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Tuesday, December 10, 2024
What’s Happening with the CTA, BOI and FinCEN? Vital Information for Small Businesses in Vineland, NJ
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
Friday, November 15, 2024Avoid Hiring Pitfalls with Key Legal Tips for Small Businesses
Starting a small business is a thrilling endeavor, but as you expand and begin to hire, understanding the legal requirements becomes imperative. Compliance with employment laws not only shields your business from potential legal issues but also cultivates a positive workplace culture. This guide outlines the critical legal steps necessary when bringing new employees on board, ensuring your business remains compliant.Preparing to Pay Your Employees: A Comprehensive Guide When you’re ready to pay your
