In Scott’s line of work, it’s common to see pilots who are juggling a side hustle or business. That’s why this week, we’re diving into the Beneficial Ownership Information Report (BOIR), part of the Corporate Transparency Act (CTA). What is it, why does it matter, and how does it impact pilots and their side hustles?
Join us as Scott breaks down the penalties for non-compliance and what you need to do to ensure you’re squared away before the January 1 deadline. If you’re a pilot balancing a career in the cockpit with an LLC on the side, this episode is a must-listen!
Here’s some of what we discuss in this episode:
0:00 – Intro
1:05 – Common side hustles among pilots
3:00 – Understanding the BOIR-E
6:46 – Getting your ducks in a row with the right team
Resources for this episode:
FinCEN.Gov
Jason Watson’s FinCEN Blog Post
https://wcginc.com/blog/fincen-beneficial-ownership-information/
Resources:
Schedule A Call with Scott: http://callosborn.com/
Scott's Book, A Pilot's Guide To Maximizing Wealth & Cashflow In Retirement: https://amzn.to/3xSn1ii
The Pilot's Planner Website: https://thepilotsplanner.com/
Watch the podcast on YouTube! https://www.youtube.com/@ThePilotsPlanner
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