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The Corporate Transparency Act and What it Means for Your Small Business
Small Business Resources, News and Events Mollie Watkins Small Business Resources, News and Events Mollie Watkins

The Corporate Transparency Act and What it Means for Your Small Business

The Corporate Transparency Act is an act that went into effect on January 1, 2024. According to the U.S. Chamber of Commerce, 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.”

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Surviving Start-Up

Surviving Start-Up

Your small business is never as fragile as it is while it is just starting up. Within the first year, 20% of small businesses close, and over half are closed by the end of the first decade. While this may sound scary, knowing these statistics, knowing the rate and risks that cause it can help you be better prepared for when you face them in your small business.

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