In the ever-evolving landscape of financial products and services, innovation is often celebrated and encouraged. However, a recent enforcement action by the Consumer Financial Protection Bureau (CFPB), in partnership with 11 states, against Prehired, serves as a stark reminder that creativity in defining financial products, particularly loans, can lead to significant legal and financial repercussions.

Starting a business is an exhilarating journey, but what comes after the initial formation is what truly sets the stage for long-term success. At StartSmart Counsel, we understand that the journey doesn't end with the creation of your business entity. Here's why the following steps are essential for any business aiming for sustainability and growth.

In the exhilarating rush to bring innovative ideas to market, startups often overlook a crucial aspect of business success: corporate governance. While it's easy to get caught up in product development, marketing strategies, and funding rounds, neglecting corporate governance can lead to significant challenges down the line. This article explores why startups should prioritize corporate governance from the outset and how it can be a cornerstone of long-term success.

In the dynamic world of business, small and medium-sized businesses (SMBs) often face unique challenges. Limited resources, tighter budgets, and less room for error compared to larger corporations make it crucial for SMBs to strategically manage risks. This is where the power of a well-conducted risk assessment comes into play.

At StartSmart Counsel, we understand the nuances of compliance management and its impact on business scaling and investor relations. Contact us to learn how we can help fortify your compliance strategy and prepare your business for successful scaling and investment acquisition.

Are you ready to navigate the new landscape of corporate transparency? The clock is ticking towards a major shift in the way companies in the United States will operate. With the Corporate Transparency Act of 2021 coming into full effect on January 1, 2024, understanding the nuances of beneficial ownership reporting is no longer optional—it's essential. Our latest article demystifies the upcoming requirements and offers a clear roadmap for compliance.

Don't wait for the storm to hit to start looking for a bucket. Check out our blog for a deep dive into the legal checkpoints at every stage of your SMB's growth. Because when it comes to legal matters, it's better to be safe than shark bait.