10/01/2024
Happy Tuesday BET Business Solutions/ BET Tax Service clients. We have gotten a lot of calls about who needs to file the Beneficial Ownership Information report. If your business/company (Corporation/LLC) was created by filing any document with the Secretary of State or any similar office, then you are required to file.
Fincen.org has listed those that are exempt from filing:
1 Securities reporting issuer
2 Governmental authority
3 Bank
4 Credit union
5 Depository institution holding company
6 Money services business
7 Broker or dealer in securities
8 Securities exchange or clearing agency
9 Other Exchange Act registered entity
10 Investment company or investment adviser
11 Venture capital fund adviser
12 Insurance company
13 State-licensed insurance producer
14 Commodity Exchange Act registered entity
15 Accounting firm
16 Public utility
17 Financial market utility
18 Pooled investment vehicle
19 Tax-exempt entity
20 Entity assisting a tax-exempt entity
21 Large operating company
22 Subsidiary of certain exempt entities
23 Inactive entity
If you would like for BET Business Solutions to file your report on your behalf, we ask that you visit our website at www.bettaxservices.com to schedule an appointment. These appointments are VIRTUAL ONLY.
BET Business Solutions | BET Tax Services is a tax preparation service located in St. Petersburg, Fl. Additional services include, payroll & business formation.