09/03/2024
Don't forget to file your business Beneficial Ownership documents! It's much simpler than I expected.
Make sure to read through the information on the gov website, but here's my quick assessment. Please note I am not a lawyer, so ensure you confirm information before you rely on this. It is just informative to get you started.
1) BOI applies to your business if you filed something with your secretary of state (e.g. if you're a sole proprietor, you don't need to file, but if you filed LLC documents, even single-member LLC, you do need to file).
2) You'll need a copy of your ID on hand (e.g. drivers license or passport) because you'll need to type in the number, and also upload a photo of the ID. Save time and get the photo onto your computer before you start.
3) Have your EIN ready, you'll need to enter it.
Make sure to download the document and save it. I recommend putting the name of your company in the filename because the confirmation pdf for some reason, has the BOI number but doesn't include the name of the company.
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