The new subsection, which took effect in February 2020, creates a more streamlined and less expensive Chapter 11 reorganization path for small business debtors. Under the law as originally passed, to be eligible for Subchapter V, a debtor (whether an entity or an individual) had to be engaged in commercial activity, and its total debts -- secured and unsecured – must be less than $2,725,625. At least half of those debts must have come from business activity.
Not to change the topic here:
Xiaomi confirms it is getting into the EV business
Update 3/29/21 10:51AM ET: This article has been updated to reflect that Huawei and Baidu have not yet announced plans to develop EVs.
For $100, the Nest Hub is already a compelling smart display that's cheaper than the original, with the sleep tracking being an added bonus. But based on my testing, I'm not sure I can count on it to improve my sleeping patterns just yet.
After weeks of rumors, Xiaomi officially confirmed that it is making a foray into the electric vehicle space. The Chinese smartphone and IoT giant will set up a wholly-owned subsidiary to operate a smart EV business, the company said in a filing on Tuesday. Xiaomi will inject an initial 10 billion yuan ($1.52 billion) into the venture with the total investment amount to reach $10 billion over the next ten years.
Small business owners and economic leaders discuss COVID Relief Bill impacts | Great-falls |
Business Owner Helps Start Saturday Morning Marketplace
ST. PETERSBURG, Fla. — A local small business owner is on a mission to help others like her and she's doing it using a familiar concept in her community.
Renee Edwards owns the skin care company, Skin Kandii. She said when COVID-19 took the world by storm, she tried to find new ways to sell her products at places like farmer's markets.
"Through my own personal experiences, I've been denied being in some of the other markets because of some of the criteria or someone else is already selling the exact same thing," she said.
Were you following this:
UPDATE 1-Business-to-business e-commerce boom only just beginning -DHL
March 30 (Reuters) - Courier services company DHL Express forecasts the global market for e-commerce between companies will grow by more than 70% to $20.9 trillion by 2027, it said in a study released on Tuesday.
The company, a subsidiary of Deutsche Post, saw its own revenue jump by almost 12% last year to 19.1 billion euros ($22.41 billion) as more companies and consumers switched to e-commerce because of the pandemic.
One factor driving the growth in business-to business (B2B)transactions is the millennial generation, which was already accustomed to using digital platforms for business-to-customer (B2C) transactions.
Revealing The Value Of Real Time Data Inside Networks For Business - With Wes Durrow, CMO,
Wes Durow serves as the Chief Marketing Officer of Extreme Networks. Previously, Wes has led marketing at Mitel, Sonus Networks (now Ribbon), and Avaya. He began his career in advertising, helping build brands such as American Airlines, Pace Picante Sauce, NationsBank (now Bank of America), The Dial Corporation, and GTE (now Verizon). In 2021, Wes was recognized by OnCon Icon Awards as a Top 10 Marketer. He is also a two-time gold Effie Award winner and a Mobius campaign award winner.
Students Win Cash Awards in Business Pitch Competition – Susquehanna University
Susquehanna’s annual House of Hawks competition brought entrepreneurial students before a panel of judges to pitch their business ideas for $2,250 in cash prizes.
Logan Frank ’22, an accounting major, walked away with the grand prize of $1,000. He pitched L5 Lacrosse, an application that would connect college lacrosse players with youth players for individual training. The revenue generated by the trainers would be split between the trainers, L5 Lacrosse and lacrosse-based nonprofit organizations of the trainer’s choosing, thereby growing lacrosse participation. Frank also won the $250 Audience Choice Award.
Small-business owners brace for possible tax hikes under Biden | Financial Planning
Small-business owners still navigating the tax benefits of the COVID rescue packages are bracing for an emerging challenge: tax hikes once the pandemic ends.
A potential increase in business and individual rates is "the biggest issue that small-business owners face," says LJ Suzuki, the founder of CFOShare, a financial and accounting company for small to mid-sized businesses in Denver.
The planning comes as Biden weighs raising federal rates on businesses and the wealthy to pay for his forthcoming infrastructure bill and programs to combat inequality and climate change. Under his nascent suggestions, the current 21% rate for corporations would rise to 28%. A lucrative 20% tax benefit for passthrough businesses like sole proprietorships, S corporations, partnerships and limited liability companies, the bulwark of American small business, would be scaled back.
Happening on Twitter
Down-to-earth & dynamic, one of the youngest Congress candidates for the Kerala elections, Ms. Aritha Babu extends… https://t.co/0BkzZF54KJ INCMinority (from New Delhi, India) Tue Mar 30 07:16:31 +0000 2021
Congress extended relief measures making it easier and cheaper for small businesses to reorganize debt in chapter 1… https://t.co/AyWOXh1uJ1 WSJ (from New York, NY) Mon Mar 29 23:30:03 +0000 2021
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