Starting a business means making hundreds of decisions before you make your first dollar. One of the most critical? How to control early expenses without sabotaging your quality or long-term reputation. Cutting costs shouldn’t mean cutting corners — and smart founders know how to balance frugality with professionalism. Whether you're launching your first LLC, setting up your storefront, or onboarding your first customer, here’s how to reduce costs and still start strong. Smart Start: Choose
The Corporate Transparency Act mandates U.S. companies to disclose their beneficial owners to combat financial crimes, requiring details like names and addresses to be filed with FinCEN. As of today, 12/04/2024, Thief River Falls, MN business owners have 27 calendar days(or 20 business days) left to file their Beneficial Ownership Information (BOI) report with FinCEN—don’t wait, or you could face fines of $500 per day! 1. Determine if Your Business Must File. Most LLCs, corporations, and small