Happy Hour Hustle #99: Why the Corporate Transparency Act is Bad Business
Release Date: 08/26/2024
Happy Hour Hustle
The has been a huge focus (and problem) for Michigan business owners as they work to ensure they are compliant with the new law by February 21. But with uncertainty and changes still happening with ESTA by the minute, a lot of business owners have more questions than answers. To help, we brought in an expert. Lisa Cooper of joined Kim and Maddie to discuss ESTA and what small business owners need to do NOW to comply. Lisa also provides some incredible resources for those who need help getting compliant before the deadline.
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info_outlineSmall businesses already deal with enough, and now this. The Corporate Transparency Act (CTA) forces small businesses to provide their personal information to the federal government or face fines and even imprisonment if they don't.
We've written about it before, but there is still a lot at stake.
That's why Kim brought in Kelli Saunders, Vice President of Policy and Engagement for the Small Business Association of Michigan (SBAM). They are one of several groups across the country fighting to put an end to the CTA. Kim and Kelli touch on what the law means for small businesses, why it's so detrimental and what we all can do to help.