Can I Reinstate an Old Limited Liability Company (LLC)?

We recently got a question from a client at the SBDC about an older Limited Liability Company (LLC) that was created but never really launched. The person had filed the registration paperwork and officially formed the LLC but had then let the registration lapse after...

Using CARES Act Funding to Purchase a Business

Some of our Loudoun SBDC clients have asked if they can use CARES Act funding to purchase or grow their business. When we look at the Paycheck Protection Plan program the answer is “no”. That money can only be used for a limited number of expenses for...

VA Phase One Guidelines for Businesses

The Governor’s office released guidelines for businesses to follow during Phase One of reopening. These guidelines include best practices and requirements for all business sectors as well as for specific industries. You can read information about the Phase One...

How Do I Prepare for PPP Loan Forgiveness?

Webinar replay from Loudoun County Chamber of Commerce, May 5th 2020: Preparing for PPP Loan Forgiveness and Beyond with Deleon & Stang You secured an SBA Paycheck Protection Program Loan. Take a minute to breathe; you earned it. Now, are you prepared for loan...
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