As part of the financial enforcement crimes network, the government is going to make people or beneficial owners of these LLCs and entities file these BOI reports so that they can know who owns and has interest in them. Beneficial owners are ultimately who own or control these entities.
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DISCLOSURE: I am a CPA, although you need to confirm this information with your own tax advisor as you must always consider your specific facts and circumstances. The content presented in this video is for entertainment purposes only. The information in this video should not solely be relied upon nor considered tax advice.
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