Today, the IRS released a free tool that non-filers may use to receive their stimulus payments. More information may be found here. No additional action is needed for taxpayers who filed for 2019 or 2018. Automatic payments are expected next week. For legal advice...
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Business Formation
Paycheck Protection Program: Update
The SBA recently posted an interim final rule on the Paycheck Protection Program, effective immediately. It also posted several new forms: •· Updated borrower application form •· Updated lender application form •· PPP New Lender Application Form (Federally Insured...
To start a business, consider going slowly
When most Minnesota residents get an idea, they want to start working on it right away. In particular, if a person believes that the time has come to start a business, he or she may want to jump into the process as quickly as possible. If a person is of older age, he...
The CARES Act–Paycheck Protection Program
The Paycheck Protection Program is a significant piece of the recently-passed Coronavirus Aid, Relief, and Economic Security Act (the "CARES Act"). It is designed to help nonprofit and for‑profit businesses with less than 500 employees cover payroll and other...
Considering management teams during business formation is wise
Even if Minnesota residents do not plan on starting a partnership, they likely still need help when it comes to business success. Business formation is difficult under most circumstances, and if individuals want to grow and potentially have a greater chance at...
Business formation could start with assessing interests
The idea of being one's own boss is intriguing to many people in Minnesota and across the country. Some people may think that they would make great entrepreneurs, but they may feel stuck as to what type of business they could start that would lead them down a...
Have realistic expectations when starting a business
It is admirable to have dreams that one wants to achieve. However, it is important to remain realistic about those dreams, and Minnesota residents may want to ensure they have the right information before creating upheaval in their lives. For example, many people...
Business formation can benefit from the 4 Ds
Being an entrepreneur is not for everyone. However, if Minnesota residents feel that it is a journey they want to take, it can be helpful to know from the start which characteristics could help them during business formation and when reaching success in the years...
Skills assessment is important when wanting to start a business
Wanting to work for oneself is a desire that many Minnesota residents have. However, they may not feel that they have what it takes to start a business. It is also possible that individuals feel like they would be a great entrepreneur but feel uncertain about the type...
Starting a business may be a goal for the new year
With the new year comes new goals, and because 2020 is just around the corner, many Minnesota residents may be thinking that now is the time to take steps toward achieving some of their life's dreams. For some individuals, those dreams could include starting a...
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