How to File BOI Report with FinCEN - Example for Single Member LLC скачать в хорошем качестве

How to File BOI Report with FinCEN - Example for Single Member LLC

When to Update BOI Reports?    • BOI Report Updates for FinCEN - What Infor...   The Corporate Transparency Act (CTA) now requires domestic and foreign reporting companies to provide information about their beneficial owners and company applicants to FinCEN. The BOI Report is a one-time filing obligation, however, the reporting company may need to file an updated BOI Report in future years if there are any changes to information originally submitted on the report. Updates would include changes to the beneficial ownership structure (changes in who holds the equity), changes in address for either the company or beneficial owners, expired identification documents for the beneficial owners, changes in the company management (e.g., CEO retires and new CEO is appointed), etc. In this example, we have a foreign-owned single-member LLC that was established in March 2024. The LLC must file a BOI Report within 90 days, which discloses the owner as the beneficial owner and company applicant. Timestamps 0:00 Introduction 0:45 Background on CTA 2:36 What is a Reporting Company 4:26 What is Substantial Control 5:52 Fact Pattern for Tutorial 9:06 Sample BOI Report for Foreign Owned Single Member LLC For a larger database of tutorials, please visit our website and search for your question: https://knottlearning.com/ DISCLAIMER: The information provided in this video may contain information about tax, financial, and legal topics. Such materials are for informational purposes only and may not reflect the most current developments. These informational materials are not intended and should not be taken as tax, financial, or legal advice. You should contact an advisor to discuss your specific facts and circumstances. Self-help services may not be permitted in all states or jurisdictions. The use of these materials does not create an attorney-client or confidential relationship. This video does not include information about every topic or issue related to these informational materials. #FinCEN #CorporateTransparencyAct #BeneficialOwnership