Small Businesses Compliance With the Corporate Transparency Act
BizBuySell Blog
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2M ago
New year, new laws for small business owners. As of January 1, 2024, the Corporate Transparency Act (CTA) has come into effect, ushering in a new era of regulatory requirements for businesses across the United States. Enacted by Congress in 2021 to combat illicit activities such as money laundering and tax fraud, the CTA requires that small businesses file a report with U.S. Treasury’s Financial Crimes Enforcement Network ..read more
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Small Business Economic Outlook in 2024
BizBuySell Blog
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2M ago
As 2024 unfolds, small business owners are gearing up for the new year with a blend of optimism and caution. With more than 33 million small businesses employing over 61 million Americans, these enterprises are often the first to feel the impact of economic changes. Despite the economy steering clear of a recession last year ..read more
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The Impact of the Joint-Employer Rule on Franchises and Small Businesses
BizBuySell Blog
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2M ago
Last week, the House of Representatives passed a resolution aimed at overturning the National Labor Relations Board’s (NLRB) joint employer rule. The revised NLRB rule, set to take effect on February 26, 2024, makes it easier for businesses to qualify as joint employers, holding both entities accountable for labor law violations. This development carries significant implications for franchisors and small businesses ..read more
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Small Business Sentiment in an Evolving Economic Landscape
BizBuySell Blog
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3M ago
The news cycle this year was dominated by economic headlines, with economists, consumers, and business owners all closely monitoring whether the United States would be able to steer clear of a recession in 2023. As the year comes to a close, there is a prevailing sense of optimism. In recent weeks, the economy has been on an upswing ..read more
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Hiring Challenges and the Education and Childcare Industry
BizBuySell Blog
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3M ago
The education and childcare industry continues to face disruptions, despite the economy’s resilience in dealing with inflation, supply chain issues, and labor challenges over the last year. Even with the benefits of a low unemployment rate, such as increased job prospects and wage hikes, business owners face obstacles in finding and retaining talented workers ..read more
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How Business Plans Drive Value When Selling and Buying a Business
BizBuySell Blog
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3M ago
As the year comes to an end, businesses reflect on their successes and challenges to prepare for the upcoming year. As businesses evaluate market trends, revisit goals and forecasts, and set ambitious strategies for the year ahead, National Write a Business Plan Month is a reminder for businesses to set time aside to plan for the future ..read more
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Beauty and Personal Care Business Trends: The Levers That Boost Valuation
BizBuySell Blog
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4M ago
Remaining current with trends is important for business owners in the beauty and personal care industry. It's not just beauty and wellness trends that business owners need to be on top of—they also need to stay informed about technology, marketing strategies, and consumer behavior. The trends that shape consumer preferences also influence the valuation of beauty businesses ..read more
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Resources and Grants for Veteran-Owned Businesses
BizBuySell Blog
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4M ago
November marks the arrival of Veterans Day, a poignant reminder of the important role that veteran entrepreneurship plays in the lives of those transitioning from military service. According to the Census Bureau, there are nearly 2 million veteran-owned businesses, employing over 5,000,000 Americans. The contribution veterans make, not only in their service to the country but also in their pursuits as entrepreneurs ..read more
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Grants and Resources for Native American and Indigenous-Owned Businesses
BizBuySell Blog
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4M ago
Native American Heritage Month, celebrated in November, serves as a reminder of the impact and invaluable cultural contributions made by Native American and Indigenous communities to American society. Native American and Indigenous entrepreneurs play an important role in driving economic growth, making a substantial impact on both local and national economies ..read more
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U.S. Economic Growth and Small Business Valuations
BizBuySell Blog
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5M ago
With the third quarter earnings season in full swing, investors from Main Street to Wall Street are paying close attention to the Commerce Department's report this week showing a 4.9% annual growth rate of the gross domestic product. Buoyed by a strong labor market and cooling inflation, consumer confidence surged this past summer. However, in the midst of ongoing ..read more
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