{"id":186,"date":"2025-03-05T03:52:00","date_gmt":"2025-03-05T03:52:00","guid":{"rendered":"https:\/\/tomfarandasfolly.com\/?p=186"},"modified":"2025-09-27T21:14:57","modified_gmt":"2025-09-27T21:14:57","slug":"the-business-beneficial-ownership-information-boi-filing-is-now-officially-defunct-not-sacrcasm-was","status":"publish","type":"post","link":"https:\/\/tomfarandasfolly.com\/?p=186","title":{"rendered":"The Business Beneficial Ownership Information (BOI) filing is now officially defunct. Not satire or sarcasm!"},"content":{"rendered":"<p>Good. More useless make-work from the Administrative State for small businesses and now it&#39;s gone. The Wall Street Journal editorialized against it several times in the last couple years.<\/p>\n<p>Here&#39;s an AI generated (ChatGPT) description of the purported goals but see the brief video by a CPA (who I rather doubt deserves all the credit he is taking) below the text. Anti-money laundering effort &#8211; but see who is exempt!<\/p>\n<p style=\"padding-left: 40px;\"><span style=\"font-size: 10pt;\"><strong>CHATGPT<\/strong> &#8211; The Beneficial Ownership Information (BOI) filing was a requirement under the Corporate Transparency Act (CTA) of 2021, mandating that businesses disclose information about individuals who directly or indirectly own or control at least 25% of a company or exercise substantial control over it. This measure aimed to combat illicit financial activities, such as money laundering and tax evasion, by increasing transparency in corporate ownership structures.<\/span><\/p>\n<p>&#0160;<\/p>\n<p><iframe loading=\"lazy\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen=\"\" frameborder=\"0\" height=\"315\" referrerpolicy=\"strict-origin-when-cross-origin\" src=\"https:\/\/www.youtube.com\/embed\/hnUurVfB8ic?si=g8Vzw1CPFmIG4E_C\" title=\"YouTube video player\" width=\"480\"><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good. More useless make-work from the Administrative State for small businesses and now it&#39;s gone. The Wall Street Journal editorialized against it several times in the last couple years. Here&#39;s an AI generated (ChatGPT) description of the purported goals but see the brief video by a CPA (who I rather doubt deserves all the credit [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-186","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=\/wp\/v2\/posts\/186","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=186"}],"version-history":[{"count":1,"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=\/wp\/v2\/posts\/186\/revisions"}],"predecessor-version":[{"id":7019,"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=\/wp\/v2\/posts\/186\/revisions\/7019"}],"wp:attachment":[{"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}