BOI reporting requirements have been nixed as a result of a recent ruling in federal court, but the ruling has been appealed. Business owners should decide whether they will comply with the January 1st, 2025 deadline.
With the election now decided, the process has begun of evaluating the potential impact that the Trump administration might have now that he will have a Republican-controlled House and Senate, as well as a conservative judiciary. Read on for a few examples of the items we are tracking.
The Corporate Transparency Act (CTA) triggered new, broad-ranging reporting requirements, including filing Beneficial Ownership Information (BOI) Reports for certain entities via the Financial Crimes Enforcement Network (FinCEN) online portal. If you own an LLC, a Limited Partnership, or a small business, these requirements may directly impact you.
Some business owners may be unaware that there are insurance products that can help protect them from cyber attacks. This article details the types of attacks that can occur and how cyber insurance can offer protection.
Plan for your future with this end-of-the-year checklist for small business owners.
While your day-to-day focus is on running your family business, it's important to keep an eye on the future as well. If you haven't considered business succession planning yet, here's where to start.