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By YEC When starting your business, it’s important to get all legal matters in order as soon as possible. getty If you’re a new entrepreneur, an important task is ensuring that your business is compliant with all local, state and federal regulations. Some legal matters require immediate consideration, and you will want to address those issues as soon as possible. To help, Young Entrepreneur Council members share 10 essential tasks to handle right away when starting a business. When first starting your business, it’s important to get all the legal matters in order as soon as possible. In your experience, what’s one legal consideration new entrepreneurs should be sure to handle right away and why? 1. Set up a company mailing address It’s important to set up a company mailing address, especially if you are a remote business and don’t have a physical location. This address will be used in all of your email correspondence, legal documents, and more. You can set this up through a registered agent or through a company that handles mailboxes for businesses. Be aware you can’t use a P.O. Box to receive certain government forms and you may need a physical mailing address. —Nathalie […]

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Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors’ opinions or evaluations. Table of Contents Every small business owner gets to the point where they worry about the tax implications of their business, as well as having to handle accounting and other obligations. Trying to single-handedly juggle these tasks can lead to a lot of inefficiency and chaos. For this reason, many opt to hire a certified public accountant (CPA) who can handle these tasks on the behalf of your business. What Is a CPA? A CPA, or certified public accountant, is a highly skilled financial specialist who has been licensed to provide accounting services to the public. Licensure requirements include passing the rigorous Uniform CPA Exam, complying with additional state requirements and possessing a bachelor’s degree with a minimum of 150 credits alongside one to two-plus years of public accounting work experience. CPAs help business owners keep track of their finances including taxes and government filings, and also provide sound financial advice. CPA vs. Accountant vs. Bookkeeper [Compared] Bookkeeper Accountant CPA Specialist for Keeping and maintaining accounting records Analyzing financial records to get projections and budgets Financial advising, auditing […]

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(Adds shares, details from WSJ report, Goldman response, background) Jan 20 (Reuters) – The U.S. Federal Reserve is probing the consumer business of Goldman Sachs Group Inc to determine whether the bank had appropriate safeguards in place as it ramped up lending, the Wall Street Journal reported on Friday, citing people familiar with the matter. Shares of the investment bank were down nearly 3%. The central bank is concerned the Wall Street giant did not have proper monitoring and control systems inside Marcus, its consumer unit, as it grew larger, the report said. The probe, which grew out of a standard Fed review of the business in 2021 and intensified into an investigation last year, is also examining instances of customer harm and whether they were properly resolved, the report added. "The Federal Reserve is our primary federal bank regulator and we do not comment on the accuracy or inaccuracy of matters relating to discussions with them," a Goldman spokesperson told Reuters. Bloomberg News reported in September that the bank’s Marcus unit was facing a Fed review. The probe would add to troubles for Goldman, which is executing a strategic pivot that includes refocusing on its core trading and […]

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A view of the Goldman Sachs stall on the floor of the New York Stock Exchange July 16, 2013. REUTERS/Brendan McDermid /File Photo Jan 20 (Reuters) – The U.S. Federal Reserve is probing the consumer business of Goldman Sachs Group Inc (GS.N) to determine whether the bank had appropriate safeguards in place as it ramped up lending, the Wall Street Journal reported on Friday, citing people familiar with the matter. Shares of the investment bank were down nearly 3%. The central bank is concerned the Wall Street giant did not have proper monitoring and control systems inside Marcus, its consumer unit, as it grew larger, the report said. The probe, which grew out of a standard Fed review of the business in 2021 and intensified into an investigation last year, is also examining instances of customer harm and whether they were properly resolved, the report added. "The Federal Reserve is our primary federal bank regulator and we do not comment on the accuracy or inaccuracy of matters relating to discussions with them," a Goldman spokesperson told Reuters. Bloomberg News reported in September that the bank’s Marcus unit was facing a Fed review. The probe would add to troubles for […]

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The Digital FDI Initiative will help implement measures to create a ‘digital-friendly’ investment environment. The Big Picture Crowdsource Innovation The initiative will identify challenges and solutions to growing digital FDI: cross-border investment in the digital economy. Enabling digital FDI requires specific policies and measures vis-à-vis traditional FDI as digital firms operate different business models. This initiative opens the door for cooperation in other areas such as data policy, digital payments, digital skills and international agreements. Digital transformation is rapidly taking place, and we need the right governance frameworks to maximize its positive contribution and enable societies to prosper. The World Economic Forum and the Digital Cooperation Organization have launched a collaboration – the Digital FDI Initiative – to identify the biggest challenges to growing the digital economy by helping implement policies and measures that will create “digital-friendly” investment climates. Pakistan and Rwanda will be the first two countries to be supported by this new initiative to create an enabling environment for their digital future. More countries are in the pipeline to join the initiative and will be announced in the near future soon. With unemployment rates raised by COVID-19, the digital economy presents an opportunity to create innovative new […]

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By Jason Juliano Digital transformation is the integration of digital technologies into all areas of a business, fundamentally changing how it operates and delivers value to customers. It is a continuous improvement and innovation process that enables companies to stay competitive in an ever-changing digital landscape. Services related to digital transformation can include: Implementing new technologies such as cloud computing; Adopting new digital tools and platforms; and Redesigning and automating business processes to be more efficient and data-driven. Facts and Figures on Digital Transformation Outcomes There are several studies and research reports that have found that digital transformation can have a significant impact on small and medium-sized businesses. Some facts and figures that support this include: According to a survey conducted by Accenture, [1] companies that have fully embraced digital transformation and technologies have seen five times faster growth than their competitors; According to research by the United States Census Bureau, [2] businesses that have adopted e-commerce have seen an average increase in sales of 43%; and A study by Gartner [3] found that 89% of business leaders say digital is embedded in all business growth strategies. These are just a few examples of the many studies that have […]

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Ericsson CEO Börje Ekholm at the 2023 World Economic Forum Annual Meeting. The killer app for 5G will come with further investment in digital infrastructure In the tech-focused and even tech-adjacent sessions this week at the World Economic Forum Annual Meeting in Davos, Switzerland, leaders from the worlds of industry and government have touted the importance and inevitability of “digital transformation.” While there’s broader debate around that keyword, what it means, and if it really means anything, to the extent that WEF is a barometer, it’s a core consideration for how capital will be spent, how it will influence the global workforce, and what all that means for society and the economy. Ericsson CEO Börje Ekholm, speaking on a panel titled “Big Bets for Digital Industries,” said, “What we see is to digitalize enterprises, we will need to have improved connectivity, and it cannot be all wire-based. If you’re rotating machineries, it’s simply not possible” with wired connections. “I do believe that we are going to see this but where we are right now, we are at the [proof of concept] stage…They’re not industrialized applications yet. And I think…maybe we can say it’s a bit slower than we had […]

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FedScoop Radio The Department of Defense is readying to release a new cybersecurity workforce strategy early this year. DOD CIO John Sherman says the Pentagon needs to think differently about how cyber talent comes in and out of government. Jonathan Reiber , vice president of cybersecurity strategy and policy at AttackIQ and former chief strategy officer for cyber policy in the Office of the U.S. Secretary of Defense, discusses what that plan should look like and discusses the broader threat landscape the Pentagon is facing. The U.S. Agency for International Development has a new chief information officer. Jason Gray has been CIO at USAID now for about six months, after six years as Department of Education CIO. In an interview with Scoop News Group’s Wyatt Kash and KPMG’s Daniel Gruber , Gray explains how e’s prioritizing digital transformation and service delivery. The Daily Scoop Podcast is available every Tuesday and Thursday afternoon. Listen more here . If you want to hear more of the latest from Washington, subscribe to The Daily Scoop Podcast on Apple Podcasts , Google Podcasts , Spotify and Stitcher . And if you like what you hear, please let us know in the comments.

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Advertisement Hewlett Packard Enterprise CEO Antonio Neri joins Yahoo Finance’s Brian Sozzi and Julie Hyman at the 2023 World Economic Forum in Davos, Switzerland, to discuss pivots toward renewable energy investments, data innovation, its supply chain, tech layoffs, and hybrid workspaces. Recommended Stories AdvertisementAdvertisement

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RESTON, Va.–(BUSINESS WIRE)–Siemens Government Technologies (SGT) today announced that Greg Bowman has been appointed senior vice president and Chief Strategy Officer (CSO). Bowman, who has held a range of increasingly responsible growth and business development roles since joining SGT in 2016 following a 25-year career in the Army, begins his new position today. Most recently he served as the Chief Innovation Officer and vice president of Corporate Development. As the only cleared entity and leading integrator of Siemens technologies and services for the federal government, Bowman will guide SGT’s strategic project development and partnerships by leveraging the intersection of Siemens’ deep focused-technology expertise with U.S. government imperatives in energy efficiency and resiliency, smart infrastructure, and digital transformation. Following a distinguished Army career culminating as the Strategic Military Law and Policy Advisor to the Secretary of Army, Bowman has brought a unique depth of policy, technology, and operational understanding for government customer challenges today. He has adeptly served in all facets of the SGT organization, including program leadership, business development, strategic partnering, and personally leads initiatives in trusted supply chain technologies and advanced microelectronics. “Greg is superbly qualified to take on this role for us at a critical time for […]

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