e.g., $5M+ in annual revenue and 20+ employees).

Timestamps:
0:00 - Introduction
0:14 - Overview of BOI Report
0:27 - Filing with FinCEN
0:38 - Avoiding Scams
1:04 - Preparing Required Information
1:52 - FAQs and Exemptions
2:30 - Starting the Filing Process
3:00 - Filing Deadlines and Fees
3:38 - Initial Filing Steps
4:40 - Reporting Company Information
5:22 - Jurisdiction and Entity Details
6:01 - Physical Address Entry
6:29 - Existing vs. New Entities
7:02 - Beneficial Owner Information
7:57 - Identification Document Submission
9:10 - Final Steps and Submission

I’d love to connect with you 🤗

#CandusKampfer

[AGAPESHALOM_Carni]

Thank you so much. I didn’t hear anything until 2 mornings ago when your feed came up. Thank you. You’re a life saver.

[landonyoungblood]

Thank you so much for the step by step. VERY HELPFUL

[brendaS]

Thank you so much, Candace! Someone just told me their accountant wants to charge them $500 to fill this out for them. Luckily he found out it has been ruled unconstitutional before he forked over that money! As I understand, this is really to help weed out money laundering and major crimes. So if anyone would still like to comply, at least they know they don't have to go broke filing it!!!

[christinahartline]

Thank you so much! You made this so easy to complete!

[sumansharma]

Great & detailed info, thanks a lot Cadus Kampfer !!

[Malleymeals]

Thanks!! It looks fairly easy - no need to pay to have it done. In Florida they charge $75 to do this 😂.

[danielsnyder]

Thankfully, this happened:

"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 (BOl) reporting rule in the CTA's accompanying regulations.
The injunction, which according to the court should apply nationally, was issued in Texas Top Cop Shop, Inc. vs. Garland, No. 4:24-CV-478 (E.D. Texas
12/3/24).
Under the injunction, the CTA and the BOl reporting rule cannot be enforced, and reporting companies need not comply with the CTA's Jan. 1, 2025, BOI reporting deadline pending a further order of the court.
The Financial Crimes Enforcement Network (FinCEN), which enforces the CTA, is reviewing the order, a spokesperson said Wednesday, pointing out that other courts have denied similar requests. The Justice Department did not immediately respond to a question about plans to appeal." Per the AICPA

[morahoffman]

It is free to file on the website they provide and its easy to fill out, however it os no longer required from what I understood. Unfortunately, I don't like to put things off, so I filled a while back. I did not want to be dined or spend time in jail.

[sairavaldivia]

Are we supposed to file it since it is unconstitutional ?