Small Business
Treasury Department Won't Enforce Corporate Transparency Act
The U.S. Treasury Department announced in April that “domestic reporting companies” (companies formed in the United States) are now exempt from the Beneficial Ownership Information Report (BOIR) filing requirement under the Corporate Transparency Act. This is welcome news for business owners who want to maintain privacy and for others…
For Earth Day: 5 Environmental Tips for Businesses
Happy Earth Day! Business owners who "go green" are not only helping the environment, but they can also reap financial rewards. From tax incentives to energy saving methods to help businesses save money, business owners should consider helping out Mother Nature. So here are five environmental tips for businesses. Government incentives for going green.
Casey's Employee Challenges Tobacco-Use Surcharge
Customers visiting one of the Casey's General Stores locations can purchase cigarettes, vapes, chewing tobacco, and nicotine pouches. Employees of the convenience store chain who wish to avoid a $35 per pay period insurance surcharge have to produce a signed affidavit stating they don't use any tobacco products.
Delaware Bill Limits Shareholder Lawsuits to Prevent Corporate Flight
Is Delaware trying to woo back Elon Musk and major corporations by changing rules to shareholder lawsuits? Delaware’s general assembly may be concerned that high profile companies such as Tesla, Meta, and others may move their corporate home from Delaware to other jurisdictions, namely Nevada or Texas. Delaware…
Commercial Foreclosure: What Happens to Commercial Leases?
Though residential real estate markets figured largely in our economic woes, it looks like commercial real estate has begun, and will continue to suffer a wave of foreclosures. If your small business has been trying to meet its mortgage while income has slowed, this is not news to you. However, many small businesses who lease their space need to be aware of what happens to commercial leases when the property goes into foreclosure.
Injunction Bars Beneficial Ownership Information Report Requirement
An injunction has temporarily relieved businesses from having to file a Beneficial Ownership Information Report (BOIR). Companies are not penalized for not submitting their BOIR while this legal hold is in place. However, this situation might change if the legal conditions evolve. Business owners need to stay…
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