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According to Forbes:
The reports are referring to a new $50,000 limit on monthly cash activity being imposed on small business checking accounts and a ban on outgoing international wire transfers on those accounts.
Small business customers received letters from the bank stating that the changes are effective November 17. “These changes will help us more effectively manage the risks involved with these types of transactions,” the letter states.
It's a natural consideration: your small business on a tight budget figures using your family is a great way to save money.
Maybe Mom's the restaurant's hostess, sister's a waitress, Dad's your accountant.
And they lived happily ever after, right? Well....
Can you, your family, and small business work together?
Listen as we discuss the pros/cons of small business staffing with family on Piggy Bank Promotions.--Wendy Meyeroff
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