Hi there,

The self-imposed FINCEN BOI Reporting Requirements deadline for existing businesses is now just 6 weeks away. Are you ready?

If you’re not familiar with these requirements, no worries—I’ve included a helpful link at the end of this newsletter to get you up to speed. But for now, let’s dive into the bigger issue: why is this process so unnecessarily complicated?

Here’s the reality: this new policy affects roughly 33 million small businesses nationwide. Yet, awareness campaigns have been minimal at best. Add to that the looming threat of fines—up to $10,000 for “willful violations”—and it’s clear we’re dealing with yet another example of over-complicated bureaucracy.

Why This Matters:

Compliance isn’t optional, but the process should be better. Right now, duplicative efforts create confusion, waste time, and add unnecessary stress to business owners who already have plenty on their plates.

What Needs to Change:
Imagine a system where Beneficial Ownership Information (BOI) reporting is simplified:

1. You register your corporation.

2. BOI is submitted as part of your business registration.

3. State and federal authorities share information as needed.

4. Done.

No duplication. No headaches. Just efficiency.

Our Advice for Now:
Don’t delay—file your BOI and avoid the hassle of penalties. But keep advocating for smarter, streamlined processes that support small businesses instead of hindering them.

Need help navigating compliance? We’re here to support you every step of the way.

Read More About BOI Requirements

Your Partners in Growth,
The ASO Financial Team
Brought to you by The Profit Pilot Newsletter

P.S. Don’t forget—compliance today can save you headaches tomorrow. Let’s get this done and move on to building your business!