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Small Business Center at Mitchell Community College

The Small Business Center (SBC) at Mitchell Community College is part of the statewide Small Business Center Network (SBCN), a community college-funded initiative with a vision to foster and support entrepreneurship, small business and economic development in local communities across the state. Whether you are exploring your options for opening a business or you are an experienced business owner, the Small Business Center is a valuable resource for small businesses in Iredell County.

Programs and Services

Starting or growing your business? Need to add to your list of skills to ensure success in your new venture? The Small Business Center provides a variety of training including free business seminars, interactive workshops and classes. Training is available on a variety of valuable business topics, such as business startup, business planning, marketing, social media, basic bookkeeping, web design and business management training. Most of our business workshops and seminars are free with some advanced topics available for a nominal fee.

Need answers for your business? The Small Business Center provides one-on-one confidential business counseling at no charge for your small business and startup venture. Whether you need help with business planning, business development and growth, problem solving or cash flow management, we can provide you with the expert assistance you need.

Small Business Center Resources

The Small Business Center features a library that provides professional resources to increase your business knowledge. Periodicals, books and other materials can be accessed. A computer is also available to provide access to online business resources, as well as business plan software. The SBC resource room and library are open during regular SBC hours and are free and available to SBC clients by appointment. The SBC makes referrals on a regular basis to other state agencies and other business assistance resources.

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Beneficial Ownership Information Overview (Opens in New Tab)

A new law that went into effect on January 1, 2024, that will affect many businesses, including small businesses. The law is the Beneficial Ownership Information, required by the Financial Crimes Center branch of the Treasury Department. Beginning on January 1, 2024, many companies in the United States will have to report information about their beneficial owners, i.e., the individuals who ultimately own or control the company. They will have to report the information to the Financial Crimes Enforcement Network (FinCEN). FinCEN is a bureau of the U.S. Department of the Treasury.

Many businesses may be a reporting company and need to report information about its beneficial owners if the business is: 1. A corporation, a limited liability company (LLC), or was otherwise created in the United States by filing a document with a secretary of state or any similar office under the law of a state or Indian tribe ; or 2. A foreign company and was registered to do business in any U.S. state or Indian tribe by such a filing. 

As specified in the Corporate Transparency Act, a person who willfully violates the BOI reporting requirements may be subject to civil penalties of up to $500 for each day that the violation continues. That person may also be subject to criminal penalties of up to two years imprisonment and a fine of up to $10,000. Potential violations include willfully failing to file a beneficial ownership information report, willfully filing false beneficial ownership information, or willfully failing to correct or update previously reported beneficial ownership information.

Official FinCen Website:

A BOI Information brochure:

Frequently Asked Questions:

BOI Small Entity Compliance Guide:

Have Questions?

Suzanne Wallace, Director

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