Changes Surrounding the CTA, BOI and FinCEN: Guidance for Moneta, VA SBOs
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. However, filing your Beneficial Ownership Information (BOI) report will help you avoid fines
Mastering the Moment: Knowing When and How to Let a Worker Go
In the dynamic world of business, managing a team is akin to navigating a ship through turbulent waters. The blend of rewarding milestones and challenging decisions defines the journey. Among these challenges, one of the most daunting is knowing when it’s time to let go of an employee or contractor. This decision is never easy, but it’s crucial for sustaining a productive and positive work environment. In this guide, we’ll delve into the key indicators and processes that can help you confidently navigate
Creating a Successful Business From Your Homestead
You’ve decided to take the plunge and turn your homesteading hobby into a business. Congratulations! With some planning and elbow grease, you can make your dream a reality. The Smith Mountain Lake Regional Chamber of Commerce is here to help you make smart decisions for your business; here are some steps you’ll need to consider as you get started: Define your brand. What do you want your business to be known for? What kind of products or services do you want to sell? Are you raising
