House Deals Blow to Millions of Small Businesses by Passing Corporate Transparency Act
Small businesses will face serious privacy concerns, significant regulatory costs, and threat of fines or jail time for non-compliance
Small businesses will face serious privacy concerns, significant regulatory costs, and threat of fines or jail time for non-compliance
Small businesses would face $5.7 billion in new regulatory costs and an additional 131.7 million hours of paperwork if H.R. 2513, the Corporate Transparency Act of 2019, is signed into law.
Federal, state, and local laws provide assorted job protections for employees needing leave for a variety of issues.
Even in industries that are fairly safe, small business owners would be mistaken to think workers’ compensation insurance isn’t required.
From the 2020 Special Session/2019 Regular Session
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