Entrepreneurship

Small business owners share their experiences with new Beneficial Ownership Information reporting requirements

Publisher: 
Small Business Majority
English
Date: 
Thursday, February 15, 2024

As of January 1, 2024, some small businesses in the United States are required to file a Beneficial Ownership Information (BOI) Report with the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN). This new reporting requirement is part of the Corporate Transparency Act (CTA), a law designed to help prevent and combat money laundering, tax fraud and other financial crimes. A recent Small Business Majority national opinion poll gauged small business owners’ awareness of the new BOI reporting requirement and their experiences with filing the report.

California small business owner shares her journey from academia to entrepreneurship

With a master’s degree in computer science, another master’s degree in information systems and an interdisciplinary PhD, Lisa Kaczmarczyk never planned on becoming an entrepreneur. After working in the tech industry as a developer, she transitioned into academia as a university faculty member teaching computer science where she also gained experience obtaining grants from the National Science Foundation. Lisa thought she would be doing this type of work forever.

English

Small Businesses Support Childcare Investments in Virginia

Today, Public Policy Director, Awesta Sarkash, submitted a letter of support to the Virginia House Committee on Appropriations in support of HB 419, which would close the gap on childcare investments in the state. Prioritizing childcare, in all its forms, is an investment that will have greater returns for Virginians and small businesses alike. 

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Small Business Majority supports the Lowering Prescription Drug Costs for Patients Act

On January 24, Small Business Majority's Georgia Director and National Women's Entrepreneurship Director, Rachel Shanklin, testified before the Senate Health and Human Services Committee in support of the Lowering Prescription Drug Costs for Patients Act. 

English

Small Business Majority weighs in on proposed update to FTC's regulations regarding unfair or deceptive fees

On December 18, Small Business Majority CEO and Founder John Arensmeyer provided feedback on the proposed rule to update the Federal Trade Commission’s (FTC) regulations on unfair or deceptive practices relating to fees for goods and services.

English

Small Business Majority urges Senate leadership to include funding for the childcare industry in supplemental funding package

On November 1, Small Business Majority sent a letter to Majority Leader Schumer, Minority Leader McConnell, Chair Murray and Ranking Member Collins urging them to include funding for the childcare industry to any supplemental funding package considered by the Senate Appropriations Committee.

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Unleashing untapped talent: How these North Carolina small business owners are spreading the word about the benefits of inclusivity

Sisters Lakila Bowden and Kamille Richardson are reframing disability and disproving myths that providing accommodations for differently abled employees is expensive and burdensome to businesses through their consulting company, iSee Technologies

English

Small Business Speaks: Two Days in Washington with Small Business Majority

On September 26 and 27, Small Business Majority hosted an advocacy fly-in event, “Small Business Speaks: Two Days in Washington with Small Business Majority.” Nearly 30 entrepreneurs from the organization’s national and state Small Business Councils attended the event to build community and ensure that federal policymakers heard the true voice of small business.

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Small Business Majority and partner organizations support the Child Care Stabilization Act

On September 29, Small Business Majority and partner organizations across the country submitted a letter to U.S. Senate leadership and the U.S. House of Representatives in support of the Child Care Stabilization Act, legislation that would ensure adequate and continued childcare funding to bolster a quality workforce and be a key factor in entrepreneurial sustainability.

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