Tag: Small Business

• Business Litigation

  COVID-19 Resources for Small Businesses – Family First Coronavirus Response Act

  • March 20, 2020
  • By Allen & Gooch

  What does your Business Need to Know about the Family First Coronavirus Response Act? Family First Coronavirus Response Act (H.R. 6201) passed late yesterday related to paid leave policies for employers.  The law will take effect on April 2, 2020 and remain effective until December 31, 2020.  There are certain key employment provisions that employers […]

• Business Litigation

  White Collar Exemptions – Rule Changes to Wage Requirements

  • March 23, 2016
  • By Allen & Gooch

  July 2016 Timeline for Final Rule on White Collar Exemptions As many employers are aware, the Department of Labor (DOL) has proposed a rule change to the white collar exemptions for minimum wage and overtime requirements. The proposed rule updated the minimum compensation and salary levels to qualify for the white collar exemption from the […]

• Business Transactions

  Return of SBA 504 Debt Refinancing Loan Program

  • March 21, 2016
  • By Allen & Gooch

  A Return of SBA 504 Debt Refinancing Loan Program to Aid Development of Small Business SBA 504 Loan Program anticipated to begin mid-2016. Congress recently reinstated the Small Business Administration (SBA) 504 Debt Refinancing Loan Program. The program is expected to begin in three to four months and will allow businesses to refinance or renovate […]

• Estate Planning and Administration

  Estate Planning – Why is it Important to Include your Family Business in Your Estate Plan?

  • February 24, 2016
  • By Allen & Gooch

  1) Is your business your largest asset? The first reason to include your business in your estate planning is that it is likely one of your most valuable assets. The business may be the asset most likely to create potential tax consequences based on its value. Would it be valuable to remove portions of the […]

• Business Litigation

  Personal Liability for LLC Members

  • February 8, 2016
  • By Allen & Gooch

  Personal Liability May Still Exist for LLC Members, Despite the General Shield from Liability. In a previous blog article, “Louisiana Supreme Court holds that an individually licensed contractor is not a “professional” within the meaning of an exception to limited liability for LLC members,” I discussed a recent case which held that a contractor could […]

• Business Litigation

  Five Signs Your Business is Ready for the Next Generation

  • January 25, 2016
  • By Allen & Gooch

  Family businesses make up 80% of all U.S. businesses, and yet only 30% of these businesses successfully survive a transition to the next generation. Dwight Drake, Closely Held Enterprises 335 (2013). One key question that many family businesses face is whether the company will survive the transition to the next generation. Here are five signs […]

• Emerging Companies and Start-ups

  Fundera, New Site Helps Entrepreneurs Find Alternative Lending Options

  • April 10, 2014
  • By Allen & Gooch
  

  Group Me Founders, Jared Hecht and Steve Martocci, have launched a new alternative lending platform for small businesses called Fundera. The Challenge of Financing a Small Business It’s a problem that all start-ups, entrepreneurs, and small businesses face – capital.  Whether you have a great idea and you are trying to build the proof of […]

• Employment Law & Litigation

  Business Preparation For Affordable Care Act Effective In 2014

  • March 4, 2013
  • By Allen & Gooch
  

  Beginning in 2014, the Affordable Care Act provides new incentives to small businesses through tax credits and options to purchase health coverage for their employees, but larger businesses face greater regulations that subject them to an Employer Shared Responsibility payment if proper health insurance coverage is not paid to 95% of its employees. The Act […]