Posts

SCORE Releases Small Business Reopening Checklist
June 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 Owner
May 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 Community
May 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 Released
May 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 Borrowers
May 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 Loans
May 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 Virginia
April 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…