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if you have an LLC or an es Corp in the United States write this date January 1st 2024 down right now theres a new requirement a federal requirement that you need to complete a Boi it is a beneficial ownership information report and it is new and what you are going to provide is information about your business your business key details and the business ID number and then anyone who owns 25% or more of that business is required to provide their name their address their data of birth a government issued ID like a passport or drivers license and an image of that document so this is estimated its going to impact about 32.6 million business owners and the fines for not doing it are really really steep you can be penalized up to $500 a day for a maximum of $110,000 for not filing they are doing this to prevent money laundering and fraud but you need to make sure to mark this date down and complete the form so that you are in compliance this is legit its they verified but I get so many qu