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The Corporate Transparency Act is probably something the average business owner has heard of, but it's certainly something you should be aware of if you have an LLC.

This act now requires certain companies to report Beneficial Ownership Information on a yearly basis. But what does this mean, and who does this affect?

In this episode, I talk with CPA and tax advisory expert, Leslie M. Jones, of L.M. Jones & Associates, and she breaks down exactly what this means for you as a business owner. Listen in as Leslie and I discuss the origin of this new requirement, why it matters, and how you can make sure you're in compliance. This is an episode you do not want to miss!

In this episode:

0:03 Understanding the Beneficial Ownership Information Requirement

3:01 Why is This New Requirement Relevant?

4:45 Who This New Requirement is For

5:27 How to File Your BOI

8:14 What Happens If You Do Not File On Time

12:54 Annual Report and EIN Requirements

18:20 BOI Filing Assistance and Resources

Links mentioned in this episode:

File your BOI
Visit Leslie's website

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