Everything You Need to Consider Before Closing Your Business
At the start of 2020, New Jersey was home to close to 900,000 small businesses. It is difficult to say how many remain open, but is certain that many have permanently closed, or are on the verge of dissolution. At this juncture, business owners need to ask themselves if a full dissolution is even necessary. […]
A Quick Look at the Paycheck Protection Program
Small businesses are still surviving, months after the United States government signed the CARES Act into law and introduced the Paycheck Protection Program, a nearly $650 billion loan program. The program’s purpose is to provide business owners with eight weeks of cash-flow assistance through 100 percent federally guaranteed loans. All small businesses are eligible for the […]
Four Questions about the Paycheck Protection Program
According to a new bill passed by the House, and a similar one proposed by the Senate, the Paycheck Protection Program is going to be extended until December 31st. In the meantime, there are still plenty of questions New Jersey small business owners need answers to.Do I have to apply through one lender?No. Once your […]
Five Ways the Flexibility Act Improves the Paycheck Protection Program
The Paycheck Protection Program is a $650 billion loan program, introduced by the CARES Act , that offers small businesses eight weeks of cash-flow assistance through 100 percent federally guaranteed loans. The Paycheck Protection Program Flexibility Act of 2020 (PPPFA) was introduced by Representatives Dean Phillips (D-MN) and Chip Roy (R-TX) and passed by the […]
Four Essential Documents for Small Businesses During COVID-19
The services of small business attorneys are more essential than ever. Typical contracts may prove difficult to fulfill, employees may need to be furloughed, health and safety policies will have to change and temporary work from home policies will have to be created. The use of these four crucial documents will play an important role […]
NJ Small Businesses Find Hope in the CARES Act
Cash is king. You may have prepared a three-to-six-month buffer, but you still need a contingency plan for when that runs out. There was little to no way for you to prepare for these unprecedented times and there are still bills to pay.Take full advantage of the CARES Act.The Small Business Administration’s (SBA) Economic Injury […]
Trenton Receives $100,000 Grant to Stimulate Economic Growth
Different people have different impressions of our state capital. It depends on your perspective. The most common attitude among Trentonians, however, is pride, along with a deep, abiding hunger for self-improvement and success. Creating new jobs and establishing new businesses is at the center of that drive. Now, thanks to the New Jersey Economic Development […]
Top-Tier Event Celebrates Latinx Business Boom
We are living in the era of a new mainstream economy. It is driven, in large part, by Latino entrepreneurs, consumers and workers. In September 2019, at the Manchester Grand Hyatt San Diego, with the collaboration of Wells Fargo, a top-tier business and media event was launched. It is called L’ATTITUDE. In alignment with Wells Fargo’s […]
Small Businesses and the Benefits of Charitable Contributions
As a brand-new small business owner, you may not be feeling inclined to give money away. After all, the whole idea was to get that cash flowing in the opposite direction. Guess what? That cash flows from consumers, and consumers like companies to support charitable causes. So, start with your business plan. Incorporate charitable donations, […]
Is an Oral Contract a Valid Agreement?
Is an oral contract a valid agreement? A contract is normally thought of as a document. It includes features like the parties involved, each party’s obligations and penalties for failure to abide by the terms of the agreement. There must be a written agreement to have a binding arrangement between two parties, right? While this […]