Cross Stone Law

SBA COVID loans (EIDL) are in repayment status. If you have closed your business and can't pay your loan, you are not alone. 37% of EIDL loans are in default. First, figure out if you are personally liable on the loan. In most cases, the SBA waived personal liability on loans to businesses $200k or less. If you are personally liable, you may need to consider bankruptcy. For more information, contact Cross Stone Law or read our latest blog post on SBA Economic Injury Disaster Loans (EIDL). https://crossstone.com/bankruptcy/bankruptcy-options-for-small-business/sba-economic-injury-disaster-loans-eidl/

New BOI Reporting Requirements - great article on new required business reports

Deadline Alert: Time’s Running Out for BOI Reporting! — Understanding the Tax Game The clock is ticking for businesses required to submit their Business Ownership Information (BOI) reports to the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN). Missing this filing deadline could result in significant penalties, so let’s break down what you need ...