This is Edward-Verified! 👌 Starting January 1st, 2024, there's a new federal requirement that all LLCs and S corps must be aware of. It's called the BOI - Beneficial Ownership Information Reporting. And it is true that the fines for non-compliance can get seriously steep, up to $500 a day, with a max of $10,000. Now, in order to avoid this costly penalty, you should definitey check out the training I did about this by clicking the link in my bio. #BOI #IRS #LLC #Scorp #Taxes #ReaWealthWisdom #GetUpleveled credit: Melissa San Roman - @melissa.san.roman SF0254