Founders

PSA: If you own a business in the US, even a single-member LLC like me, you need to file a beneficial information report by Jan 1. It's a new FINCEN reporting requirement that has been very poorly publicized but is still necessary. It's a very simple form if your business was formed before 2024, and I recommend getting a personal FINCEN id first before filling out the form, which will also give you a reporting company FINCEN id after you successfully submit. Getting those ids is important for future edits. Whole thing took me 5 minutes. Annoying but worth it to avoid future headaches. Everyone with either "substantial control" or more than a 25% stake in the entity needs to be included (and should get their personal FINCEN ids first)

I randomly learned about it like 6 months ago from a tweet or something, and then more recently my CPA told me I needed to do this, and it's a real thing. Just very poorly publicized.

Disclaimer: Not a lawyer or CPA... check for yourself.

https://www.fincen.gov/boi

From 1-10, how tuned are you to your startups financial regs/reqs? 

If not a startup but an entrepreneur, I’d like to still know.

(I’ll tell you my number if you tell me yours)

Farcaster Development Boutique @ https://dTech.vision 💜 in love with tech 🤓decentralization, fitness and oldschool rap 😎

I’m the roofer that has a leaky roof. 
The financing guy that has neglected everything except tech and family.