Lawmakers expanded this to potentially add thousands more businesses. Lawmakers appropriated $60 million for “”automatic”” grants of $2,000 each, no application necessary, administered by Department of Revenue. You’ll have more time to evaluate your options and make an informed decision.

Similarly, partnerships do not have liability protection that you find with a formal  Mississippi Small Businesses Near Me structure. A sole proprietorship is an informal business structure that isn’t incorporated or separated from its owner. This means that 100% of the business’s profits go to the owner; however, 100% of the financial liability should the business accrue debt or get sued falls on the owner as well.

Eligible applicants include live music venues, entertainment venues, movie theatres, and others, subject to restrictions. The 100% government-backed loans and fee waivers will be authorized through December 31, 2020. You were in business and employed fewer than 500 people or the SBA size standards in number of employees for your industry on February 15, 2020.

We’ve put together these resources to help businesses impacted by COVID-19. Search for business entities and access content pertinent to businesses in Mississippi. Mississippi State University is an equal opportunity institution. This publication may be copied and distributed without alteration for nonprofit educational purposes provided that credit is given to the Mississippi State University Extension Service.

This tax relief will be provided against quarterly payroll taxes . SBA offers information on small business loans, grants, bonds and other financial assistance. The Hartford shall not be liable for any damages in connection with the use of any information provided on this page. Please consult with your insurance agent/broker or insurance company to determine specific coverage needs as this information is intended to be educational in nature.

Used car dealerships, investment real estate, and non-profits do not qualify. The Mississippi Small Business Development Center is an accredited member of America’s Small Business Development Centers and is funded in part through a cooperative agreement with the U.S. Small Business Administration through The University of Mississippi. All opinions, conclusions or recommendations expressed are those of the author and do not necessarily reflect the views of the SBA or The University of Mississippi. Reasonable accommodations for persons with disabilities and limited English language proficiency will be made if requested at least two weeks in advance. Referral system linking other small business assistance organizations in the SBDC regional locations.

Ask your suppliers or use this list of net-30 vendors to get started. One of the fastest types of financing is merchant cash advances. Here business gets approved for an advance against future revenues, based on past revenues. And even if you don’t have a plan for your small business loan yet, it can be a good idea to have capital on hand for opportunities that arise. Luckily there are many different finance options out there to meet your small business needs. SBA leadership has dedicated additional management capacity and resources to COVID EIDL. As a result, the SBA is excited to announce process improvements yielding more streamlined applicant experiences.

In addition to general advising for new and existing businesses, we also offer expertise in a number of specialty areas such as International Trade, Marketing, and Cybersecurity. Assistance to minorities, women, veterans, the handicapped, exporters, inventors, research and innovation and international trade.

To learn more about our cartoon syndication services, click here. Editorial cartoons and photo essays are not included under the Creative Commons license and therefore do not have the “”Republish This Story”” button option. Overall, Rosson said as she recounted hours on the telephone, getting “”kicked out of the system”” and the months it took to get a Back to Business grant, she gives the program fairly low marks. “”We didn’t know how much to allocate for it, and we didn’t want to be caught out there with too little, but we also didn’t want to overcommit,”” Harkins said. “”I had assumed that money would be sucked up like a vacuum cleaner,”” Read said.

Creating a Mississippi business of your own can be challenging. You will need adequate funding, time, personal support, and professional support in order to move forward successfully with your entrepreneurial dreams. Of the initial list, the Department of Revenue reported about 25% of businesses had not paid state taxes in a timely manner, a prerequisite for the program. Of the grants approved, a majority — 15,563 — were for the “”base amount”” of $3,500 (the base was initially $1,500, but lawmakers increased it). Some chalk this up to the red tape and delays involved in claiming more in pandemic expenses or “”employee-based”” calculations.

Using our website building guides, the process will be simple and painless and shouldn’t take you any longer than 2-3 hours to complete. Last but not least, try ourFree Logo Generator to get a unique logo for your business in Mississippi. Our logo maker is free (no sign-ups or email address needed) and it comes in all social media sizes. Or, if you want to explore your options, you can also use this free logo maker by Tailor Brands. Separates your personal assets from your company’s assets, which is necessary for personal asset protection.

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