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BOI reporting

Posted on 3/5/25 at 8:12 am
Posted by diat150
Louisiana
Member since Jun 2005
47141 posts
Posted on 3/5/25 at 8:12 am
are you gonna file even though they said that they wont enforce any fines, etc?
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
92937 posts
Posted on 3/5/25 at 8:15 am to
I filed all of mine last year

Isnt it a one time thing? Or does it need to be renewed?
They said it was optional just yesterday right?
Under the Orange admin im not concerned
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10603 posts
Posted on 3/5/25 at 8:17 am to
One time thing is my understanding.
Posted by TheOcean
#honeyfriedchicken
Member since Aug 2004
45100 posts
Posted on 3/5/25 at 8:59 am to
Hell no I'm not filing
Posted by UpstairsComputer
Prairieville
Member since Jan 2017
1795 posts
Posted on 3/5/25 at 10:02 am to
What's the point if it's a one time thing? I can open more businesses this year to circumvent the system - assuming it's all to prevent money laundering and the like...
Posted by HailToTheChiz
Back in Auburn
Member since Aug 2010
53511 posts
Posted on 3/5/25 at 11:01 am to
quote:

One time thing is my understanding.


It's supposed to be updated as things change with the business
Posted by AllbyMyRelf
Virginia
Member since Nov 2014
3992 posts
Posted on 3/5/25 at 11:32 am to
Not filing until absolutely necessary
Posted by kaaj24
Dallas
Member since Jan 2010
877 posts
Posted on 3/5/25 at 12:12 pm to
I feel bad for the business that spent money for the compliance. Many law firms were charging $2500 per entity/filing
Posted by prestigeworldwide
Member since May 2018
396 posts
Posted on 3/5/25 at 12:22 pm to
Not filing. Attorney we were referred to required a $1,000 retainer. I would feel more comfortable if they made an official announcement/ruling that it was dead or not required. At that point, I will request my money back.
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