The pandemic saw a significant increase in the number of start-ups. According to the Bank of America Institute’s recent Small Business Checkpoint, the start-up boom is continuing. “Even as the economy moderates, new business applications remain elevated this year.” Three sectors are particularly strong now: accommodation and food services, healthcare and social assistance, and construction. #IdeaoftheDay
Barbara Weltman
Big Ideas for Small Business, Inc.
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BOI reporting cont'd. But this isn’t the end of the story. The government filed a notice of appeal with the appellate court, and FinCEN says “deadline stay—voluntary submission only” (https://bit.ly/3ZpKxwU Note: There are cases challenging CTA that are still pending.