Business Advisory | Albin, Randall and Bennett

SBA’s HUBZone Program: 2020 Program Improvements, Updated Residency Requirements, and Contracting Changes

The SBA modified the Historically Underutilized Business Zone (HUBZone) Program at the end of 2019 to address long-standing uncertainties for small business investors and government agencies utilizing HUBZone companies. The program was established in 1997 and launched in 1999 to provide contracting opportunities, such as set-asides, sole-source awards, and price evaluation preferences, to small businesses

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Business Planning Solutions: Maintaining Adequate Cash Flow for Closely-Held Businesses

The effects of the COVID-19 crisis brought an end to the longest run of economic expansion in US history, leaving many businesses searching for creative ways to maintain payroll and operations. A lot can be said for the assistance provided to businesses through recent legislation; however, the programs and provisions made available through legislation like

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USMCA Replaces NAFTA: Provisions Benefit Small Businesses, the Automotive Sector & Manufacturing Companies

For merchandise entered into commerce after July 1st, the North American Free Trade Agreement (NAFTA) rules no longer apply. After almost 27 years of trading under NAFTA, the U.S. Customs and Border Protection (CBP) has implemented the United States-Mexico-Canada Agreement (USMCA). The new trade legislation has largely had bipartisan support, with all in favor of

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Recognizing the Value in Your Management Team

Attracting and retaining motivated and dedicated key employees should be crucial to any business plan, but it is all too easy to mistake for a “back-burner” issue in the midst of succession and exit planning. You’re worried about financial security, timing, the future of your company… is it really a time to have recruiting and

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