Have You Filed Your Beneficial Ownership Report Yet? It's Overdue

Welcome back to SmallTLK: Trends Report where I bring you the latest news and resources to help you make your small business a success. For insights on how to thrive as an entrepreneur and the human side of owning a small business, you can sign up for my Substack newsletter here.

Now, here are three things to know this week…

New Small Business Requirement: Did you know that a new law requires every U.S.-based small business to register its ownership details with the U.S. government? Most small businesses do not know about the law and even fewer have complied since the law went into effect earlier this year. If you haven’t filed yet, here’s everything you need to know about the Corporate Transparency Act which requires you to file a Beneficial Ownership Information Report.

Minimalist Marketing: Sounds counterintuitive, doesn’t it? When it comes to crafting messaging to attract customers, bigger is better, right? Well, not anymore. Consumer tastes are evolving and to grab their attention, you need to be strategic. Customers are increasingly craving simpler, clearer marketing. You can learn more about “minimalist marketing” and other evolving marketing trends your business can employ here.

It’s Small Business Day? So, What.: Most small business owners are too busy running their business to take time to celebrate Small Business Day (which is May 1, btw). If you’ve got a couple hours, though, I hope you’ll join me at our annual Small Business Day event next week. We’ll be interviewing two women small business owners who turned their passions into very successful startups. We’ll also be hearing from an esteemed panel of AI experts on how AI will impact your small business, and we’ll get the inside scoop from U.S. Chamber Chief Policy Officer Neil Bradley on the latest regulatory issues impacting small businesses. You can register here. And if you’re up for an adventure, come join us in person in Washington, DC. I’d love to meet you!

Jeanette Mulvey is a small business expert. She was the founding editor of BusinessNewsDaily and editor of Business.com. She currently serves as Editor in Chief of CO— by the U.S. Chamber of Commerce. You can sign up for her Substack newsletter that covers the human side of owning a small business here.