Join the National Society of Accountants for Cooperatives (NSAC) and NCBA CLUSA on February 7 at 1 pm EST for a comprehensive overview of the Corporate Transparency Act (CTA) and its implications for cooperatives as new reporting requirements come into effect this month. This session will delve into the specifics of the BOI Regulations, the entities required to file and potential penalties for non-compliance.
Cooperatives, as democratically owned and governed businesses, will gain valuable insights to ensure adherence to the new regulations and mitigate risks associated with non-compliance. NSAC and NCBA CLUSA members can register for free using the code $NCBA-VIP$.
During this webinar, you’ll:
Understand the Corporate Transparency Act
Participants will gain a thorough understanding of the CTA, its legislative background, and the key provisions that necessitate beneficial ownership information (BOI) reporting.
Navigate BOI reporting requirements for cooperatives
Attendees will learn the specifics of BOI reporting applicable to cooperatives, including the information required, deadlines, and exemptions.
Participants will explore strategies to mitigate risks associated with non-compliance, understanding the potential legal and financial consequences.