Small Business Owners -
New Laws Affecting YOUR Business!!
I went down to the local automotive repair place in my neighborhood and had the fortune to speak to the owner rather off-handedly about some things taking place in the small business market and found her (YES HER!! What ?!?! a woman can’t own an auto repair business sheesh….) somewhat dismayed by the subject of our conversation. As I was giving her my registration to do the inspection, I asked her “Have you had any of your employees trained in the handling of non-public information?” She replied, “Well, no, but what is that necessary for?” That is when I told her about legislation that is making mandatory compliance with FACTA, Graham-Leach-Bliley and the Red Flag Rules a reality. Needless to say, she was appalled that her attorney, accountant and advisors hadn’t informed that these programs require compliance. As we spoke for about an hour, I informed her that our service provides trainings and compliance alternatives to gain compliance with what the FTC (Federal Trade Commission) has requested.
In thinking about the dilemma that she faces, I came to the realization that research is the bain of every small biz owner. Ladies and gents, DO YOUR RESEARCH! If you don’t have the ability or knowledge of what is going on in your small biz arena, you open yourself and your livelihood up to a chasm of liability. If you find you need some assistance with getting your questions answered, or you simply don’t know what questions to ask, try joining a service that provides over 40,000+ small business owners a wealth of resources. GoSmallBiz.com and Prepaid Legal Services have a program that will give you not only access to advisors but will give you a website for your internet presence, a searchable listing within GoSmallBiz.com, access to attorney’s for consultation and other business related advice and a wealth of additional services.
Please feel free to look into these laws and do what is best for you and your small business, I did and I sleep more comfortable for it!
My website for additional information or to enroll is: www.prepaidlegal.com/biz/williamdcalloway
You can tour Go Small Biz here: http://www.gosmallbiz.com/
\Fair Credit Reporting Act as amended by FACTA (Paragraph 616 – 621 are especially important) www.ftc.gov/os/statutes/031224fcra.pdf
My email is: William.Calloway@CallowayPPL.com
I hope you find the information useful
Take Care and be safe,
Mr. William D. Calloway Jr., CITRMS
Monday, July 14, 2008
New Laws Affecting YOUR Business!!
Labels:
facta,
fcra,
grahm-leach bliley,
red flag,
red flag rules,
small business
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