Small Business Administration (“SBA”) loans to the rescue. The CARES Act significantly expands eligible businesses to include venture-backed startups, sole proprietors, independent contractors, nonprofits, the self-employed, franchises, and more.
Read MoreThe FFCRA affects all employers with fewer than 500 employees. The bill calls for qualifying employers to provide up to 12 weeks of FMLA leave for employees who have a qualifying need related to a public health emergency and who have been on the payroll for at least 30 calendar days.
Read MoreCorporations* are a different matter altogether because in addition to its Annual Report ($50.00 paid by March 1), it must file franchise taxes. The amount of franchise taxes a corporation pays varies depending on several factors.
Read MoreSplitting the pie is not an exact science, but years of experience and data show us some patterns that have emerged among successful startups. And just as with any successful process, others follow suit and emulate them. Here, we will discuss ranges of equity allocated to founders, investors, employees, board members, consultants, and advisors.
Read MoreTo the public, the lines can sometimes blur between a lifestyle business, a small business, and a startup. But not for an investor. Investors will run as far away as they can from a lifestyle business and a small business (and if we’re being honest, from most startups as well).
Read MoreA good rule of thumb is to hire an attorney on retainer and resolve potential issues before they arise. This list is not exhaustive, but it will give new business owners an idea of some of the legal issues their businesses may face. Contact an attorney during these points in the life cycle of your small business:
1. When you have an idea for a business name. You should hire a small business attorney to help you determine whether you can use a business name. Your attorney may tell you that the name you chose is already trademarked and cannot be used.
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