BUSINESS RESOURCE ROUNDUP
prepared by the SBDC at UNM-Taos
December 18, 2024

Beneficial Ownership Reporting
(If you have an LLC, Scorp, Ccorp) Source,FinCen: "In light of a recent federal court order, reporting companies are not currently required to file beneficial ownership information with FinCEN and are not subject to liability if they fail to do so while the order remains in force. However, reporting companies may continue to voluntarily submit beneficial ownership information reports." Source:Dodge Legal Group: "Plaintiffs filed an expedited response on 12/16, arguing that FinCen already announced that reporting is not currently required and it would actually confuse the public even more to backtrack and require filings again. The expedited nature of the matter indicates that the court may make another ruling before January 1, 2025. What does this mean for you? If your business has already reported, then you do not need to do anything further. If you have not reported, you do not have a reporting requirement at this time while court challenges are pending." Source: YoursTruly: "Reporting is simple, takes less than 10 minutes, and I haven't done it yet for my own LLC, waiting to see how this plays out. Feel free to reach out to your local SBDC for assistance."

Taos County GRT Rates will remain unchanged into the Jan-Jun 2025 period:
7.5% for Taos County
9.175% for Taos (City)
9.425% for Red River
8.5625% for Questa

SBA 504 loan rates for December 2024:
6.13%


WEBINARS:
(Free & Live, Let's start the new year strong!)

January 3
- How to Price Your Products for Small Manufacturers (WESST)

January 07
- Business Financial Literacy (SCORE)
- Basic Bookkeeping for Crafters and Artisans (WESST)
- Banking Basics for Entrepreneurs: Unlocking Financial Success (WESST)
- Conceptos Básicos de Bancos para Emprendedores: Desbloqueando el Éxito Financiero (WESST)

January 9
- Get Ready for Construction Season with SBA Contract Bonding Basics (APEX)
- Next Steps In Bookkeeping (WESST)

January 11
- Simple Steps for Starting Your Business - Basics (SCORE)

January 13
- Lunch and Learn: 5 Ways to Use ChatGPT (AI) for Small Business (SCORE)
- Business Model Canvas (WESST)

January 14
- Simple Access to SBA Surety Bonds (APEX)
- University of New Mexico Business and Economic Summit (UNM)

January 15
- Fundamentals of Franchising (SCORE)
- Business Fundamentals (WESST)

January 16
- GRT Filing Requirements for New Businesses (YoursTruly, live, in-person, at the Questa library, at 11a, just show up, :)
- Business Planning I (WESST)

January 17
- Business Planning II (WESST)

January 21
- Why Customer Service Matters! (WESST)

January 22
- Government Contracts 101 3-Part Series (WESST)
- Leadership Development for Women (WESST)
- Native Business Just Start It: How to Launch Yours Today (WESST)

January 24
- Marketing Basics for Makers and Creators (WESST)

January 25
- Polishing Your Business Idea (SCORE)
- Marketing Strategy (SCORE)
- Social Media Marketing (SCORE)
- Su negocio de cuidado infantil: declaración de impuestos |Your Childcare Business: Filing Your Taxes (WESST)

January 27
- Choosing the Right Business Formation (WESST)

January 28
- Federal Mentor Protege Program (APEX)

January 29
- Creating Social Media Marketing Strategies for Your Small Business (WESST)
- Getting Started with Customer Personas (WESST)

January 30
- Social Media the Smart Way: Paid Search with Google (SCORE)


RESOURCES

MySBA Certifications, SBA's one-stop destination for SBA's small business certifications

SBDCNet
AI for Small Business
Cleaning Services Business
Employee Ownership
Succession Planning

Chat GPT (trained by YoursTruly)
Taos for Business
New Mexico Funding Assistant

Contact:
Anwar D. Kaelin
Director, SBDC at UNM Taos
Business & Export Assistance Counselor
115 Civic Plaza Dr., Taos, NM 87571
NMSBDC.org | LinkedIn
Tel: +1-575-737-6219


ABOUT THE NEW MEXICO SMALL BUSINESS DEVELOPMENT CENTER NETWORK: The New Mexico Small Business Development Center (NMSBDC) Network was established in 1989 through a partnership with the US Small Business Administration, the State of New Mexico, the New Mexico Association of Community Colleges, and the New Mexico Association of Independent Community Colleges. The NMSBDC Network State Office is located on Santa Fe Community College campus. The program provides confidential, no-cost business consulting and low-cost business training to entrepreneurs and small businesses throughout the state. Strategically located in 24 communities, we serve all 33 New Mexico counties. NMSBDC consultants have countless years of combined management and ownership expertise and have helped to create more than 35,000 jobs in the state since its inception. Entrepreneurs have access to subject matter experts to help them start, expand and be profitable. For more information visit www.nmsbdc.org.

SBA DISCLAIMER: Funded in part through a cooperative agreement with the U.S. Small Business Administration. All opinions, conclusions or recommendations expressed are those of the author (s) and do not necessarily reflect the views of the SBA. All SBDC programs are extended to the public on a non-discriminatory basis. Reasonable accommodations for persons with disabilities and individuals with limited English proficiency (LEP) will be made if requested at least two weeks in advance. Contact: Santa Fe SBDC, 1950 Siringo Rd., Santa Fe, NM 87505, (505)428-1343.

FERPA Statement:  In order to comply with the Family Educational Rights and Privacy Act of 1974 (FERPA), students must email with their UNM Account. Students must include their full name and ID number. UNM-Taos Departments will not respond with any information contained in educational records from emails received from non-UNM accounts. For information on FERPA, please visit https://registrar.unm.edu/privacy-rights/ferpa.html