Nebraska Extension to Host 'Filing a Beneficial Ownership Interest' Workshop in Scottsbluff

Combine and grain truck harvest corn field
The Corporate Transparency Act (CTA) requires companies, including many farms and ranches, to report their beneficial ownership information. (Photo by Gary Stone/Nebraska Extension)

Nebraska Extension to Host 'Filing a Beneficial Ownership Interest' Workshop in Scottsbluff

Nebraska Extension will host a workshop on filing a Beneficial Ownership Interest (BOI) report from 1:30 to 2:30 p.m. Wednesday, Nov. 13, at the Panhandle Research, Extension and Education Center in Scottsbluff, Nebraska.

During the workshop, Nebraska Extension Educator Jessica Groskopf will guide attendees through the process of filing a BOI report, providing essential information for compliance.

CAP to Host BOI Reporting Webinar Nov. 14

Dave Aiken, UNL professor, agricultural law and water law specialist, will unpack the Corporate Transparency Act and its new Beneficial Ownership Information (BOI) reporting requirements in a Zoom webinar beginning at noon (CDT) Thursday, Nov. 14. Hosted by the Center for Agricultural Profitability, this free webinar will cover what the act means for ag business owners, who is required to report, and the steps they need to take to ensure compliance.

Register

In 2021, Congress enacted the Corporate Transparency Act (CTA), requiring companies — including many farms and ranches — to report their beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN). Companies formed or registered before Jan. 1, 2024, must file their reports by Jan. 1, 2025. Noncompliance can result in significant penalties for willful violations.

The CTA applies to all entities created by filing with a state secretary or similar office, including limited liability companies (LLCs). However, sole proprietorships, joint ventures, and general partnerships are generally exempt from BOI reporting unless they were formally registered in the U.S.

This program is free to attend, but registration is encouraged. To register, call the Panhandle Research, Extension and Education Center at (308) 632-1230.

Join us to ensure your business meets the new reporting requirements and stays compliant.

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