Category Archives: Small Business
New Economic Injury Disaster Loan Advance Means That You Could Get $10,000 in Your Business Bank Account Just Three Days After You Apply
As a small business owner during the COVID-19 pandemic, you are a survivor. You have used your financial and intellectual resources to find ways to reduce expenses and modify your business plan into something that is practical in the current economy. You have a three-month plan, a one-year plan, and maybe even a five-year… Read More »
Good Enough Quick Fixes to Keep Your Business Financially Solvent Until Next Month
The DC area has yet to see the downward trend in new COVID-19 cases that the governments of Maryland and DC need to see before they can lift the stay-at-home orders, but the live updates from the Washington Post make it clear that reopening the DMV region is on everyone’s minds. LaQuandra Nesbitt of… Read More »
You Might Be Eligible for the Paycheck Protection Program, but Be Sure to Read the Fine Print
The news updates about the COVID-19 pandemic focus more and more on reopening, but right now most small business owners in the Washington DC area are waiting anxiously to see what happens next. Deciding when to reopen is a difficult task, indeed, unless you have superhuman ability to predict the future. Almost any course… Read More »
If You Were Lucky Enough to Get a PPP Loan, You Could Be in for an Unpleasant Surprise at Tax Time
The Coronavirus Aid, Recovery, and Economic Security (CARES) Act of 2020 contains many sources of emergency funding for individuals and small businesses to help them survive the economic disruptions caused by the COVID-19 pandemic. As with almost any source of funding for businesses, the money you can access through the CARES Act does not… Read More »
The Future of Small Stores in Big Malls Hangs in the Balance
All small business owners are worried about the future these days, but the ones whose fate is closely tied to that of large corporations have a special set of worries all their own. With retail businesses first closed down to reduce loss of life and health in the COVID-19 pandemic, business owners hoped that… Read More »
Dispute Between Co-Owners of Consignment Shop Ends Up in Civil and Criminal Courts
Even among people who are generally cynical about capitalism, consignment shops are associated with innocence and good intentions. Their frequent customers are elegant grandmothers and frugal fashionistas. Consignment shops are where you go to get designer clothes without the commercialism. In a consignment shop, one would not expect to find the sort of ugliness… Read More »
The Owners of Two Businesses Signed a Partnership Agreement, but Then One of Them Started Treating the Other Like a Tenant
Things get complicated when small businesses get big. One of the most memorable episodes of Reading Rainbow featured the book Little Nino’s Pizzeria, about a family that owns a small neighborhood restaurant. An investor approaches Nino and convinces him to open a bigger restaurant, but while customers enjoy Big Nino’s as much as its… Read More »
Court Sides with DC Waterfront Developer in Dispute with Insurance Company
The waterfront area of Southwest DC is just one of the areas in the district that has recently transformed into a trendy, upscale place for DC residents and visitors to the area to socialize. The project to develop the waterfront required great investments of time and money, as commuters who witnessed the long-standing presence… Read More »
The Best Tax Credits Maryland Businesses Can Claim in 2020
One of your business goals in 2020 should be to claim the tax credits available to you. All of these tax credits have fairly detailed requirements you must meet before the IRS will grant them to you. For example, the tax credits are only available to businesses that file their tax returns electronically, unless… Read More »
Ecology Services v. Clym: Feud Between Radioactive Waste Cleanup Companies Is a Big Mess
The Washington, D.C. metropolitan area arguably has more secrets than anywhere else in the United States. If you ride the Metro to work, chances are that the person next to you has a security clearance that prevents them from going into much detail about their workday. The District of Columbia also has more lawyers… Read More »
