Small PPP Loan Borrowers Get Big Break
According to a recent release from the Small Business Administration, borrowers can apply for forgiveness of their PPP loan using new SBA Form 3508S if the total PPP loan amount they received from their lender was $50,000 or less. “SBA Form 3508S requires fewer calculations and less documentation for eligible borrowers. Borrowers that use SBA Form 3508S are exempt from reductions in loan forgiveness amounts based on reductions […]
Choosing a Business Structure: C Corps, LLCs, PCs and S Corps
How to structure your business is one of the first, and most important, considerations a business must make. Following are details about four corporate structures available to businesses. C Corporations C corporations are considered to be the business structure of choice for many businesses, particularly for those selling goods. Unlike sole proprietorships, C corps shield […]
