A rule that would require small businesses to share ownership details with the government has been put on pause. This rule is part of the Corporate Transparency Act (CTA), passed in 2021, to fight money laundering. A federal court in Texas stopped the rule's enforcement due to concerns about its con
Are you curious about how small businesses in India get the financial help they need? Aye Finance is a lender that's focusing on these small and medium-sized businesses. They're planning to raise $171 million through an initial public offering (IPO). This money will help them expand their loan servi
President-elect Donald Trump's plan includes heavy tariffs on imports, especially from China. This could be bad news for local shops. Those small businesses rely on global supplies, like the foods we eat or parts for repairs. If the costs rise by 20 to 100 percent, some shops might close. The probl
Imagine walking through a mall on a Saturday morning, browsing through a kiosk filled with cute stuffed animals. That was what Aurora resident Michael Steinbarth was doing with his son. He had a clear view on why small businesses are so important. "They're like the backbone of our country, " he said
As President Trump proposes new tariffs, small business owners are scrambling to protect their companies. Many are worried these higher tariffs could make things even tougher than before. Experts disagree with Trump's claims that his previous tariffs created jobs and didn't cause inflation. Analysts
It’s not just about Black Friday and Cyber Monday anymore—Small Business Saturday is making a splash! Born in 2010 by American Express and co-sponsored by the United States Small Business Administration since 2011, this shopping day puts the spotlight on local businesses. They're the heart of commun
Get ready, La Grange! The annual Hometown Holidays event kicks off on November 30, bringing a whole month of festive activities to the town. Organized by the La Grange Business Association and the village, this year’s celebration is set to be even more exciting. The festivities start with the Small
Massachusetts Governor Maura Healey recently met with small-business owners from the Retailers Association of Massachusetts (RAM). She noticed they were worried about the rising cost of health insurance. Their forecast for holiday sales was modest, with only a 1. 5% increase expected. Healey introdu
Thinking about retiring? If you own a small business, it's smart to start planning early. Mike Roach, who started Paloma Clothing in Portland, Oregon, knew he had to think about the future when he turned 74. His manager, Traci Burnes, had been crucial in navigating the pandemic, so he decided to off
Starting a small business is tough. But have you thought about what happens when you want to retire? It turns out, figuring out how to step away can be even more challenging. Mike Roach, who co-founded Paloma Clothing in Portland, Oregon, in 1975, realized he needed a plan after nearly 50 years. His
