Posts

Unpleasant Surprise in Small Biz Acquisitions: The SBA Standby Agreement
April 10, 2020

An unpleasant surprise that sometimes pops up in the days leading up to closing in small business acquisitions involving SBA financing is the SBA Standby Agreement (also known as SBA Form 155). As a condition of loan approval, some SBA lenders…

COVID-19 ALERT: RMA Launches Retail Relief 2020
April 08, 2020

Thumbs up to the Retail Merchants Association for announcing a special program to benefit the RVA small business community. Branded as “Retail Relief 2020”, RMA is offering free membership to all local retail businesses for the next six…

Notifying the IRS of a Business Name Change
April 06, 2020

Every business has a name, and sometimes, for various reasons ranging from a rebranding campaign to a change in ownership, the name changes. If the business operates through a legal entity, such as a Virginia LLC, then an it changes its name…

Update for Virginia Small Business Owners on SBA EIDL Loan Program
March 30, 2020

The Virginia Small Business Development Center (SBDC) Network has 27 local centers across the state. You can get free help from SBDC professional business advisors by clicking here. Please contact them directly to schedule a phone call or virtual…

A Few Resources for Small Business COVID-19 Relief
March 25, 2020

As we all brace for the full impact of COVID-19 to hit the United States and the economy, here are a few resources for small business owners to consider exploring: Small Business Administration Economic Injury Disaster Loan Program. The SBA…

ALERT FOR VIRGINIA SMALL BUSINESS OWNERS
March 23, 2020

The Virginia SBDC network is hosting a webinar TODAY (Monday, March 23) from 2:00-2:45 pm for their partners to review the application process for SBA Economic Injury Disaster Loans (EIDL) available for Virginia small businesses and nonprofits. Click…

A Few Tips for Small Biz Owners on COVID-19 and Staff Telecommuting
March 19, 2020

Well the first quarter has certainly taken an unexpected turn for the entire planet, hasn’t it? A dangerous, stressful, and disruptive time for everyone. Public health and safety rightfully takes top priority; therefore, my first suggestion…

What is Regulation D and how does it Benefit Small Business?
March 18, 2020

Regulation D is a series of transactional, safe harbor exemptions from the registration requirements under the Securities Act of 1933.  Generally speaking, when a business owner wants to raise capital from passive investors, the offer and sale…

The Big Three from Let Go to Grow
February 24, 2020

I recently read a great book for small business owners and entrepreneurs called Let Go to Grow, written by local business/management consultants Doug and Polly White. The book was first published in 2011, so my apologies for being a little tardy,…

SCORE Richmond’s Business After Hours
February 17, 2020

Thumbs up to Richmond's SCORE for another great networking event last week at Capital Ale House. Always fun to catch up with local entrepreneurs and small business owners and hear about the latest SCORE workshops & mentoring opportunities.…