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Podcast: Music Studio Startup: Helping music teachers thrive as entrepreneurs
Episode: 156 - Invitation to Dec. 10 Event + Beneficial Ownership Information (BOI) Reporting Requirement
Description: Today's episode is more of a public service announcement for studio owners who have businesses that are registered in the US. On January 1, a new reporting requirement from the US Treasury Department went into effect and it might impact you. I'm talking about the Beneficial Ownership Information Reporting rule or BOI Reporting requirement from the Financial Crimes Enforcement Network (FinCEN), part of the Corporate Transparency Act. Today I'm going to share what I learned in my research of the ruling. I'm going to go through this in a Q&A format that traces the path...