Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Short-Term & Vacation Rental Discussions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 6 months ago on . Most recent reply

User Stats

209
Posts
169
Votes
James R.
  • Investor
  • New Orleans, LA
169
Votes |
209
Posts

Beneficial Ownership Information Report for U.S. Government

James R.
  • Investor
  • New Orleans, LA
Posted

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

Most Popular Reply

User Stats

17,758
Posts
15,285
Votes
Chris Seveney
  • Investor
  • Virginia
15,285
Votes |
17,758
Posts
Chris Seveney
  • Investor
  • Virginia
ModeratorReplied

@James R.

BOI takes five minutes to complete on fincen site

Absolutely no need to pay someone to do it

  • Chris Seveney
business profile image
7e investments
5.0 stars
16 Reviews

Loading replies...