Sorting Pen: The California Cattleman Podcast
S4 E17: Sorting through what the Corporate Transparency Act (a new federal law) could mean for your business
This episode is focused on getting everyone up to speed on a new law called the Corporate Transparency Act. It is a law that was passed in 2021 and is now being enforced, with deadlines quickly approaching—which if you miss could result in extreme fines. If your farm or ranch has 20 or fewer employees, is structured as a corporation, LLC, or filed registration paperwork with the secretary of state, you may be required to file new paperwork with a division of the U.S. Department of the Treasury. NCBA’s Executive Director of Government Affairs Kent Bacus is this episode’s guest. Kent explains what the law this is, what this could mean for your ranch (or other business), how the law came about and more.
The conversation in this episode is not professional advice. After listening, it would be best to consult with a tax professional or attorney for advice as to whether the Corporate Transparency Act applies to you.
Episode Resources:
PREVIOUS EPISODES
Sorting through new research on wolf diets in California
Hear about ongoing research on wolf diets.
Sorting through CCA’s recent legislative successes in Sacramento
Our final legislative recap episode of the year.
Sorting through the new cattle traceability rule that goes into effect on Nov. 5
Dr. J.J. Goicoechea, a Nevada rancher and Director of the Nevada Dept. of Ag discusses.
About the Podcast: Everyday, The California Cattlemen’s Association is sorting through the issues impacting California’s ranching families and producers. To communicate those issues, discuss solutions and keep ranchers current on the hot topics CCA leadership has developed this podcast.
In each episode we will be talking with CCA leadership and leading experts on issues specific to ranching and producing beef in California. Tune in every other Monday to hear updates on legislative and regulatory fronts in Sacramento, deep-dives into current events, challenges and more!
