Beneficial Ownership Information Report for U.S. Government

[James R.]

I originally set up my RE LLC through ZenBusiness. ZenBusiness adds reporting requirements every year. I received the following email below from them. The rule went into effect January 1, 2024.

Have any of your also received this reporting requirement for your LLCs? It appears the fee is for each LLC, so if you have multiple RE LLCs, you have to report each one and pay the fee. There's also an annual fee of $50. I have attached the hyperlink to the website.

"This is a final reminder to save $50 on filing your Beneficial Ownership Information report for XYZ, LLC. This filing is a legal mandate by the U.S. Treasury's Financial Crimes Enforcement Network.

Until August 31, 2024, you’ll only pay $99 upfront instead of $149. Get it off your to-do list today before our discount ends.

Ensure compliance today to avoid the potential $500 per day penalty for late filing".

https://www.fincen.gov/boi/small-business-resources