It is estimated that more than 90% of all U.S. businesses are some form of closely held corporation, limited liability company (LLC) or partnership. While equity in a corporation is held by shareholders who have rights to elect the directors who will in turn determine strategy and hire and supervise the management to implement that …Read More
The Ohio State Small Business Credit Initiative gives small businesses and manufacturers new opportunities for growth. Here are the details. Certain eligible small businesses and manufacturers in Ohio that are creditworthy, but are not able to access capital they need to expand and create jobs, may be surprised to learn that there are new borrowing …Read More
In April, the “Jumpstart Our Business Startups Act” (the “JOBS Act”) was signed into law by President Obama. The JOBS Act: Removes the prohibition on general solicitation in connection with transactions effected pursuant to Rule 506 or Rule 144A under the Securities Act of 1933, provided that sales are limited to qualifying investors Alters the …Read More