Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration, today is announcing the latest application data results for the $28.6 billion Restaurant Revitalization Fund (RRF), passed as part of the American Rescue Plan. The RRF has received more than 147,000 applications from women, veterans, and socially and economically disadvantaged business owners, requesting a total of…

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What’s the buzz with corporate minutes? If you have incorporated as a corporation, you may already be familiar with minutes and minute taking. Minutes record everything that takes place during a meeting. Afterwards, individuals in attendance (and those unable to make the meeting) may refer back to minutes as a meeting refresher. As the year…

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Underinsuring your business can be devastating in the event of a loss, yet overinsuring your business can waste money with each payment of a premium. Risk management is the discipline that allows us to plan for an appropriate amount of coverage in each aspect of our business lives. This article outlines 6 steps to help…

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Insuring_Your_Business_Property

A small business is almost always better served with an “all-risks” policy than with a “named peril” policy. The named peril policy will cover risks that are specifically enumerated in the policy, whereas the all-risks policy will cover risks that are not excluded. With the all-risks policy, business owners don’t have to manage duplication of…

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Are you wondering what you and your business should be doing during these unprecedented times? The coronavirus epidemic has impacted millions of small businesses, and the situation is changing rapidly, with new information, employer guidelines, and legislation. To help you navigate the uncertainty, we’ve created a COVID-19 Small Business Resource Center, which contains articles on…

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WASHINGTON – Following President Trump’s signing of the historic Coronavirus Aid, Relief, and Economic Security (CARES) Act, SBA Administrator Jovita Carranza and Treasury Secretary Steven T. Mnuchin today announced that the SBA and Treasury Department have initiated a robust mobilization effort of banks and other lending institutions to provide small businesses with the capital they need. The CARES Act establishes…

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Q: As a small business owner, what do I need to know right now regarding COVID-19 and financial relief for small businesses? Small business owners should be aware of the Federal government’s pending Coronavirus Aid, Relief and Economic Security (CARES) Act, the SBA Economic Injury Disaster Loan program, and the Families First Coronavirus Response Act…

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Are you wondering how the COVID-19 epidemic could impact your business operations, and what you can do to protect your business and your employees? Your employees likely have questions, as well, so it’s important to think ahead about how to manage the situation. We have 12 tips to help you navigate this crisis, including keeping…

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Question: How do I know if and what type of liability insurance I need for my business? Essentially, every business needs some amount of property, liability, and vehicle insurance depending upon the business activities and other factors. Business insurance is generally based on the business activities and risks and not whether, for example, it is…

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Q: If we do not collect customer data on our website, do we need to have a privacy policy? We have provided legal reference information and general business comments below for your consideration; however, since your GSB general business consultants are not lawyers and do not provide legal services, you should plan to consult your…

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