There’s a certain alchemy that happens when two small businesses decide to link arms. It’s not just about splitting costs or widening reach—it’s about building something better than either could do alone. But collaboration takes more than enthusiasm and handshakes; it demands alignment, clarity, and a touch of humility. Successful partnerships among small business owners are entirely within reach, but only if approached with the right mindset, tools, and communication. Shared Purpose Beats Shared
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. Read more for details on how this may impact your business in the future. 1. Determine if