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The Corporate Transparency Act enforcement has resumed following the stay of the last remaining nationwide injunction. Here are the key updates and deadlines: New Primary Deadline: March 21, 2025 Special Deadline Exceptions: Important Considerations: The situation remains fluid, with ongoing litigation that could potentially impact these requirements further. Companies should stay informed about potential changes … Read more

Need funding for your business but at a loss on how to proceed? Afraid you will be turned down? You should be able to walk into a meeting with potential investors or a bank loan officer feeling completely confident about your business’s future. That confidence comes from having a rock-solid business plan – the single … Read more

The Corporate Transparency Act (CTA) originally required businesses to report beneficial ownership information (BOI) to the federal government by January 1, 2025. This law was part of the Anti-Money Laundering Act of 2020, designed to prevent financial crimes through anonymous business structures. However, recent court decisions have temporarily halted this requirement nationwide. The law’s implementation … Read more

“Dream of business, Guide shows steps to take now, Success will follow.“ Starting a business sounds thrilling until you’re staring at a blank page, wondering where to begin. The entrepreneurial journey often feels like assembling furniture without instructions – you have all the pieces, but the path to putting them together seems overwhelming. Whether you’re … Read more

The Corporate Transparency Act (CTA), which requires businesses to disclose their true ownership to combat shell companies, has faced another setback. The Fifth Circuit Court of Appeals has reinstated an injunction that delays the January 1st reporting deadline, effectively putting the law’s implementation on hold. The law, passed in 2021, would affect over 32 million … Read more

The Small Business Administration (SBA) has taken a significant step forward in expanding access to capital for small businesses by authorizing four new Small Business Lending Companies (SBLCs). This historic expansion, only the second in over 40 years, increases the number of SBLCs from 14 to 20, creating new opportunities for entrepreneurs seeking funding through … Read more

The Corporate Transparency Act enforcement has been reinstated following a stay of the nationwide preliminary injunction by the Fifth Circuit Court of Appeals. In response, the Financial Crimes Enforcement Network (FinCEN) has established new filing deadlines for beneficial ownership information reports. Key Filing Deadlines: • Companies formed before January 1, 2024: Must file by January … Read more

According to Side Hustle Nation, about 39% of American workers have a side hustle. The Rise of Modern Side Hustles The side hustle landscape has evolved dramatically, with approximately 39% of working Americans now maintaining additional income streams. This represents about 80 million people, with even higher participation rates among millennials at 50%. Interestingly, these … Read more

There are new developments in the legal arena regarding who must file under the Corporate Transparency Act (CTA).  Background and Overview The Corporate Transparency Act (CTA) originally required businesses to report beneficial ownership information (BOI) to the federal government by January 1, 2025. This law was part of the Anti-Money Laundering Act of 2020, designed … Read more

Securing a Small Business Administration (SBA) loan as a Native American entrepreneur follows a similar process to other applicants, with some additional opportunities and resources specifically designed for Native-owned businesses. Remember, the SBA only guaranties the loan, so you will need to seek out a lender who does SBA loans. The basic process starts with … Read more