Chamber of Commerce Hawaii
News
The CTA, BOI and FinCEN: Clearcut Answers for Hawaiian Businesses
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
Strategies for Your LLC to Flourish for Years to Come
Starting a business as an LLC offers exciting possibilities for growth. However, keeping the LLC in good standing is critical for smooth operations and future potential. Whether new or well-established, every business must prioritize staying compliant with state regulations. Understanding these legal requirements can make managing an LLC much more straightforward. With the right approach, your business can navigate these responsibilities and continue moving forward effectively. Mastering Annual Reports
Small Business Strategies for Competing with Bigger Companies
In a marketplace where titans like Amazon dominate the landscape, the prospect of running a small business might seem overwhelming. However, this David and Goliath scenario is not as one-sided as it appears. With strategic ingenuity and the right tools, small businesses can carve out a distinctive niche and emerge as formidable competitors. This article uncovers a treasure trove of strategies designed to help small enterprises stand their ground and flourish.Uncover Hidden Gems in Niche Markets One of
Look for These Weak Spots in Your Small Business
As a small business owner, it can be difficult to recognize signs of weakness within your daily operations. From financial problems to operational issues, addressing these weaknesses early on can help ensure the long-term success of your business. The Chamber of Commerce Hawaii has put together some tips on how to identify potential weak areas within your daily operations so you can handle them quickly and efficiently.Take a Look at Inventory Procedures It’s important to take a look at your inventory
