Salisbury University Course on Shared Entrepreneurship

On September 26, Salisbury University (Maryland) will offer a half-day course on shared entrepreneurship, cultures of innovation, and hands-on examples from the recently published book Shared Entrepr

SARs or Options in Closely Held Companies?

If you have a closely held company, which is better, stock appreciation rights (SARs) or stock options? Options are still the most popular choice, but consider some downsides: when someone exercises an option, they have to pay after-tax cash for the shares.

SBA Issues PPP Enforcement Guidance

The Small Business Administration (SBA) is maintaining a FAQ document on the PPP program that will be regularly updated. The SBA states, "Borrowers and lenders may rely on the guidance provided in this document as SBA’s interpretation of the CARES Act and of the . . . PPP Interim Final Rules."