2-13-24 - Small Business Owners Face Economic Uncertainty and the Beneficial Ownership Rule

NEWS ROUNDUP

1 - Small business owners continue to grapple with economic uncertainty, according to the National Federation of Independent Business’ Small Business Optimism Index.
https://www.nfib.com/content/press-release/economy/small-business-owners-expectations-for-higher-sales-declined-in-january/

2 - Many small businesses are still unaware of the new Beneficial Ownership rule from the Treasury Department that went into effect on 1-1-24.
https://www.wsj.com/articles/small-businesses-must-now-report-ownership-information-to-the-government-but-many-dont-know-about-it-bb13f2b6

https://www.fincen.gov/boi

3 - Nearly a year after the run on Silicon Valley Bank, small business owners aren’t panicking about their business accounts that hold than $250,000, the amount beyond which the FDIC won’t insure deposits.
https://www.marketplace.org/2024/02/12/banking-crisis-fdic-protection-businesses/

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