News
Peabody, MA Small Business Owners: How to Move Forward on the CTA, BOI and FinCEN Changes
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. However, filing your Beneficial Ownership Information (BOI) report will help you avoid fines
Peabody Entrepreneurs: These Are the Pros and Cons of Opening Up a Franchise
As an entrepreneur, you’re eager to get to work. However, before you jump into franchise ownership, it's important to understand what goes into the decision. There are upsides and downsides to owning a franchise, and it's important to weigh both before making a decision. In this article, the Peabody Area Chamber of Commerce takes a look at the pros and cons of franchise ownership so you can make an informed decision. The Pros of Franchise Ownership There are several upsides to franchise