Posts
SCORE Releases Small Business Reopening ChecklistJune 03, 2020
As part of its ongoing efforts to educate and assist small business owners and entrepreneurs across America, SCORE has recently released a helpful checklist of tips and resources for small business owners as they implement their reopening strategies…
Common Questions Regarding Setting Your Salary as a Startup Business OwnerMay 29, 2020
Once a startup business is formed and starts generating a profit, owners are faced with the decision of how to begin withdrawing money from the business. Owners that decide to start drawing a salary are faced with an often-controversial issue…
Thumbs Up to ForwardRVA for its Efforts to Help the Local Small Biz CommunityMay 22, 2020
A new program, ForwardRVA, has been organized by Chamber RVA and local business, government, and community leaders to provide resources to support local businesses in reopening and operating safely. Specifically, ForwardRVA is offering free…
SBA PPP Loan Forgiveness Application ReleasedMay 20, 2020
If you are one of the millions of fortunate small business owners who obtained a PPP loan in this massive $600+ billion program, it is now time to start getting your ducks in a row to apply for loan forgiveness with the recent SBA release of…
New Guidance from Dept. of Treasury Offers Comfort to Small Business PPP BorrowersMay 13, 2020
As a follow up to a recent post about concern and confusion among many small business owners about whether they should consider returning their PPP loans this month, those concerns should largely disappear thanks to a newly published PPP FAQ…
Why is a General Partnership a Horrible Structure for Small Business Ownership?May 12, 2020
If you are thinking about starting a new business with one or more business partners, you have a variety of choices in terms of selecting a legal structure for the business.
A partnership is the simplest and perhaps the oldest type of business…
How Much Should a PPP Borrower Worry About SBA FAQ Question 31?May 07, 2020
Small business owners across America have scrambled over the past month to obtain over $5 billion in PPP loans with the promise that such loans will be forgiven if proceeds are used to retain employees and cover certain types of business expenses…
A Few Things Small Business Owners Should Know About PPP LoansMay 07, 2020
The Paycheck Protection Program (PPP) is a massive loan program designed to incentivize small businesses to retain staff during the COVID-19 pandemic. Aside from the immediate infusion of capital to help address short-term cash flow concerns,…
The New and Improved Regulation of Assumed Name Filings in VirginiaApril 28, 2020
Effective January 1, 2020, the Clerk’s Office of the State Corporation Commission became the central filing office in Virginia for all certificates of assumed or fictitious name, effectively streamlining the previous two-step process into…