Important Reminder: BOI Filing Deadline is March 21st!

The rollercoaster ride is over—the BOI (Beneficial Ownership Information Report) is officially back, and the deadline clock is ticking!

If you own an LLC or Corporation in the U.S., listen up: 99% of small business owners MUST file this report or face serious consequences. And no, waiting to see if the Supreme Court overturns it won't save you—this requirement is active, enforceable, and carries penalties of over $500 per day for non-compliance!

What’s Going On?

BOI reporting is back in full force after a federal court lifted all injunctions preventing enforcement. The Financial Crimes Enforcement Network (FinCEN) just confirmed that every small business owner must comply—no more delays, no more waiting on legal loopholes.

📅 New Deadline: March 21, 2025
💰 Failure to file? Over $500 per day in penalties (yep, they mean business).
🚨 Jail time? It’s on the table for non-compliance.

Think you’re off the hook? Let’s break it down.

Do You REALLY Need to File? (Hint: Probably Yes)

If you have an LLC or Corporation, you must file unless you meet one of these narrow exemptions:

✅ Your business has 25+ employees AND over $5M in revenue.
✅ Your LLC was formed before 2021 and has had ZERO activity (no bank account, no transactions, no property ownership).

If that’s not you—you must file.

And don’t think having a trust or another business owning your LLC protects you—FinCEN requires full transparency. They will trace ownership back to YOU.

New Companies Starting in 2025

• Companies registered on or after Jan. 1, 2025, must file their BOI reports within 30 days of their creation or registration becoming effective.

What You Need to File

FinCEN wants:
✔️ Your business name & EIN
✔️ A list of all beneficial owners (anyone with 25%+ ownership)
✔️ A list of anyone with substantial control (managers, officers, etc.)
✔️ Home addresses & government-issued IDs (driver’s license, passport, etc.)

Sounds invasive? It is. But you don’t have a choice.

Why Is the Government Doing This?

The official story: This is an effort to stop money laundering, tax fraud, and illegal businesses that hide behind LLCs.

The reality? It’s another government tool to track small business owners, and it’s coming with massive penalties if you don’t comply.

The kicker? Even if your business is inactive, you STILL need to file, or you could be hit with fines!

Here’s What You Can Do RIGHT NOW  -

 👉 File it yourself at the FinCEN website

  👉 Dissolve old LLCs you don’t need (If you’ve been putting it off, NOW is the time).

🔥 Real Talk: This is Your Wake-Up Call

💭 Got old LLCs collecting dust? Time to clean house.
💭 Been putting off tax & legal housekeeping? No more excuses.
💭 Think this will "go away" if you ignore it? It won’t.

This is your moment to get organized, protect your business, and avoid ridiculous fines. 

📅 March 21 is coming fast. Don’t wait until it’s too late!

Stay smart. Stay compliant. Let’s keep your business protected.

🔥 P.S. Know a fellow business owner? Forward this Newsletter and save them from BOI penalties! We’re all in this together! 🚀