Trends that could affect businesses through 2017 and beyond

Indeed, we do not regularly discuss politics or political actions on this blog, but it is naïve to believe that politics does not influence business trend. Being knowledgeable about political trends can help businesses make important decisions that could affect them for years to come.

With the winds of political change currently blowing, we would be remiss if we did not identify a few possible trends that may shape how businesses operate in the second half of 2017, or for the next few years. 

Regulatory reform is coming – It is no secret that the high regulation of the post financial crisis environment makes it difficult for banks to take calculated risks on investments on property (both real and personal). With the new administration, the charge for regulatory reform is very likely.

Business confidence is growing – The coming change in regulations is likely driven by a growing need for capital. With businesses confident with where they may be at the end of the year, they are feeling confident about seeking loans. With interest rates still relatively low (even though an increase was made earlier this year) and the opportunity to obtain loans, there is ample reason for businesses to feel confident about the changing business climate.

Tax reform is a top discussion topic – As we alluded to earlier, regulatory reform is coming. With that, tax reform is a top regulatory discussion for businesses of all sizes. Indeed, the federal government wants to stave off further inversion deals, and businesses (especially small businesses) want a simpler tax code. It remains to be seen what will come of such a controversial topic.

If you have questions about legal decisions affecting your business, an experienced attorney can advise you. 

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