Category Archives: Corporate
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Updates to the EIDL Loan by Danielle Stubbs
- November 11th, 2022
- Business Law, Corporate, Office Information
During the pandemic, many small businesses took advantage of the EIDL Program (COVID-19 Economic Injury Disaster Loan). Implemented by the Small Business Administration, this program was designed to support the recovery of small businesses from the economic impacts of COVID-19.These loans were attractive to many, as they were designed to be low-interest...
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Help! I’ve Been Served! – What to do After Being Served with Legal Pleadings
- October 3rd, 2022
- Business Law, Corporate, Family Law, Personal Injury, Probate Administration
By Danielle Stubbs and Melissa Miller We’ve all seen movies where someone hears the three dreaded words - “You’ve been served.” Although often not as dramatic as Hollywood would make it seem, being served with legal documents can cause a world of stress and confusion - especially when it’s unexpected. However, there are some things that you can do to save yourself trouble down the road: Breathe ...
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BEWARE THE ECONOMIC INCOME DISASTER RELIEF LOAN! (EIDL)
- April 22nd, 2022
- Business Law, Corporate
Are you looking to buy a business? Has the Seller told you the company has no liabilities? Then when you ask about the SBA loans, does the Seller tell you the PPP loan was forgiven? If the answer is yes, then ask one more question. Did the Seller take out an Economic Income Disaster Relief Loan? These loans varied ...
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WHAT DO I NEED TO START A SMALL BUSINESS?
- February 17th, 2022
- Business Law, Corporate
By Brian R. Miller, Esq. Lots of people dream of starting their own business, but few know where to start. The Miller Law Firm, P.A. has advised small businesses and even single-person entities for years. Here are the basics. 1. ...
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WHAT DO WE DO ABOUT THE SBA EIDL LOAN WHEN SELLING OUR BUSINESS?
- November 18th, 2021
- Business Law, Corporate, News
According to the SBA, any business that took out an Economic Injury Disaster Relief loan (“EIDL Loan”) in excess of $25,000.00 and wishes to sell or transfer ownership of the business through a merger, stock sale, or asset sale will require SBA approval. During the initial phase of funding for EIDL loans over $25,000.00 the SBA required a security interest in the assets of the business, but no personal guarantee....
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PANDEMIC SOLUTIONS FOR SMALL BUSINESSES By Brian R. Miller
- April 20th, 2021
- Corporate, News, Office Information
Many of us who own and run small businesses over the past year, whether professional services businesses, restaurants, shops, theaters, or any business relying on interactions with the general-public, have spent hours awake at night terrified about what comes next with COVID. While larger companies have easily transitioned to online platforms, part of the charm of small businesses is the ability and willingness t...
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CLU (Coronavirus Legal Update for March 27, 2020: How the CARES Act Can Help Small Businesses)
On March 27, Congress passed the Coronavirus Aid, Relief, and Economic Security Act (also known as the “CARES Act”). The purpose of the Act, as stated, is to “[p]rovid[e] emergency assistance and health care response for individuals, families and businesses affected by the 2020 coronavirus pandemic.” This monumental, $2-billion-dollar stimulus package, is the largest disaster relief package in U.S. history and ...
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CLOSING DURING COVID
- March 8th, 2021
- Business Law, Corporate
2021 was the year some small business owners simply gave up. When the government changes the rules seemingly every week it can be difficult to keep up. Owners who were thinking about selling before the pandemic may have decided to hasten their departure and ride off into the sunset leaving COVID regulations worries far behind. But what do business owners selling during COVID have to consider in relation...
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