Personal Finance and Investing

Marthe48

(19,505 posts)

7. Thanks for explaining it so well

Sat Nov 23, 2024, 02:24 PM

Nov 23

I found the fincen.gov page when I started checking. Before I got into it, I wanted to be sure I was looking at the right BOI.
I'm a little worried that I'm totally illegal, because I didn't establish my booth as a business. We had a shop 40 years ago and did it all correctly for that. My partner got tired of the work, so we didn't renew at the end of that last year we had it.

I asked some questions of the manager of this vntage mall when I rented the space, but they didn't seem to think I needed to get other paperwork submitted. If I have to do anything, I think I can take care of it on my own.

It is a shame that this nformation is passed along right before the holidays. I'm sure I'll find time to see what, if anything, I need to do, but I was not expecting to do accounting 1.0 or 2.0!

Thanks again!

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Highlight:

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