Beneficial Ownership Information Report
As part of the Corporate Transparency Act, a new federal mandate requires that businesses file a Beneficial Ownership Information Report to avoid criminal and civil penalties.
Anyone do this yet or know anything about it? Complicated? What problem are they trying to resolve by implementing this?
LegalZoom wants $149 to file it for me...
Beneficial Ownership Information Report
As part of the Corporate Transparency Act, a new federal mandate requires that businesses file a Beneficial Ownership Information Report to avoid criminal and civil penalties.
Anyone do this yet or know anything about it? Complicated? What problem are they trying to resolve by implementing this?
LegalZoom wants $149 to file it for me...
12 replies
Seller_CW0P5hgbsiqWX
Amazon has the information required. That is what the validation was all about last spring. Amazon now makes sure that all the information is in their possession when they sign up to sell.
Legal Zoom will sell you everything that can easily be done yourself if you only know where to look. Don't think you will be dealing with a lawyer. They simply collect money from you and fill in the online forms readily available from the agency to which you are applying.
Seller_1T2lQGbwtB8x9
Just google "FinCen BOI"
You can fill it out in about 5 min or less on the FinCen website, and depending on when you created your business you may have until next year I believe. There is also a legal challenge so it may not even end up being enforceable.
And Amazon has not required any disclosure about it.
Seller_kPYn2eaKfbniK
If Legal Zoom is offering to do it, im sure it can be done easily yourself. Save your $$!
