BOI report

EngagementPlug · Feb 15, 2025

Hello everyone, I have an LLC in New Mexico on which I never filed the BOI report last year. I've opened overseas and since the company went to bankrupcy because of a fight with my former partner, I completely forgot to keep track of it, time has happen and the LLC is still open in the US. I also didn't have the money to hire someone that knows about this and could help me.

What issues can I have? How can I know if I owe a penalty or if the state wants to charge me for something? Is there a chance for this?

Can I just close the LLC and forget about this or will I have issues?

Anton Hansen · Feb 15, 2025

If you never filed the BOI report for your LLC and the company went bankrupt, here’s what you need to consider:

Potential Penalties: The Corporate Transparency Act (CTA) requires BOI filing. Missing it can lead to fines ($500/day) and possible legal issues.State Fees & Charges: Check with your state’s Secretary of State website to see if you owe any fees or penalties. Some states automatically dissolve inactive LLCs, but others may keep charging annual fees.Closing the LLC: If the company is no longer active, you may need to officially dissolve it with your state to avoid future liabilities.

Check your state’s official website for any outstanding fees.
Contact an accountant or legal expert (some offer free consultations).
File for LLC dissolution if you don’t plan to revive the business.

Ignoring it might cause problems later, so it’s best to close it properly and ensure you’re not on the hook for penalties. Need help finding the right resources

EngagementPlug · Feb 15, 2025

Anton Hansen said:
If you never filed the BOI report for your LLC and the company went bankrupt, here’s what you need to consider:

Potential Penalties: The Corporate Transparency Act (CTA) requires BOI filing. Missing it can lead to fines ($500/day) and possible legal issues.State Fees & Charges: Check with your state’s Secretary of State website to see if you owe any fees or penalties. Some states automatically dissolve inactive LLCs, but others may keep charging annual fees.Closing the LLC: If the company is no longer active, you may need to officially dissolve it with your state to avoid future liabilities.

Check your state’s official website for any outstanding fees.
Contact an accountant or legal expert (some offer free consultations).
File for LLC dissolution if you don’t plan to revive the business.

Ignoring it might cause problems later, so it’s best to close it properly and ensure you’re not on the hook for penalties. Need help finding the right resources

Where can I check it? It's registered in new mexico state

BOI report

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