On Sunday, Congress agreed upon a second round of financial-aid checks, which had been delayed by prolonged political wrangling The wait is over. “I’m terrified.” They were the words of Christine Gaydos, a 31-year-old new mother and stagehand in In New Castle, Del., in the weeks before November’s presidential election. …
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Is Now a Good Time to Apply for a Business Line of Credit?
For numerous small business owners, service is tighter than normal today. The coronavirus has left lots of services without their normal increase of customers, which threatens capital. At times like these, would not it be good if you had a stash of cash to draw on? Some fortunate service owners …
Read More »EIDL Alert: Why You Must Read the Fine Print of Any Loan Agreement
Millions of small company owners who received a loan through the Economic Injury Catastrophe Loan (EIDL) program were alleviated to get authorized for among these low-rate loans through the Small company Administration (SBA). But some smart borrowers who carefully reviewed their loan contracts have balked at what seems difficult arrangements …
Read More »New Stimulus Bill—What You Need to Know About a Second Stimulus Check, $200 Unemployment Benefits, PPP and More
On July 27, 2020, Republicans put forth their new stimulus bundle proposition of around $1 trillion called the HEALS Act (the Health, Economic Assistance Liability Defense & & Schools Act). The Democrats had previously proposed a $3 trillion+ stimulus plan under the “Heroes Act,” however Republicans had rejected it as …
Read More »Six Easy Ways Your Small Business Can Save Money This Summer
The coronavirus is a game-changer for numerous little companies. It’s interfered with the economy, even leading to some little companies closing their doors. Numerous are dealing with reduced budgets and social distancing requirements that require to be followed. The financial news is not what lots of small company owners want …
Read More »A Guide to Non-Disclosure Agreements
In the company, there are various circumstances in which you might want to share secret information with another celebration. But the secret to doing so securely is making certain that the other celebration is bound to appreciate the secret information you supply them and not use it to your hindrance. …
Read More »How to Protect Yourself From the ‘Dirty Dozen’ Tax Scams
The Internal Revenue Service announced on July 16, 2020, its annual “Dirty Dozen” list of tax frauds. This year, the Dirty Dozen concentrated on scams that target taxpayers and highlighted aggressive and evolving plans associated with coronavirus tax relief, including Economic Impact Payments (also called tax stimulus payments). The wrongdoers …
Read More »Business Expenses to Re-Evaluate During an Economic Downturn
There is possibly no time more crucial for entrepreneur to know where their operating costs are coming from and how to stay solvent than during a crisis. The extraordinary nature of COVID-19’s influence on the worldwide economy can not be overstated. The financial effect will likely be felt for years …
Read More »PPP Loan Program Extended; Loan Data Released: What Small Businesses Need to Know
On Saturday, July 4, 2020, President Trump signed a new law extending the due date for obtaining an Income Protection Program (PPP) loan from June 30 to August 8. This extension begins the heels of new Interim Final Rules (IFR) issued by the Small company Administration (SBA) on June 22, …
Read More »Expanding Your Small Business Out of State: Navigating Legal Requirements for Your LLC or Corporation
In a digital world, your little company may be serving clients and markets in neighboring states and beyond. While this development can be thrilling, don’t let extra-legal requirements take the wind out of your sails. Each state has different rules for registering your LLC or corporation to “do service.” Failure …
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