Avoid This $10,000 Mistake - Navigating BOI Reporting w/ Frank Tuminello - Ep - 586 - Lunch with Norm

Lunch With Norm - The eCommerce & Amazon FBA Podcast

Norman Farrar

Business:entrepreneurship, Business, Marketing, Entrepreneurship

5.0 • 1.4K Ratings

🗓️ 17 May 2024

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

On today’s Lunch With Norm, we are with the CEO and Co-Founder of FileForms, Frank Tuminello! We discussed avoiding this $10,000 mistake - navigating BOI reporting. Find out how you file a BOI report. Our guest led a pre-tax healthcare benefits third-party administrator through eight successful acquisitions and a sale to a multi-billion-dollar private equity firm. This episode is brought to you by Post Purchase Pro Post Purchase PRO specializes in helping Amazon sellers create more sales, ranking, and reviews through post-purchase marketing. Finally, your email marketing can be actively managed by professionals with over 30 years of experience so you can focus on running your business. Increase repeat purchases, drive better organic search term ranking, get more reviews, and build a real asset. For more information visit https://www.postpurchasepro.com/lunch This episode is brought to you by Startup Club Startup Club is the largest club on Clubhouse supporting the Startup ecosystem. Startup Club offers an exciting sense of belonging to established and aspiring entrepreneurs, startup businesses, and companies wanting to Learn, Connect, and Grow. Join us for conversations with founders, entrepreneurs, angel investors, venture capitalists, subject matter experts, and more. For more information visit https://Startup.club This episode is brought to you by Seller Basics Seller Basics is the ultimate guardian for account suspensions, ASIN hiccups, and IP headaches. For only $99 per month, Seller Basics provides a dedicated team to safeguard your business. And that's not all! Gain access to free legal consultations with seasoned eCommerce attorneys. With no binding contracts, you can cancel anytime with just a month's notice. Consider Seller Basics your Amazon account's comprehensive health plan. For more information visit https://www.sellerbasics.com In this episode, the CEO and Co-Founder of FileForms, Frank Tuminello is here. Today, we discussed avoiding this $10,000 mistake - navigating BOI reporting. He led a pre-tax healthcare benefits third-party administrator through eight successful acquisitions and a sale to a multi-billion-dollar private equity firm. This episode is brought to you by Startup Club, Post Purchase Pro, Seller Basics, and HONU Worldwide... *All conversations and information exchanged on the Lunch with Norm podcast or interaction on the Lunch with Norm Website is intended for educational and entertainment purposes only. Do not confuse this with advice or direction with your business per se. Always do your own research before following advice from any podcast/website. Amazon's Terms of Service is always changing. Make sure you are following relevant up-to-date information.

Transcript

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0:00.0	see maybe in the future where when you go to start a business, you have to disclose all this.
0:06.2	But it's not simple, is it?
0:08.9	Like if you go to the government website right now and you try to fill this out, you're going to look like me, you know, at the end of filling out these reports that take for hours.
0:31.2	Hey, everyone, this is Kelsey Gior, aka the Beardt, Son here.
0:34.7	Welcome to another lunch with Norm, the e-commerce and Amazon
0:38.3	podcast. Today we are discussing how to avoid $1,000 mistake navigating B.O.I reporting.
0:46.2	So what is the corporate transparency act and beneficial ownership information report?
0:51.7	How do you file a BOII report and who is considered a beneficial owner
0:56.2	so welcome to another lunch with norm e-commerce and amazon every podcast All right, so today we are discussing how to avoid this $10,000 mistake navigating the VOI reporting.
1:22.6	Our guest is the CEO and co-founder of File Forms.
1:26.6	Prior to File Forms, he was an investor, acquirer, and value creation resource in several
1:31.8	financial services, insurance, and healthcare businesses throughout his private equity,
1:37.9	corporate development and investment baking career.
1:41.2	He led a pre-tax health care benefits third party administrator through eight successful
1:45.8	acquisitions and a sale to multi-billion dollar private equity firm. Please welcome Frank to Manello.
1:53.0	So before we get to Frank, we're going to have a quick word from our sponsor. And just give me a
1:58.7	second. I'm stepping in for Norm here.
2:01.6	So this is for seller basics.
2:06.6	All right.
2:07.6	So, okay.
2:10.6	Hey, Amazon sellers.
2:11.6	Ever faced with account suspensions,
	...

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