To help prevent and combat money laundering, tax fraud and other financial crimes, a recent bipartisan law requires many companies and small businesses to report beneficial ownership information (BOI) to the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN).
North Carolina Small Business Owner Highlight
If not for his love of music, Lloyd Smith wouldn’t have a successful business selling neuroscience research equipment.
Lloyd, who originally had an interest in engineering, dropped out of his undergrad program after just one semester to pursue a career in music. Fortuitously, however, his then-bandmate worked in a neuroscience lab, sparking Lloyd’s interest in brain research, motivating him to return to school for neuroscience and eventually helping him find his new career path.
North Carolina Events
Since its inception more than 70 years ago, the U.S. Small Business Administration (SBA) has helped millions of small businesses across the country access the capital and resources needed to thrive and grow.
North Carolina Research
Small Business Majority’s new poll of North Carolina small business owners reveals strong support for legislative solutions that would remove barriers for justice-impacted individuals by making reforms to occupational licensing and debt-based driver’s license suspensions. These politically diverse small business owners believe these measures would enable employers to tap into an underutilized workforce and open up opportunities for entrepreneurship.
While small businesses employ nearly half (46.4%) of the private workforce in the United States, many are struggling to hire and retain a ready workforce. Our poll of Colorado, Georgia, Illinois, North Carolina, Tennessee, and Texas small business owners reveals strong support for legislative solutions that would remove barriers for justice-impacted individuals by making reforms to occupational licensing and debt-based driver’s license suspensions. These politically diverse small business owners believe these measures would enable employers to tap into an underutilized workforce and open up opportunities for entrepreneurship.
Small businesses in North Carolina are still struggling to hire and retain a ready workforce, persistent challenges in the wake of the pandemic.