Blog categorized as Business Assistance

The injunction to delay the filing of your (BOI) Report has been removed. Therefore, if you meet the filing requirements to report your business entity with the FinCEN department, you must do so no later than the extended due date of January 13, 2025.

mall businesses and their owners could face penalties of $10,000 or more if they don’t comply with a new U.S. Treasury Department reporting requirement by year’s end — and evidence suggests many haven’t yet complied.

For most, the sale of a business is a new experience that requires sellers to learn many entirely foreign processes in a very short amount of time. The many steps to selling your business can be long and tedious, and chief amongst those steps in terms of length and tedium is due diligence.

It is easy to get lost in the numbers when it comes to selling your business, but it is important to remember that the numbers only tell one side of the story. Both buying and selling a business come with significant mental and emotional ramifications.

Mark Herrmann was recently a guest on the podcast, The Builder Nuggets. A community of successful construction industry leaders, The Builder Nuggets is composed of award-winning builders, remodelers, business coaches, and industry experts that have come together to share their secrets of success.