ATTENTION SMALL BUSINESS OWNERS

The Federal Corporate Transparency Act went into effect on January 1, 2024. Its purpose is to increase transparency in entity structures and ownership. It will help combat money laundering, tax fraud, and other illegal activities.

The Reporting Rule requires certain entities to file beneficial ownership information (BOI) reports to the Financial Crimes Enforcement Network (FinCEN). Reports contain information about the entity itself, and two categories of individuals: beneficial owners and company applicants.

• If your company already existed before January 1, 2024, it must file its initial BOI report by January 1, 2025.
• If your company was created or registered to do business in the United States after January 1, 2024, then it must file its initial BOI report within 90 days after receiving actual or public notice that its creation or registration is effective.

Small businesses are subject to fines if required reporting information is not completed. The willful failure to report complete or updated beneficial ownership information to FinCEN, or the willful provision of or attempt to provide false or fraudulent beneficial ownership information may result in a civil or criminal penalties, including civil penalties of up to $500 for each day that the violation continues, or criminal penalties including imprisonment for up to two years and/or a fine of up to $10,000. Senior officers of an entity that fails to file a required BOI report may be held accountable for that failure.

For more information on the Federal Corporate Transparency Act and BOI reporting review the Small Entity Compliance Guide online.

Report your information on beneficial ownership online.

If you are unable to file the paperwork on your own we recommend reaching out to your business lawyer. If you do not have one, please refer to our Membership Directory for a list of lawyers we work with. 

Ignite Luncheon Speakers Announced

Join us for a powerful event that showcases the remarkable initiatives and innovations that are happening in the community. This gathering is designed to showcase 5 individuals from diverse backgrounds and the projects, companies, and initiatives they are leading. The Ignite Luncheon is not just an opportunity to witness inspiring projects unfolding in our midst but also a chance to connect with like-minded individuals who are passionate about making a positive impact. Engage in meaningful conversations, network with fellow community members, and leave inspired by the collective efforts driving innovation and change in our community.

April 9

11 am - 1:30 pm

Best Western GranTree

Business Trainings and Events

Managing with a Coach Approach

Limited Seats Remaining!!

People management is some of the most demanding work we will tackle in our careers. This is a great course for anyone new to management as well as any manager or director who struggles with building rapport with a team and simultaneously generating the results needed to be a high-performing team.

March 22 and 29

8:30 am - 12:30 pm

Power Up: Are Your Ready to Start Your Next Business?

This 3 session course has been specifically designed for individuals who are brand new to business, wanting to start a business, and new business owners or individuals looking to start a second business.

April 10, 17, and 24

9 am - 12 pm

Top 10 Business Law Headaches and How to Avoid Them

Attending this presentation, you will learn about all 10 of these Business Law categories and why they’re important to know if you have a business or employees.

1) Business Formation

2) Trademarks

3) Financing Your Business

4) Business Entity Formation

5) Insurance

6) Hiring Employees

• Setting Expectations with Job Descriptions
• Employee Handbooks – Advantages of Policies & Procedures
• Unique MT Employment Laws

7) Disciplining/Terminating Employees

8) Contracts

9) Considerations for a Growing Business (Mergers & Acquisitions)

10) Properly Dissolving an Entity

Thursday, April 11

11:30 am - 2 pm

Lunch will be provided

Prospera is pleased to announce $18,000 will go directly to helping Montana’s women business owners. Grant funding can be used for anything that will enhance economic independence for women, job creation, or take their business to the next level of success.

During the pitch contest, you will be able to watch the 9 finalists pitch their businesses and what they plan to use the grant funds for.  

Sign up today to listen in on the Finalist's Pitch Contests!

QuickBook for Beginners - Cloud Version

For those new to bookkeeping and experienced folks alike! This QuickBooks course is designed to help entrepreneurs and business managers understand how to best manage money. The instructor will take you through the foundational elements of QuickBooks so you're more efficient in entering revenue and expenses, and better able to communicate with your accountant come tax time. She'll also teach you how to get the most out of the program, through reporting, invoicing, and additional functionality.

Thursday, April 18

8:30 - 11:30 am

Advanced QuickBooks

For those new to bookkeeping and experienced folks alike! This QuickBooks course is designed to help entrepreneurs and business managers understand how to best manage money. The instructor will take you through the foundational elements of QuickBooks so you're more efficient in entering revenue and expenses, and better able to communicate with your accountant come tax time. She'll also teach you how to get the most out of the program, through reporting, invoicing, and additional functionality. **This class is applicable to both online and desktop versions**

Friday, April 19

8:30 - 11:30 am

Instagram for Business

May 7, 9 am - 12 pm

Google Business Profile

Reach More Customers in Local Search

May 9, 9 am - 12 pm

Loan Readiness

May 15, 12 - 1 pm

May Monthly Member Meetup

Hardscrabble Ranch

May 16, 4 - 6 pm

Pay it Forward with Prospera

If you or someone you know has been helped by Prospera, consider paying it forward by donating to the foundation or joining our membership family.

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