Blog

Start-up processes for small business owners

There is nothing more satisfying or more difficult than owning your own business. Starting and operating a small business is exciting, interesting and, arguably, a complete gamble. To increase your chances of success, be brave, work hard, and develop a relationship with a good lawyer.

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Four Steps to Forming a Nonprofit

You've got a cause you care about — now you just need the legal status that will help your organization raise money and work for that cause. Here are four steps to help you understand the process, but as always, call Wick Law for more details.

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Using Your Business for Good

Right now, developing new ideas to supplement core products and services is one way businesses are continuing to operate and stay relevant. Post COVID-19, your small business may need to pivot and re-configure the day-to-day.

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10 Items Your Service Agreement Must Address

In the aftermath of COVID-19, many small businesses are making necessary pivots to their business model in order to stay afloat.

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Understanding your Operating Agreement

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.

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Four key takeaways to help employers and employees during the COVID-19 emergency

. UNEMPLOYMENTPandemic Unemployment Assistance Program — The CARES Act, through the temporary Pandemic Unemployment Assistance program gives access to individuals not traditionally eligible, including self-employed, independent contractors and “gig workers” and those with limited work history, who are unable to work as a direct result of the coronavirus.

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Coronavirus emergency loans: what your small business needs to know

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.

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The Families First Coronavirus Response Act and your small business

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.

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