Darcella Craven, Regional Advocate at the US Small Business Administration talks about the BOI form that ALL businesses must complete & submit.

Pursuant to the Corporate Transparency Act, EVERY business has to fill out a BOI form, so find your EIN number & a pdf of your passport or drivers license, and go to https://www.fincen.gov/boi to fill out the form so you don't get fined. Takes about 10 minutes if you're prepared.

Small Business Advocacy and Compliance Discussion

Mary Scott from BusinessRiff introduced Darcella Craven, the regional advocate for the Small Business Administration's office of advocacy, who discussed the Beneficial Ownership Information (BOI) form. This form, developed by the Financial Crime Enforcement Network (FinCEN) in 2022, aims to ensure corporate transparency and verify the authe ...