The Corporate Transparency Act may require certain U.S. companies to disclose beneficial ownership information to FinCEN to combat financial crimes. While a Texas federal district court’s preliminary injunction puts this requirement on hold, many experts expect that to be overturned. In that event, failure to file could lead to fines of $500 per day, up to a maximum of $10,000, and possible criminal penalties. Read more for details on how this may impact your business in the future.. 1. Determine if
When starting a business, one of the first decisions you'll have to make is what legal structure to choose for your company. This can be an intimidating task, as there are several different types of business structures to choose from, each with its own set of pros and cons. The good news is that there's no need to agonize over this decision. By taking into consideration a few key factors, you can select the business structure that's best for your startup. Take note of this great advice from the Lafayette
As a small business owner in Lafayette, it’s important to keep a close eye on your company’s cash flow. A healthy cash flow is essential to the success of any business, but it can be especially challenging for small businesses. Luckily, there are a number of things you can do to maintain a healthy cash flow. Here are 9 tips:Tip #1: Lease Equipment and Supplies Rather Than Buying Them One of the best ways to save money and improve your cash flow is to lease equipment and supplies rather than buying them