If you have an LLC, and it is not on the list of exemptions, it is a US Federal requirement to submit your initial Beneficial Ownership Information.
Why?
The Financial Crimes Enforcement Network, FCEN, of the US Treasury requires it.
Why are we writing about it?
Because I had never heard of it until today and it was originally opened many months ago. Also, most people I know with an LLC do not fall into the exemptions.
How long does it take?
Valutivity LLC has an EIN, so it only took me about 10 minutes to apply.
When is it due?
https://www.fincen.gov/boi-faqs#B_2
To file:
https://boiefiling.fincen.gov/fileboir
If you have questions:
What happens after you submit it?
- Download a PDF of the form, because it contains your 14-digit Beneficial Ownership Information (BOI) number.
- You will receive an email with confirmation that you had have applied it, but it won't include the BOI, for safety reasons.
What's next?
Apply here if you would like to get notifications for potential future due dates.
https://service.govdelivery.com/accounts/USFINCEN/subscriber/qualify