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Updated 7 days ago, 12/11/2024

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John McKee#5 Commercial Real Estate Investing Contributor
  • Investor
  • Fairfax, VA
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1,084
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Don't forget to file your BOI Reports by the end of the year

John McKee#5 Commercial Real Estate Investing Contributor
  • Investor
  • Fairfax, VA
Posted

If you own a business even if it's a pass through LLC for your real estate you have to file a BOI Report by the end of this year.

BOI stands for Benefit ownership information.  It's a one time free filing made to the FINCEN.  It's a pain in the butt, but at least it's a one time filing.  Bankers will be asking for proof of this filing as you get loans in the future.

https://fincen.gov/boi  

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