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Updated 13 days ago, 12/11/2024
John McKeePoster#5 Commercial Real Estate Investing Contributor
- Investor
- Fairfax, VA
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Don't forget to file your BOI Reports by the end of the year
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.