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Personal Finance and Investing

FBaggins

(27,901 posts)

1. If you aren't an LLC then you shouldn't need one

Reply to Marthe48 (Original post)

Sat Nov 23, 2024, 01:55 PM

Nov 23

It’s just a form identifying the owners of the LLC. If you’re doing business under your own name - that isn’t an issue.

Now… doing business under your own name has other risks. But that’s a different conversation

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The manager of the vintage mall just sent email that LLCs need to submit a BOI [View all] Marthe48 Nov 23 OP

If you aren't an LLC then you shouldn't need one FBaggins Nov 23 #1

I talked to another vendor awhile back Marthe48 Nov 23 #6

Required report to the fed dept of treasury IbogaProject Nov 23 #2

I think you are confusing ss with the irs.... getagrip_already Nov 23 #3

After my husband passed away Marthe48 Nov 23 #8

Just fyi, you always need to file a return.... getagrip_already Nov 23 #12

I have no idea, and I'm sure you already googled for "boi." But I found FinCEN's website. Beartracks Nov 23 #4

Yeah, I learned about this the Friday before the election Mike 03 Nov 23 #5

Thanks for explaining it so well Marthe48 Nov 23 #7

Maybe your booth is governed by less Mike 03 Nov 23 #9

I thought the wording in fincen seemed reassuring Marthe48 Nov 23 #10

One last thing that might set peoples minds at ease: Mike 03 Nov 23 #11