September 3, 2025 | 2

Is your home address on public display?

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Every registered business needs to designate a Registered Agent (RA) with a physical address that can receive mail (a tall order for us rural folk). The RA will receive important business mail and will usually be the one who gets served with a lawsuit if your company is being sued. The business owner often puts themselves as the RA, which is totally fine, except...

Many people put their home address as their Registered Agent address without knowing that their home address is now available for the world to see.

Do this instead:

• Put your business address if you have a physical address that can receive mail;
• If you have a day job, ask your employer if you can use that address as your business's RA address;
• Hire a Registered Agent service that will scan and send you the important business mail (some cost as low as $35/ yr).

Whatever happened with the BOI report?

Earlier this year, every financial professional was shouting from the rooftops about the BOI report and now, crickets 🦗.

If you never got a chance to file the BOI Report for your business, you’re good. As of March 2025, it is no longer required for U.S.-owned businesses. This could change, but it’s not likely to change any time soon.

Wait, what's the BOI report?

The Beneficial Ownership Information Report is one of the requirements of the Corporate Transparency Act (2022). The idea was for companies to file owner info with the Financial Crimes Enforcement Network (FinCen) to prevent money laundering and the formation of shell companies.

The threat of serious consequences was real.

Business groups sued, arguing that parts of the Act were unconstitutional and that the reporting requirements were too onerous for small businesses. Now, only foreign businesses have to file the report.