D.C. will prospectively ban non-compete agreements beginning March 19, 2021. The new law will protect D.C. employees’ right to freely change jobs but may cause strain to businesses employing DC workers who seek to prevent their highly paid executives from working for a competing company.
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Small Business Administration (“SBA”) loans to the rescue. The CARES Act significantly expands eligible businesses to include venture-backed startups, sole proprietors, independent contractors, nonprofits, the self-employed, franchises, and more.
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The FFCRA affects all employers with fewer than 500 employees. The bill calls for qualifying employers to provide up to 12 weeks of FMLA leave for employees who have a qualifying need related to a public health emergency and who have been on the payroll for at least 30 calendar days.
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Corporations* are a different matter altogether because in addition to its Annual Report ($50.00 paid by March 1), it must file franchise taxes. The amount of franchise taxes a corporation pays varies depending on several factors.
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Splitting the pie is not an exact science, but years of experience and data show us some patterns that have emerged among successful startups. And just as with any successful process, others follow suit and emulate them. Here, we will discuss ranges of equity allocated to founders, investors, employees, board members, consultants, and advisors.
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If you have a registered business in DC, biennial reports are due April 1st. First reports are due April 1st of the very next year from the year of registration. Subsequent reports are due April 1st every two years thereafter.
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To the public, the lines can sometimes blur between a lifestyle business, a small business, and a startup. But not for an investor. Investors will run as far away as they can from a lifestyle business and a small business (and if we’re being honest, from most startups as well).
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Fathom Design Company is taking over New York! Its proprietor, Kelly Dunn, creates thoughtful spaces designed to evoke emotions like intrigue, comfort and ease, and confidence. Have you ever considered what emotions a curved receptionist desk could evoke versus an angled receptionist desk?
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An EIN or FEIN is used interchangeably and sometimes also called an employer ID. EIN stands for “Employer Identification Number,” and FEIN stands for “Federal Employer Identification Number.” Throughout this article, I will refer to this number as an EIN.
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If you have any questions about the legal documents you receive, you should feel comfortable contacting your attorney to ask them your most basic questions. Most attorneys understand that not everyone is knowledgeable about the law. Ask your lawyer to explain everything to you.
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So how do small businesses and up-and-coming brands navigate the rapidly changing landscape on a limited budget? Here are five surefire PR tools and strategies every small business will need in 2019.
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BCENE PR is on the cutting edge of everything cool that is happening in the digital media space. This is a company that you will definitely want to know and get to know.
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If you have any risk of getting a lawsuit or an audit, which all businesses do, you should work with an attorney from the onset and not when things have already gone awry.
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A trade name is any name used by a business that is different from the registered name on file with the state. If you are a sole proprietor or a general partnership that has not registered with the state, then the trade name would be a business name you are using that does not include the legal names of the sole proprietor or partners.
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You don’t want to be in a position where you created a mess and must now clean it up. Work with your lawyer to form and run your business properly. Get regular business audits too.
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Independent contractors are rightfully concerned about taxes taking a large chunk of their earnings. If you are an independent contractor, you are taxed at a higher rate than an employee.
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Even without registering your trademark, you are the owner of your name and logo in your geographic area if you are the first to use it in commerce.
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Starting a corporation may come with upfront costs, but if you are seeking a business entity that can draw from larger resources and investors, a corporation may be the best entity for your business.
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The distinction between employees and independent contractors is not always clear. The consequences of classifying a worker as an independent contractor can result in either a huge tax-saving boon or devastating economic losses for the employer.
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