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.
From that first spark of a creative idea to managing a full-fledged operation, choosing to run a business is not for the faint of heart. And, it’s not only work–it’s personal. Your business represents your hopes, dreams, and, yes, your finances. That’s why it’s important to plan for when and how you’ll transition out of your role as a business owner as you near financial independence. From that first spark of a creative idea to managing a full-fledged operation, choosing to run a business is not for the faint of heart. And, it’s not only work–it’s personal. Your business represents your hopes, dreams, and, yes, your finances. That’s why it’s important to plan for when and how you’ll transition out of your role as a business owner as you near financial independence.
If you are a business owner, you are likely well-acquainted with the highs and lows of the responsibilities that come with the role. Being a business owner gives you the freedom to pursue your passions, be your own boss, and impact your community. But like any venture, acting as CEO of your own enterprise comes with its fair share of risks. In a world with no guarantees, it’s important to take the necessary steps to increase your chances of success. Here are some common financial mistakes business owners make and solutions to avoid them.