Just popping in with another reminder that the
deadline to file your Beneficial Ownership Information (BOI) report is Dec 31, 2024. From what I understand, this requirement applies to you if you have a corporation (LLC, S-corp, etc.) and if you're an indepdent contractor.
You can do that (and learn more) here, or talk to your accountant.
Here's some info that my accountant passed on:
Here’s what you need to know:
- BOI Filing Requirements: The BOI should include details about individuals who own, control, or significantly influence the company. This includes those with at least 25% ownership or substantial control over the business.
- Information to be Filed: You'll need to provide the company's legal name, DBAs, principal business address, jurisdiction of formation and taxpayer identification number. We also must include beneficial owners' personal details including legal name, birthday, residential address and a copy of their passport or driver’s license.
- Filing Deadlines: Existing businesses
must file their BOI starting January 1, 2024, with a one-year window to comply (due by December 31, 2024). New businesses formed after January 1, 2024, have 90 days post-registration to file. For businesses established post-January 1, 2025, the timeframe is 30 days.
- Access to BOI Information: Various government entities, financial institutions, and specific foreign officials will have access to this data.
This will not be a public database for anyone to access.