Musings From Your Favorite Attorney
Today is my last "work day" for 2024 - last day of meetings,
last day of networking, last day of client work. If you are like me this means you are frantically trying to get all the last minute stuff done so you can actually enjoy your time off. I'll spend part of my winter break with family enjoying the
holidays. We'll get to experience Connor's first Christmas, although he's still too young to make much of it - we'll have fun with it though! I hope you will have that opportunity to spend quality time with family and friends as well and that you'll have moments of absolute JOY. I'll spend part of my winter break daydreaming, journaling,
goal-setting, and planning out 2024. This is one of my favorite parts of the year - looking forward to the coming year as a blank slate full of opportunity and potential that I can fill and create however will best suit me. Finally, I'll spend part of my winter break just kicking
back and relaxing. Taking it easy. There may even be a novel squeezed into that winter break! "Relaxation is the foundation for success. It
creates space for clarity, creativity, and breakthroughs.” – Kathy Cooperman, “Crimes Against a Book Club” (2017)
Wishing you all the happiest of holidays, whatever you
celebrate, and an abundance of health, wealth, love and joy in 2024! Until next time. With gratitude, Cheri
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Corporate Transparency Act Have you heard of the Corporate Transparency Act? Do you know how it affects YOU as a small business owner? If you haven't heard by now, beginning January 1, 2024, there is a new federal reporting requirement for small business entity owners - which means the vast majority of my readers!
All entity owners that meet the definition of a
"reporting entity" (if you own an LLC or corporation this will apply to you) will have to submit "beneficial ownership information" to FinCEN - the Financial Crimes Enforcement Network. The link will take you to more information about the beneficial ownership
reporting requirements.
Here's the timing:
If you have an existing LLC prior to January 1, 2024: you are required to submit the report by January 1, 2025 - so you have a FULL YEAR to figure this out and get more information.
If you file your LLC application during calendar year 2024: you have 90 days after the LLC is registered to submit your report.
If you file your LLC after January 1, 2025: you have 30 days after the LLC is registered to submit
your report.
A few more things:
While it is
always nice to have help, you are NOT required to have an attorney or CPA fill out the form for you. You can fill this out on your own.
If you're a Business Counsel member, I can fill out this form for you at no additional cost.
Just reach out. 😉
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Elevate Your Coaching Business Summit Are you ready
to take your coaching practice to new heights? I'm thrilled to invite you to the "Elevate Your Business Coaching Summit" taking place on January 17th, 2024. This power-packed event is designed exclusively for passionate coaches like you who are eager to unlock the secrets to success and transformation in their coaching journey. Here's a glimpse of what
awaits you: - 8:00 am PST - Welcome & Keynote Kick Off: An introduction to our day filled with insights, strategies, and inspiration.
- Panel Presentations: Dive into discussions covering crucial aspects of your coaching practice, from setting goals to managing stress, building
a standout brand, market research strategies, and launching without a huge audience.
- Implementation Mastermind Sessions: Apply panel insights in breakout sessions tailored to help you integrate these strategies into your coaching approach.
- Keynotes: Experts sharing invaluable
wisdom on branding, customer experience, 7-figure sales secrets, and more.
- Exclusive Prizes and VIP Upgrades: Elevate your experience with exciting rewards and special perks!
This summit is your gateway to a wealth of knowledge, networking opportunities, and actionable
strategies that can redefine your coaching business in 2024. Secure your spot today and get ready to transform your coaching practice! Click here to reserve your seat. Don't miss out on this incredible opportunity to elevate your coaching game. Join us
at the "Elevate Your Business Coaching Summit" and let's soar together!
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Here's the latest update on my GIVE BACK program! (If you want to learn more read my original Give Back article HERE) For the month of December, I gave my entire donation (over $100) to Foster Angels on Earth. Foster Angels on Earth, Inc. is a (501c3) non-profit organization with a mission to bring awareness to the issues children face in foster care and provide various support to help bridge the gap within their peer group and
systems which affect their lives. Every year, through individual donations and corporate sponsors, they provide holiday gifts for children in the foster care system, within Montgomery, Bucks, Delaware and Philadelphia counties. For the majority of these children, the gifts they receive through the Foster Angels on Earth, Inc. program are the
only gifts they will receive. I've definitely enjoyed Give Back this year and plan to continue it next year with a few tweaks.
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#MeTime As we are winding down the year, let's spend some time with our thoughts. This week take the time to journal - how has
your year gone? What would you like to continue next year? What do you want to do differently next year? Spend some time on your big dreams. Write them all down. Then edit the list. What is most important to you? What is truly aligned with your values? What would have the most impact on your life? Use this journaling to inform your plans and goals for the new year. Let's Talk Legal, my private Facebook Group, is a place to discuss the legal aspects of running a small business in an open, honest, supportive community of like-minded small business owners. If you are a member, engage! Ask questions, share business advice, join in discussions, invite your fellow business owners! If you aren't a member join now... We'd love to welcome
you!
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This newsletter is for informational purposes and does not constitute legal or financial advice. I f you need legal or financial advice, please consult a professional.
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