Stephanie Fields

Stephanie’s practice focuses on startups and small businesses, from formation to exit events and everything in between.

Can I raise money or sell my business when I have a PPP loan?

What is a PPP loan and do I have one? A Paycheck Protection Program (PPP) loan is a loan that is backed by the Small Business Association (SBA) to provide economic relief to businesses adversely impacted by COVID-19. If a business owner applied for economic aid under the CARES Act, they probably have a PPP …

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What is an operating agreement and do I need one?

An operating agreement is an internal document that outlines how a limited liability company will be run. Basically, it includes everything the founders want to document about how to run their business.  Operating agreements can include all kinds of provisions, including specifics about when and how distributions are declared, who will serve as the managers, …

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Should I form a corporation or an LLC?

One of the biggest questions we get involves whether an entrepreneur should form a limited liability company (LLC) or a corporation when starting their business. We have previously written about different types of entities and provided an overview of several types of entities, including corporations and LLCs. This post focuses exclusively on the differences between …

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