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...
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