US SMLLC Beneficial Ownership Information Filing

[andrew28fl]

Hello,

My registered agent for Wyoming LLC told me that I need to file my BOI report by January 2025.

Their website also says the same: https://fincen.gov/boi-faqs#B_1

Anyone else has filed this report already? Is there anything I need to be careful about? Canadian citizen, non-US resident, Single Member USLLC with no US-connected income in my case.

 

[Clank]

It takes less than 5 minutes. Just don't lie on it.

 

[daniels27]

Yes. We discussed the US address problem many times here. You can and have to use your US address when they ask for an yes address. It did not make you tax resident in the US or anything.
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Post in thread 'FINCEN and company address problem'​

Mar 8, 2024

Alexmorgan said:
Yes its disregarded entity but you will be taxed if you have an official office in US

Which BOI report require us to have

So in order to fill the BOI you need to have the physical address and if you got physical address the IRS will tax you
Click to expand...

No, the BOI report only requires one to fill in a US address for the LLC, there is no requirement that it has to be an office or a "physical" address (whatever that is). It can't be the address of the registered agent though, but it can be a virtual address or any US address provided by a mail forwarding service.
When registering a US LLC...

• Cloudbanck

 

[Forester]

andrew28fl said:
Anyone else has filed this report already?
Click to expand...

This is a quite new regulation, in force less than a year, so not so much experience to expect...

andrew28fl said:
Is there anything I need to be careful about?
Click to expand...

Clank said:
Just don't lie on it.
Click to expand...

@Clank is 100% right. BOI is to be delivered to the federal institution; and be advised it is a felony to lie to a federal official, under the US law. So really do not claim what is not true, to avoid unnecessary big trouble.

daniels27 said:
Yes. We discussed the US address problem many times here. You can and have to use your US address when they ask for an yes address. It did not make you tax resident in the US or anything.
[IMG alt="Cloudbanck"]http://localhost/data/avatars/s/33/33569.jpg?1727588608[/IMG]

Post in thread 'FINCEN and company address problem'​

Mar 8, 2024

Alexmorgan said:
Yes its disregarded entity but you will be taxed if you have an official office in US

Which BOI report require us to have

So in order to fill the BOI you need to have the physical address and if you got physical address the IRS will tax you
Click to expand...

No, the BOI report only requires one to fill in a US address for the LLC, there is no requirement that it has to be an office or a "physical" address (whatever that is). It can't be the address of the registered agent though, but it can be a virtual address or any US address provided by a mail forwarding service.
When registering a US LLC...

• Cloudbanck

Click to expand...

True. Worth noting.

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I am just a simple countryman. Anything I say is only a personal opinion, not a certified advice 🙂

If you think it makes sense, you can like it; if opposite, please, tell me, why I am wrong...

 

[cuno]

Clank said:
It takes less than 5 minutes. Just don't lie on it.
Click to expand...

If you know what to fill in their form, then maybe do it, but if you're unsure about what information to provide, it can be difficult and take a bit more time.