How can small businesses ensure compliance with the terms of their contracts?

By
David Senawi
Compliance
2
min read
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Ensuring contract compliance requires regular monitoring of contractual obligations, maintaining clear communication with all parties involved, and promptly addressing any issues or breaches. Small businesses should establish a contract management process that includes regular check-ins, performance reviews, and documentation of all actions taken under the contract. Staying proactive in managing contracts helps prevent disputes and ensures that all parties fulfill their responsibilities.

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BOI Compliance, LLC (“BOI Comp”) is not affiliated with the US Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) directly. FinCEN permits third-party service providers to assist business owners in submitting reports through FinCEN’s BOI E-filing website or an Application Programming Interface. Once BOI Comp submits your report to FinCEN, you will receive confirmation. FinCEN does not charge a fee if you wish to navigate the government’s reporting application process yourself and submit your company’s BOI report directly to FinCEN.