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What is the Corporate Transparency Act? Enacted in 2021, the CTA aims to combat illicit activity including tax fraud, money laundering, and financing for terrorism by capturing more ownership information for specific U.S. businesses operating in or accessing the country’s market. Under the new legislation, businesses that meet certain criteria must submit a Beneficial Ownership Information […]

Regulatory compliance is essential to running a successful and sustainable business or staffing agency.   As the staffing crisis continues, many recruiting agencies find themselves struggling to manage compliance with state and federal requirements. Why Regulatory Compliance Is Important Some companies choose to prioritize other areas of their business, such as revenue generation or marketing, over […]

Boston Beer Co., the brewer of Sam Adams and other craft beverages, is taking heat for its overuse of noncompete agreements. In a recent article, the Boston Globe cites examples of several former lower-level Boston Beer employees forced out of the industry they love because of the noncompete agreements their former employer forced them to […]

LLCs are popular for entrepreneurs and groups seeking to launch a promising new business venture. Some common reasons why people elect to form LLCs include: Low startup cost: Often, a limited liability company costs less to establish and run than a corporation. In some states, the fees are less than $100. LLCs are an ideal business structure […]

Knowing the true market value of your business can be useful for many reasons, not just for selling it or raising investment. Putting a price on the company may be the first time a business owner – especially one with a small, entrepreneurial, founder-based, or family-owned business – comes to fully understand how outsiders view […]