Join us Wednesday December 18th at noon to hear from Penn State Ag and Shale Law Staff Attorney Brook Duer as he discusses the impacts of the New U.S. Treasury “Beneficial Ownership Information” Filing Requirements on agricultural businesses.

Effective January 1, 2024, a new federal law called the Corporate Transparency Act (CTA) requires defined business entities, including many small or even one-person businesses, to report information about the individuals who ultimately own or control them (also known as their “beneficial owners”) to the U.S. Department of the Treasury. This applies to corporations, limited liability companies or any other entity that required filings with the Pennsylvania Department of State (or another state’s equivalent) for its creation.  This new filing, which can be done entirely on-line, is called “Beneficial Ownership Information” or “BOI” for short.  January 1, 2025, is the deadline for businesses to make their BOI filings if the entity was formed prior to January 1, 2024. 

This webinar is intended to quickly review everything you need to know about this new legal requirement and to find out about the resources available to help you complete this filing on time. 

Speaker:

Brook Duer joined Penn State Law’s Center for Agricultural and Shale Law as a staff attorney in 2019. Prior to that, he was an attorney with the Pennsylvania Department of Agriculture for 12 years, serving 8 of those years as Chief Counsel to the agency and supervising the agency’s legal office. Prior to that, Brook practiced law in Lancaster County for 18 years. Brook received a B.S. in Communications from Indiana University of Pennsylvania and a J.D. from the University of Pittsburgh School of Law.