013: Beneficial Ownership Information (BOI): Why Isn’t Anyone Talking About This?

SelfPubEmpire Podcast

🕵️‍♂️💼 Have you heard about Beneficial Ownership Information (BOI)? 🤔 It's the new requirement for small business owners from the Federal financial crimes enforcement network! Why isn't anyone talking about this? 🤷‍♂️ Stay informed and take action! #BOI #ComplianceMatters 🚨

If you are going to be an online creator, I personally encouraged you to incorporate a business for the tax benefits back in Episode 2. It also requires some overhead such as government regulations and filings.

A new one that has been enacted is the BOI for small businesses. This is coming from the Financial Crimes Enforcement Network.  Why isn’t anyone talking about this?

The FinCEN (fincen.gov) Financial Crimes Enforcement Network is a bureau of the US Department of Treasury.

I am very surprised that this requirement for small businesses has not had much “air play” anywhere. I cannot say I understand why. If you search for news articles on the Corporate Transparency Act or Beneficial Ownership Information, you will not find the main news outlets covering this. Financially related news outlets seem to be mentioning it, but it’s just not prominent.  I encourage you to dig into this yourself and file if you need to do so. Government regulations are a not to be ignored when you are working towards going from “posts to profits”.  I hope this episode has helped you and that I see you next time right here on the selfpubempire podcast.

Edited with Resound