Entrepreneurship comes with numerous challenges, but one of the biggest threats to success is often overlooked: the cost of non-compliance. While many business owners focus on building their brand and expanding their reach, they may unintentionally overlook critical regulations, which can lead to significant financial penalties—or even jeopardize the survival of their business.

To help entrepreneurs stay ahead of these costly risks, the Akron Region Minority Business Assistance Center is hosting a free informational session titled The Hidden Cost of Entrepreneurship. This event is designed to equip business owners with the knowledge they need to avoid hefty fines and stay compliant with key regulations.

Event Details:

• Date: November 1, 2024
• Time: Doors open at 5:30 p.m., with the program running from 6:00 p.m. to 8:00 p.m.
• Location: Akron-Canton Airport, 5400 Lauby Rd., North Canton, OH 44720

During this session, participants will learn about important areas that can make or break their business:

• Beneficial Ownership Information (BOI): Stay informed and avoid penalties of $500 per day.
• Bureau of Worker’s Compensation: Ensure your business meets all required standards.
• Cybersecurity: Learn how to protect sensitive data from potential breaches.
• Taxation: Understand your filing requirements and ensure correct withholdings.

This is a valuable opportunity to get ahead of potential compliance issues before they escalate, and it is a proactive step toward long-term success. Don’t let ignorance cost your business—be informed, be prepared, and thrive.

If you’re a business owner looking to safeguard your operations, mark your calendar and join this critical discussion.

How to Register: To register for the event, please visit https://development.my.salesforce-sites.com/mbac/mbaceventregister.

By attending this free session, you will leave with actionable insights and a clearer understanding of how to keep your business compliant and thriving.