October 1st, 2009
So let’s say you’ve just started a small company and want to offer shares, whether to yourself, investors, employees, or others. What sort of requirements will you have to comply with? There are many, whether on the federal level (through the SEC and IRS) or on the state level. SEC registration requirements can present some of the more complicated and difficult issues to understand when starting a company. In this article, I’ll try to concisely address and clarify some of those issues. Read the rest of this entry »
Tags: federal securities laws registration requirements sec exemptions small business
Posted in Corporate, Securities
1 Comment »
September 25th, 2009
One of a number of bills that would potentially benefit small businesses is now floating around Congress in the form of HR 1509, which, if enacted, would allow self-employed home-based business owners to take a standard deduction of $1,500 instead of itemizing home office expenses on their federal income taxes. Or owners may continue to itemize their expenses, if they prefer to do so. The bill, introduced in March of this year, is currently stalled in committee (or Congressional purgatory, however you prefer). Read the rest of this entry »
Tags: home office deduction small business tax
Posted in Corporate, Tax
2 Comments »
September 22nd, 2009
The 83(b) election is one of those small tasks that startups (especially closely held companies) need to think about, but which is often also easily forgotten or ignored. The failure to take advantage of the election can be costly: a large tax bill for a shareholder years down the line could be the result.
So what is the election, and when does it usually apply? I’ll try my best to tackle both issues in plain English. Although this topic has been blogged about quite a bit, the issue can be complicated, and explanations can quickly get confusing, so I thought I’d provide a concise (sort of) summary. Read the rest of this entry »
Tags: 83(b) election, close corporations, irs, shareholders, startups, stock, stock purchase agreements
Posted in Corporate, Tax
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August 27th, 2009
From the Buffalo Business First Journal comes this recent news about the Small Business Administration using YouTube to post informational videos helpful to small businesses and entrepreneurs. The SBA’s own channel, which can be found here, just debuted with a brief introduction and its first 10 part series, entitled “Delivering Success.” According to the Buffalo Business First Journal, the SBA plans to quickly add much more in-depth content, including programs on
[t]opics [that] will cover how small businesses can take advantage of the Recovery Act loan programs, government contracting opportunities, exporting to increase market share, counseling and training on how to start and grow a small business, and small business success stories.
Read the rest of this entry »
Tags: sba, small business administration, youtube
Posted in Corporate
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June 15th, 2009
For small business owners out there looking for a business loan, the web site kiva.org brings good news. Taken from a story I originally heard last week on Marketplace—by they way, it’s a great show, if you don’t already listen to it—Kiva announced that it’s created a micro-loan program in the U.S. Read the rest of this entry »
Tags: business loans, kiva.org, micro-lending
Posted in Corporate
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May 19th, 2009
Not for the startups out there, but for the established, viable small businesses, comes news from the Small Business Administration of a new loan program–the “America’s Capital Recovery Loan Program”–essentially a program guaranteeing, through third party lenders, up to $35,000 of interest free money for a year for small businesses struggling to pay their debts. Read the rest of this entry »
Tags: loan program, sba, small business
Posted in Corporate
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April 29th, 2009
One of the reasons I write this blog is to help small businesses, as well as myself, stay up to date about helpful free resources on-line. Like any group of sites, there are the good ones and then there are the ones that are hardly worth more than a few clicks followed by a quick exit. Read the rest of this entry »
Tags: business.gov, internet resources, small business
Posted in Corporate
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April 2nd, 2009
The US Copyright Office just published notice of its intent to raise registration fees, beginning August 1, 2009, pending approval by Congress. It’s not exactly earth-shattering news, but something to be aware of for businesses that intend to register copyrights in the near future. Read the rest of this entry »
Tags: copyright office, fees, registration
Posted in Copyrights, Intellectual Property
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March 31st, 2009
About a month and a half ago, immediately after President Obama signed into law the American Recovery and Reinvestment Act, I posted this blog entry, entitled “How the Stimulus Plan Benefits Small Business.” Most of the information in that post came from a NY Times article setting forth the various benefits to small businesses. Read the rest of this entry »
Tags: Recovery and Reinvestment Act, small business, tax incentives
Posted in Corporate
1 Comment »
March 27th, 2009
New companies often want to classify any new workers as independent contractors instead of employees, in order to limit the company’s costs. Costs attributable to hiring and retaining employees can be quite substantial and include workers’ compensation, unemployment insurance tax, social security tax and withholding and local payroll taxes. Simply calling a worker an independent contractor, even in a signed, written contract, does not, however, mean that the law will recognize the worker as such. Read the rest of this entry »
Tags: employers, indepdenent contractors, oregon law
Posted in Corporate
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