Alaska Cooperative Development Center
The Alaska Cooperative Development Center (ACDC) helps potential and existing cooperatives, often called co-ops, who want to use the co-op model to meet a need in Alaska by providing technical assistance and facilitation services.
ACDC provides a variety of services to both developing and established co-ops. Services include but are not limited to, board training, feasibility studies, and business plan development. To best serve co-ops, ACDC regularly partners with other economic development organizations in Alaska and the rest of the .
Alaska has a vibrant co-op ecosystem. Alaska co-ops excel at serving the unique needs of their communities. Current co-ops include national co-ops like REI, credit unions, food co-ops, peony co-ops and fishing co-ops.
Co-ops are catalysts for economic development, particularly in rural areas. The co-op business model is versatile, sustainable and proven to be successful across Alaska and beyond. Learn more about how co-ops can provide missing services, or be used as part of a business succession plan.
New Reporting Requirements Under The Corporate Transparency Act
The Corporate Transparency Act, which took effect January 1st, 2024, mandates most corporations, limited liability companies (LLCs) and co-ops to disclose beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN).
Under the Corporate Transparency Act, qualifying companies must submit comprehensive beneficial ownership details, including the names, addresses, birthdates, and passport or driver's license numbers of their beneficial owners, to FinCEN. Additionally, any changes in beneficial ownership information must be promptly reported.
A reporting company created or registered to do business before January 1, 2024, will have until January 1, 2025 to file its initial beneficial ownership information (BOI) report. Reporting companies created or registered on or after January 1, 2025, will have 30 calendar days from actual or public notice that the company’s creation or registration is effective to file their initial BOI reports with FinCEN.
