The University of Nebraska-Lincoln’s Center for Agricultural Profitability will host a webinar at noon Central time on Dec. 7, covering the Corporate Transparency Act and 2024 filing requirements for businesses, including many farms and ranches.
In 2021, the U.S. Congress enacted the Corporate Transparency Act, which will require virtually all U.S. corporations and limited liability companies to file basic information regarding the officers and major owners of the business. The filings will be used to develop an ownership registry in the interest of preventing money laundering and similar criminal activities. Filings will be required in 2024 and there are no exemptions for small, agricultural, rural, family-owned or similar business entities.
The webinar will be presented by Dave Aiken, professor and extension agricultural law and water law specialist with UNL. He will introduce the act, explain why it was adopted, and identify the information required to be filed as well as who in the business must be included in the filing.
It is being held as part of the Center for Agricultural Profitability’s weekly webinar series. Registration is free and may be completed on the center’s website, https://cap.unl.edu/webinars.