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Episode 143: Tim Proctor - GRP Studios - "Government Overreach?"
Manage episode 442725277 series 3604335
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I have been away for a bit over the past month so I am a little behind in getting episodes completed for the podcast but the Check Your Six podcast is "Back In The Saddle Again, thanks to Aerosmith, talking about BOI reporting. In case you are not aware of it as a business, especially a small business, you have until January 1, 2025 to file your BOI report on fincen.gov for your business. I covered this topic with Jennifer Englert with the The Orlando Law Group back in 12-25-2023 and today is a little bit more about the website, who needs to file, some questions from the website and some general concern about what this will mean for small business. To quote the website,"This law creates a new beneficial ownership information reporting requirement as part of the U.S. government’s efforts to make it harder for bad actors to hide or benefit from their ill-gotten gains through shell companies or other opaque ownership structures." The unspecified government agencies that will have access to this information and the unspecified groups or individuals that can request access to this information to me is a little concerning, but we will see!! There may be more to come on this topic.
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