San Francisco Sun

The San Francisco small business community is being urged to stay informed about several important developments and opportunities in January 2025. As the city ushers in the Year of the Snake, businesses are reminded to report Business Ownership Information (BOI) to the Financial Crimes Enforcement Network (FinCEN). Non-compliance could result in penalties of $500 per day and possible imprisonment for criminal violations.

Commercial leasing advice from Iris Lee, a specialist at the Office of Small Business, emphasizes the importance of understanding lease renewal options. "Have you reviewed your commercial lease contract lately? If you have an option to renew, do you know how and when to exercise it?" she asks.

California-based employers must comply with state law by registering for CalSavers if they employed one or more employees last year without sponsoring a retirement plan. The deadline was December 31, 2024, but late registration is still advised.

The Presidio Trust seeks mobile food vendors for its Presidio Pop Up program. This initiative aims to offer diverse culinary options that reflect Bay Area cultures. Additionally, SF Travel invites businesses to share events and promotions that might interest visitors through their platform.

Entrepreneurs aged 50+ can apply for a free business training program starting January 27, conducted by SF Tech Council and Blissen. Furthermore, local businesses are encouraged to apply for Source LX—a procurement program related to Super Bowl LX—to gain exposure and networking opportunities with key partners like BAHC, 49ers, and NFL.

In terms of events this month, Heritage Happy Hour will take place on January 9 at Mr. Bing’s Cocktail Lounge. The event brings together heritage professionals interested in preserving San Francisco's unique identity.

For those seeking guidance on business development, SCORE mentors will be available weekly at the Main Library starting January 8. Other workshops include topics such as designing a business website and preparing business taxes.

Finally, Shop Dine SF encourages supporting local businesses during San Francisco Art Week from January 18-26 by pairing art experiences with visits to local eateries and shops.