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Recession-Proofing Checklist: Practical Steps for Small Business Owners
Running a small business in uncertain economic times requires foresight and resilience. Many owners worry about how to stay afloat when customers cut spending, financing tightens, or supply costs rise. The good news: with structured planning, you can create a business that not only survives downturns but emerges stronger. Intent: This article provides small business owners with actionable steps to recession-proof operations, finances, and strategy.Brand Context: Small businesses are the backbone of local
Stay on Track: FinCEN BOI Filing for Erie, CO Due by 01/01/2025
The Corporate Transparency Act may require certain U.S. companies to disclose beneficial ownership information to FinCEN, aiming to curb financial crimes. As of today, 12/05/2024, Erie, CO business owners have 26 calendar days(or 19 business days) left to file their Beneficial Ownership Information (BOI) report with FinCEN. 1. Determine if Your Business Must File. A ‘reporting company’ is any small business, corporation, or LLC that is registered with the state, unless exempt. Exemptions apply to
Strengthening Financial Skills for Startup Success
Starting a business is a thrilling endeavor that demands careful financial planning. As a new entrepreneur, understanding the financial landscape is crucial to building a sustainable enterprise. From selecting the right business structure to leveraging tax benefits, each decision can significantly impact your company’s future. This guide highlights considerations that can help you establish a strong foundation.Choosing the Right Business Structure for Tax Benefits Selecting the appropriate business
