# @edwardcollins_upleveled on Instagram

- **Type:** Video
- **Original URL:** https://www.instagram.com/p/Cyv41cyuRZf
- **Gondola URL:** https://gondola.cc/posts/35104722-edwardcollins-upleveled-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/a99cfc9116.jpg
- **Posted:** 2023-10-23T16:38:45.000+00:00
- **Account Owner:** Edward Collins | Money Lawyer & Wealth Strategist (@edwardcollins_upleveled) — https://gondola.cc/edwardcollins_upleveled

## Caption

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

## Stats

- **Views:** 356,709
- **Likes:** 11,565
- **Shares:** 0
- **Comments:** 286

## Tags

reawealthwisdom, scorp, llc, irs, boi, getupleveled, taxes

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