January 23rd, 2022
If you had independent contractors or employees working for your business last year, there’s an important date coming up at the end of this month.
Do you know what it is?
It turns out, there are quite a few important annual dates for small businesses.
Want a leg up in making sure you don’t miss them?
You may be thinking why is tracking *simple* annual dates important? Can’t I rely on paperwork reminders in the mail or email notifications?
I want to spare you the heartache that comes with having your business administratively dissolved (as one example).
Last year I began working with a new client who believe she had a registered business entity set up with the state.
It turns out it had been administratively dissolved.
FIVE YEARS AGO.
She has been running her business without the shield of a legal entity for five years. And every day she deals with one of the most important things in her clients lives: MONEY.
- She has paid taxes for years under an EIN that is associated with an entity that no longer exists.
- She has been paying payroll under that EIN.
- She has been doing a wide variety of business activities without knowing she actually no longer had an active registered LLC in her state.
I don’t want that to be you.
We have had to set up a new legal entity.
New state licenses.
New local licenses.
A new EIN.
New accounts and passwords across the board.
And she has to set up new business banking.
New payroll services associated with the proper EIN.
And more …
All because she missed one deadline and didn’t know it.
Don’t rely on email reminders or even paperwork in the mail. There are reasons it may not get to you.
Instead, you should proactively calendar your important dates so that you can stay on top of some of the most important deadlines related to your business.
What dates or deadlines might be important for your small business?
Grab this Small Business Important Dates Checklist so that you can create your customized list of important dates for your business and have greater peace of mind.
Happy new year.
(PS. How does the phrase go, “Happy business, happy life?!” :))
ⓒ 2022, Heather Pearce Campbell, The Legal Website Warrior®