Although the PPP has been the most popular loan program for small businesses, it may not be the right solution for every business. There are other organizations offering loan programs, and even companies providing grants. Note that there are still elements you have to understand when applying for loans and grants. Read this article to learn more. If you need help reviewing your options, our team would be happy to assist you.
As we’ve "flattened the curve” of COVID-19 infection & as stay-at-home orders are gradually reduced, many business owners, possibly including you, are looking forward to returning to a new normalcy.However, this is a brand new territory for all of us & the risk of getting sick is still high, even possible lawsuits. As we shift to keep our business going, it is critically important to follow these guidelines to protect your business from liability while protecting your employee & customer health.
What the Coronavirus pandemic has brought us is battles toward staying healthy and sane when stuck at home and protecting our business to be fully operational in the midst of the crisis. Many business owners are now facing the tough decision of whether to persevere and keep their business going or to close it all down and walk away. If you are asking yourself this question right now, here are some things to consider before going down the bankruptcy road.
You're may be one of the many business owners who are finding it difficult to do the contractual obligations because of the COVID-19 pandemic. COVID-19 has greatly impacted businesses across the globe, causing unprecedented interruptions and closures. Situations like this only show how critically important it is to put a business plan in place and review any legal documents once in a while to ensure that all legal terms specifically fits your business situation, especially force majeure.
The success of your business also depends on how good your business attorney is. Hiring a skilled attorney is a critical part of your business advisory team to provide vital assistance in almost every aspect of your business and help you handle legal tasks that protect you from costly legal issues down the road. Finding the right attorney can be challenging, especially if you do not know what to look for but these tips will help you choose the one that is a good match for you.
The COVID-19 pandemic has impacted all of us and forced communities and businesses to reevaluate everything. As a business owner, you may already have traditional resilience planning but that may not be enough to combat this pandemic. But despite the unpredictability that has accompanied this global crisis, it is not too late to implement changes to protect you, your employees, and your business. Here are some tips and strategies to help you navigate these challenges and the ones to come.
Setting up an estate plan is critically important for business owners because owning a business is challenging even in the best of times and with the current global pandemic, things are much more overwhelming as you pivot to build the most stability for you and your business. If a whole estate plan feels too overwhelming right now, at least get an inventory of your assets and business in place, where your loved ones/partners and your team could access if you become ill or die. Learn more here.
Though LLC is a type of business that offers a level of flexibility, remember that the process of forming one can be complicated and involves complex legal documents. It is critically important that you remember and adhere to the compliance requirements to keep your LLC in good standing. Failure to comply with the requirements will result in the suspension of your LLC and put your personal assets at risk. Here are some steps to help you get started if you are interested in forming an LLC.
Owning copyright contents is one factor that contributes success to your business and registering your work with the U.S. Copyright Office makes it easier for you to be successful in a lawsuit against an infringer.
There are many factors to consider when deciding whether to change the structure of your small business especially if it is growing and expanding. By this, for any type of change, it is important to make sure that you complete all the notifications and registrations required by the state law. If you need help in implementing the business structure that is the most advantageous for your individual circumstances, consult with us so we can guide you step by step with the process.