Virginia Small Business Development Center

01/09/2025

FYI: Richmond water crisis shuts down many restaurants, businesses
After nearly 48 hours of citywide water outage, businesses and residents wait for restored service. The City of Richmond is currently under a boil water advisory.

Read More: https://virginiabusiness.com/richmond-water-crisis-shuts-down-some-restaurants-businesses/?oly_enc_id=5245J9828912I1J

Guidelines for facilities under a boil water advisory: https://www.vdh.virginia.gov/richmond-city/emergency-guidelines-for-food-facilities-under-a-boil-water-advisory-bwa/

Listen to this article “Dry January” became all too literal in Richmond, where most city residents and businesses were struggling with a water outage that started Monday afternoon and was still leaving much of a city with a population of more than 225,000 people without running water as of mid-a...

01/08/2025

It’s the time of year that people start thinking about the year ahead — and making resolutions to be better and do better.

Are you ready for 2025?

➡️

SMART goals, accountability partners and more.

01/06/2025

FYI: The Corporate Transparency Act lawsuit took another turn on December 26, 2024 after a Fifth Circuit Court panel reinstated the nationwide injunction against the statute.

As a result, Main Street businesses are not required to comply with the Corporate Transparency Act’s Beneficial Ownership reporting requirements until the panel is able to more fully consider the injunction and the underlying merits of the legal challenge. The key paragraphs are:

On December 3, 2024, the district court entered an order enjoining enforcement of the Corporate Transparency Act and its corresponding Reporting Rule. The Government requested a stay of the preliminary injunction, which the district court denied. The Government appealed, and on December 23, 2024, a motions panel of this court granted the government’s emergency motion for a stay pending appeal. The order also expedited the appeal to the next available oral argument panel.

The merits panel now has the appeal, which remains expedited, and a briefing schedule will issue forthwith. However, in order to preserve the constitutional status quo while the merits panel considers the parties’ weighty substantive arguments, that part of the motions-panel order granting the Government’s motion to stay the district court’s preliminary injunction enjoining enforcement of the CTA and the Reporting Rule is VACATED.

The panel also announced today that it would hear arguments on March 25 on whether to keep the injunction in place while the broader case is heard by the full court. So absent the federal government appealing yesterday's decision to the Supreme Court - and SCOTUS intervening in the case - the injunction will stay in place through the end of March 2025, at the earliest. In other words, covered entities do not need to file their Beneficial Ownership Information reports prior to that proceeding.

Meanwhile, plaintiffs are still waiting on the Eleventh Circuit ruling on the case from Alabama and are expecting a decision soon from the Western District of Michigan where the judge has already signaled his sympathy for the plaintiffs.

The new WH administration takes office on January 20th and small business groups are working to get an administrative delay implemented through the end of 2025. Key members of the Trump team have already weighed in against the CTA. The unpredictability we’re seeing in the courts is a central part of the argument for an administrative delay.

At this point, if your clients haven't filed, tell them they have until March, and they can hold off.

Read More: https://www.nfib.com/news-article/fifth-circuit-reverses-course-blocks-government-enforcement-of-burdensome-beneficial-ownership-reporting-for-small-businesses/

Please contact your local Virginia Small Business Development Center and speak with a business advisor if you have questions. This has been a confusing and complicated matter. At the moment the reporting requirement is PAUSED. Given the situation, be prepared for change.

The court’s latest decision reinstates the nationwide injunction, blocking the burdensome beneficial ownership information (BOI) reporting requirements for small businesses while the court fully considers the government’s appeal.

01/06/2025

01/06/2025

Listen to this article Business Facilities has named Virginia its 2024 State of the Year, recognizing the state’s business environment and economic development success, the publication announced Monday. The award comes in the same year as Virginia’s sixth No. 1 ranking as CNBC’s Top State for ...

01/06/2025

01/06/2025

Want to take some of the great webinars offered by the Virginia Small Business Development Center but never seem to be able to sync your schedule to do it? Good news! Many of the webinars are recorded and are available on demand on their YouTube channel! https://www.youtube.com//videos

01/01/2025

Happy New Year from all of us at the Virginia SBDC Network! 🎉🎊

We’re excited to start a new year full of possibilities, growth, and opportunities. Thank you for your continued support—together, we’ll make 2025 an amazing year!

Wishing you health, success, and happiness in the year ahead. Let’s make it the best one yet! 🌟

12/25/2024

12/25/2024

Wishing you a joyful and peaceful Christmas season from all of us at the Virginia SBDC Network! 🎄

✨ May this holiday bring you warmth, happiness, and quality time with loved ones. Thank you for your continued support this year—we’re grateful to be part of your small business journey. Here's to a successful and prosperous New Year ahead!

🌟

12/23/2024

Happy Holidays!

The Virginia SBDC Network State Offices will be closed from December 23, 2024 to January 6, 2025.

We hope you have an excellent holiday season surrounded by loved ones and your community. We look forward to reconnecting in the New Year!

12/23/2024

Take a break from big box stores and explore the gems in your own community. From cozy cafes to unique boutiques, shopping small makes a big difference. Ready to make an impact today?

12/21/2024

Weekends are a great time to reflect on your business goals and plan ahead. Need guidance? Our resources are available to help you get your ideas organized and ready to take on the new year!

Learn more: https://loom.ly/oaGpEPY

12/21/2024

Small businesses with fewer than 50 employees provide 42% of all jobs in rural America.

At the Virginia SBDC Network, we know that creating and growing these small businesses offers unique joys AND challenges. We’ve got access to cutting-edge tools and trained business advisors that can help your business thrive here in the beautiful hills of the Commonwealth.

Learn more: https://loom.ly/oaGpEPY

12/20/2024

Looking for unique, personalized gifts this holiday season?

Small businesses offer one-of-a-kind products that you won’t find anywhere else.

Support local artisans, crafters, and makers, and give a gift with a personal touch!

12/20/2024

12/19/2024

Small businesses make up 99.9% of all U.S. businesses! You’re in good company. We’re proud to help you build, grow, and thrive. What's your small business goal for next year?

Start 2025 off strong. Connect with your local Virginia Small Business Development Center and schedule an appointment with a business advisor: https://loom.ly/oaGpEPY