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Noncompetes, SBA lending and the other federal rules that could impact small businesses in 2023 - Phoenix Business Journal

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Noncompete bans, contractor worker changes and the other changes that could affect employees in 2023.

For small businesses, experts and proponents have said the rule could increase access for small businesses — particularly when it comes to small-dollar loans. But some in the banking industry have also

The rule would go into effect 180 days after the final version is published. The FTC is looking for public comment for the next 60 days.4. A Treasury Department final rule would require detailed business ownership information and other entities to report beneficial ownership and control information to the Financial Crimes Enforcement Network is set to go into effect on Jan. 1, 2024.

having filed a lawsuit late in 2022 that says the rule infringes on the states powers over the formation of businesses.Business owners and employers would pay significantly more to petition for and sponsor workersThe new fees, meant to defray what the agency says are increased costs and bring down increased processing times while allowing it to hire more employees.

 

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