As you consider starting a small business, you should think what business structure is best for small businesses. When you're ready, there are a few decisions that you'll have to make regarding a structure. Much will depend on the type of business you have and how many people are involved. … [Read more...] about What Business Structure is Best for a Small Business?
The idea of starting and running a non-profit may put some people off. In addition to state and federal requirements, there is considerable administrative work that goes into starting and continuing a non-profit organization. But it’s possible to do a non-profit mission or project without … [Read more...] about How Can Fiscal Sponsorship Help My Non-Profit?
Many business owners may blithely assume that when they pass away, their family members will step in and take over the company as if you were still there. Unfortunately, that’s not a very good assumption, and not a good business succession plan, either. Successfully transitioning a business to … [Read more...] about The Pitfalls Of Failing To Establish Business Succession
As the production and distribution of the recently developed COVID-19 vaccine increases, many people may wonder whether their employer can require them to get the vaccine. The general rule is yes – with some exceptions. GENERAL RULE Under employment law, employers have the right and ability … [Read more...] about CAN AN ILLINOIS EMPLOYER REQUIRE YOU TO GET THE COVID-19 VACCINE?
The Small Business Administration (SBA) has started processing loan forgiveness applications. Almost 96,000 applications have been submitted so far. Should you submit your application now or wait? Here are some things to consider: 1. Deduction for certain expenses: The IRS recently … [Read more...] about Don’t Ask for PPP Loan Forgiveness Just Yet