OBM, Online Business Operations Management, Ellie Hall

31/03/2025

FINALLY!! Good news! No need to file the BOI! That's one less item on my todo list. :-)

FinCEN Updates: FinCEN Removes Beneficial Ownership Reporting Requirements for U.S. Companies and U.S. Persons, Sets New Deadlines for Foreign Companies
03/21/2025
The information below is available at FinCEN.gov.


FinCEN Removes Beneficial Ownership Reporting Requirements for U.S. Companies and U.S. Persons, Sets New Deadlines for Foreign Companies

WASHINGTON––Consistent with the U.S. Department of the Treasury’s March 2, 2025 announcement, the Financial Crimes Enforcement Network (FinCEN) is issuing an interim final rule that removes the requirement for U.S. companies and U.S. persons to report beneficial ownership information (BOI) to FinCEN under the Corporate Transparency Act.

In that interim final rule, FinCEN revises the definition of “reporting company” in its implementing regulations to mean only those entities that are formed under the law of a foreign country and that have registered to do business in any U.S. State or Tribal jurisdiction by the filing of a document with a secretary of state or similar office (formerly known as “foreign reporting companies”). FinCEN also exempts entities previously known as “domestic reporting companies” from BOI reporting requirements.

Thus, through this interim final rule, all entities created in the United States — including those previously known as “domestic reporting companies” — and their beneficial owners will be exempt from the requirement to report BOI to FinCEN. Foreign entities that meet the new definition of a “reporting company” and do not qualify for an exemption from the reporting requirements must report their BOI to FinCEN under new deadlines, detailed below. These foreign entities, however, will not be required to report any U.S. persons as beneficial owners, and U.S. persons will not be required to report BOI with respect to any such entity for which they are a beneficial owner. For more information, see https://fincen.gov/news/news-releases/fincen-removes-beneficial-ownership-reporting-requirements-us-companies-and-us.

04/04/2024

Running errands with my gud gurl, Poppy! 💕🐶💕

12/12/2023

Donna of is one inspiring speaker. She shared so much wisdom about life, art, and business today . So powerful. She told us the most important thing to look for in a business partner is a shared vision. I couldn’t agree more! That’s why I strongly stress the importance to my entrepreneur clients to write down their vision and mission statements. When all of your decisions are in alignment with these two statements your business will flourish.

10/12/2023

Downtown McKinney shopping and tasting the 12 Wines of Christmas 🎅🏼 was super fun!

24/10/2023

What a nail-bitter of a series. LET’S GO RANGERS!! 💙♥️53💙♥️!!

20/08/2023

During the week it’s all computers and numbers. 💻 On Sundays, I paint to relax my brain. A couple of hours thinking about nothing is my favorite stress buster. 🤩
How are you creating down time?

31/07/2023

Take care of yourself and your 🐶going outside this week. It’s going to be a scorcher. 🔥

10/06/2023

One of my happy places. 😎

22/05/2023

For all the "thinking about starting up a little business to make some extra cash or leave my 9-5" friends... let this sink in.

Consider this:

Every professional was once an amateur.
Every bestseller started with a blank page.
Every podcast starts with zero listeners; every email list with zero subscribers.
Every freelancer starts with no clients and no portfolio.
Everyone who’s "got it figured out" is still figuring out more each day.

This is a direct quote from an email I received from Nick at https://www.sidehustlenation.com/

Most of the time, starting is the hardest part. If you don't know how or where to start, hit me up for a one-hour strategy call. Mention this post to pick my brain for $47. I want to see more of us breaking free and living our dreams!

The web's leading blog, podcast, and community for aspiring and part-time entrepreneurs building meaningful income on their own terms.

17/04/2023

When does a hobby become a business? Do I need to set up an LLC? What's an EIN? How do I even turn this great service/product into a making-money situation?

It's a big transition from doing something you enjoy for fun to offering it as a paid service. I get it.

I've been coaching small-business strategy for years and spent the past few years coaching with SCORE a program with the Small Business Administration with clients just like you that are ready to level up.

I have answers for you. Let's hop on a video call to get your business set up correctly for success.

www.heymissellie.com

24/02/2023

It's Friday, y'all. You have put in a hard week of work! Here's a smile to get us ready for the weekend. 😍🌮😍!

24/02/2023

SCORE is offering a $10 virtual workshop to go over ALL-THE-THINGS credit scores. The Feds raising rates and the rates lowering then up again is like a rollercoaster for people and businesses applying for loans. Credit scores are a HUGE part of qualifying for the best rates. I'm certain you will find a nugget of value to help you get the best rate on that next loan. Click the link!

The principal learning objectives in this workshop will be to explore the importance of credit scores and reports. You'll learn how to access information about credit scores and reports. We'll also discuss strategies to build and improve credit.