Posts Tagged ‘Business Growth’
5 Steps to Setting Up a US Company for Non-US Resident
Summary of Keypoints Why form a U.S. company: Establishing a business in the United States offers advantages for non-U.S. residents, including lower relative taxes, easier access to the U.S. market, strong legal protections, and the global credibility associated with U.S.-based companies. Step 1 – Choose a business structure: Foreign nationals can form a Corporation (C-Corp)…
Read MoreSBA Issues New Interim Rule – Temporary Changes Impacting Self-Employed and Partnership Access to PPP Loans
Summary of Keypoints New SBA interim rule: The SBA issued temporary changes clarifying PPP loan eligibility and calculation methods for self-employed individuals, sole proprietors filing Schedule C, and partnerships. Self-employed with no employees: PPP loan amounts are based on 2019 Schedule C net profit (line 31), capped at $100,000, averaged monthly, multiplied by 2.5, with…
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