Many business owners choose to form their business as a Limited Liability Company (“LLC”) because of the protections afforded by this business structure. LLC members are able to protect themselves from certain debts and threats (lawsuits) that they would otherwise be exposed to. In other words, an owner/operator will not generally be held personally liable for the acts of the LLC.
The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help businesses keep workers employed during the pandemic and recovery. Most important to small businesses: •$10 billion has been set aside for emergency loans to help small businesses keep workers employed, including some that are forgivable; •$17 billion for loan subsidies through the SBA; •and $350 billion in loan guarantees.
Wick Law wants to provide small business owners with the latest COVID-19 related policies that could impact your business. See below for recent policy updates impacting your taxes, unemployment and workers’ compensation.
The Families First Coronavirus Response Act was signed into law on March 18, 2020. The Act provides for emergency paid sick pay, emergency expansion of family and medical leave, and tax credits for employers. Wick Law is here to answer all of your questions during the uncertain and unprecedented time.
In 2018, only 3% of venture capital in the U.S. went to companies with a female CEO. All the while, the number of female-owned businesses has risen in the U.S. Funds aren’t being allocated to the best investment opportunities, and some experts blame the pitch process.