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GIP Financials

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YouTube Video UCT6N7PQFosCeOqUxZ8zIrXQ_o5kyLC4ru4I

$Summary: In this episode, Sonja Jones discusses the Beneficial Ownership Information (BOI) form, which is a requirement under the Corporate Transparency Act. She addresses common misconceptions, filing requirements, deadlines, and answers frequently asked questions about the form. The episode aims to educate entrepreneurs on the importance of compliance and provides guidance on how to navigate the filing process effectively. Takeaways: - The BOI form is essential for identifying business ownership. - Filing the BOI form is free and can be done independently. - The Corporate Transparency Act aims to prevent the formation of ghost entities. - Entities created before January 1, 2024, have until the end of the year to file. - Nonprofits may still need to file the BOI form despite being tax-exempt. - Sole proprietors do not need to file the BOI form if they haven't formed an LLC. - Filing deadlines vary based on when the entity was created. - It's crucial to check with your Secretary of State for specific requirements. - The BOI form must be updated if there are changes in ownership or structure. - Resources are available on the FinCEN website for assistance. Chapters: 00:00 - Introduction to the BOI Form 03:14 - Understanding the Corporate Transparency Act 06:10 - Who Needs to File the BOI Form? 09:05 - Filing Deadlines and Requirements 12:04 - Common Questions About the BOI Form 14:56 - Navigating the Filing Process 17:49 - Final Thoughts and Resources #BIOFORM #fincen #entrepreneurshipinsights #entrepreneur #finance Enroll in GIP Academy! https://www.gipacademy.com compliance, entrepreneurs, money tasks, monthly tasks, quarterly tasks, bookkeeping, bank accounts, accounts payable, accounts receivable, reporting, profit and loss, balance sheet, cash flow statement, forecasting, estimated income tax, payroll taxes 🌟 Stay connected and dive deeper into the world of From Chaos to Clarity: Unleash Your Business Potential! 🌐✨ Follow us on social media for exclusive content, behind-the-scenes glimpses, and updates on the latest episodes. 🎙️ Join our community and be part of the conversation! Instagram: https://www.instagram.com/gip_financials/ LinkedIn: https://www.linkedin.com/in/sonja-jones-fractional-cfo-%F0%9F%93%8A-9021542b/ Facebook: https://www.facebook.com/GIP.FINANCIA... Tiktok: Link: https://www.tiktok.com/@gipfinancials?_t=8rHnPhpI5bX&_r=1$

Summary:
In this episode of the From Chaos to Clarity podcast, Sonja Jones and Nancy Brownlee discuss the journey of entrepreneurship, focusing on the importance of financial management, pitching, and networking. Nancy shares her personal experiences with funding, the challenges of balancing a full-time job with entrepreneurship, and the critical elements of a successful pitch. The conversation emphasizes the need for entrepreneurs to understand their numbers and the expectations of investors, as well as the value of continuous practice and innovation in business.

Takeaways:
-Entrepreneurs often go broke trying to fund their dreams without proper financial education.
-Pitching is essential for selling your business and attracting investors.
-Networking is crucial; you never know who might be in the room.
-Realistic financial projections are key to successful pitching.
-Understanding the difference between equity and loans is vital for entrepreneurs.
-You need to know your numbers to avoid legal and financial pitfalls.
-Self-care and time management are important for balancing multiple responsibilities.
-Continuous practice in pitching leads to greater confidence and competence.
-Feedback from pitching can help refine business strategies and offerings.
-Community support and networking can significantly impact business growth.

To reach Nancy, contact: 901-422-0845 or email at prideworksagency@gmail.com

Nancy Brownlee is a seasoned serial entrepreneur, pitch coach, and certified master life coach with a passion for empowering individuals and businesses to reach their fullest potential. With several years of experience in launching and scaling successful ventures across diverse industries, Nancy has a unique perspective on the challenges and opportunities that entrepreneurs face.

As a pitch coach, Nancy has helped countless startups refine their messaging and present their ideas with confidence. Her expertise in storytelling and strategic communication enables her clients to effectively engage investors and stakeholders, resulting in successful funding and partnerships. Nancy’s hands-on approach, combined with her keen insights, has made her a sought-after mentor in the entrepreneurial community.

Chapters:
00:00 - Introduction to Entrepreneurship and Personal Journey
04:52 - Funding and Financial Management in Business
10:04 - Balancing Full-Time Work and Entrepreneurship
15:36 - The Importance of Pitching for Entrepreneurs
18:44 - Core Elements of a Successful Pitch
24:51 - Understanding Investor Expectations and Business Valuation
32:06 - Conclusion and Networking Opportunities

Enroll in GIP Academy!
https://www.gipacademy.com

🌟 Stay connected and dive deeper into the world of From Chaos to Clarity: Unleash Your Business Potential! 🌐✨ Follow us on social media for exclusive content, behind-the-scenes glimpses, and updates on the latest episodes. 🎙️ Join our community and be part of the conversation!

Instagram: https://www.instagram.com/gip_financials/
LinkedIn: https://www.linkedin.com/in/sonja-jones-virtual-accountant-%F0%9F%93%8A-9021542b/
Facebook: https://www.facebook.com/GIP.FINANCIA...
Tiktok: https://www.tiktok.com/@damoneylady?i...

bookkeeping, taxes, financial management, business finance, accounting, entrepreneur, tax preparer, CPA, financial decisions, compliance

Clear objectives AND boundaries with your bookkeeper = a winning formula! Set financial goals together, but also define boundaries to keep communication efficient and focused. When everyone’s on the same page, your business can grow with less stress and more clarity.

Watch the full podcast here:
https://youtu.be/OZn9pxy1WYA?si=ATvvJu6-1xXCh4VZ

#BusinessGoals #BoundariesMatter #Bookkeeping #SmallBusinessSuccess #SonjaJSays #businesssuccess #businessgrowth

#SonjaJSays...When did you close your LLC?

If it was closed before 1-1-24, you don't have to file the BOI.

If it was closed after 1-1-24, you still have to file.

File your BOI for free at www.fincen.gov/boi

#corporatetransparecyact #boi #beneficialownershipinformation #fincen #cta

Your bookkeeper is more than just a numbers person—they're your financial partner! They keep your records clean, manage cash flow, and make sure you're tax-ready. Understanding their role helps your business stay on track and grow.

Watch the full podcast here:
https://youtu.be/OZn9pxy1WYA?si=ATvvJu6-1xXCh4VZ

#BusinessPartner #BookkeepingBasics #SmallBusinessTips #SonjaJSays #businessgrowth ##businesssuccess

#sonjajsays...Contact your Secretary of State!

Before you file the Beneficial Ownership Information form (BOI), check your LLC/corporation info with your Secretary of State. It's important that the information is accurate and updated.

Submit your form for FREE at fincen.gov/boi

#corporatetransparecyact #boi #beneficialownershipinformation #fincen #cta

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