News & Analysis as of

Small Business

Hogan Lovells

FDA updates medical device user fee guidance for small businesses, tightening some rules for reductions and waivers

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On July 31, 2025, the U.S. Food and Drug Administration (FDA) issued its final guidance document “Medical Device User Fee Small Business Qualification and Determination,” which supersedes its previous guidance document dated...more

PilieroMazza PLLC

Joint Venture Eligibility Refresher on Requirements for Government Contractors

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Knowing and understanding the specific requirements around joint venture eligibility can make or break your ability to compete and be eligible for certain government contracts. PilieroMazza’s Meghan Leemon examines key...more

Steptoe & Johnson PLLC

Appeals Courts Say Fraud Debts Can Survive Small Business Bankruptcies

Congress provided a streamlined mechanism for small businesses to reorganize when it enacted the Small Business Reorganization Act of 2019 and added Subchapter V to Chapter 11 of the Bankruptcy Code. Subchapter V gives small...more

Akin Gump Strauss Hauer & Feld LLP

Guaranteeing Fair Banking For All Americans (Trump EO Tracker)

This executive order directs federal banking regulators and the Small Business Administration (SBA) to eliminate guidance, practices, and regulatory frameworks that enable politicized or unlawful debanking, particularly...more

Greenbaum, Rowe, Smith & Davis LLP

One Big Beautiful Bill Act: An Overview of Impacts on the Tax Code for Business Owners

The One Big Beautiful Bill Act (OBBBA) was signed into law on July 4, 2025. The legislation permanently extends some of the changes to the tax code first introduced in 2018 while adding additional provisions designed to...more

Cozen O'Connor

Broad Street Brief: City Supports Small Businesses as Tax Break Ends

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City Offers Support for Small Businesses as Tax Exemption is Phased Out -Philadelphia is supporting small businesses through flexible payment plans, free tax assistance, and access to grants as it phases out a longstanding...more

Fisher Phillips

Colorado Governor Calls Special Session to Revisit Groundbreaking AI Law: 3 Possible Paths We Foresee

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Colorado Governor Jared Polis just called for a special legislative session starting August 21 to revisit the state’s landmark artificial intelligence law, signaling that employers and businesses may gain a reprieve from what...more

PilieroMazza PLLC

DOD Push for Commercial Item and Service Contracting Increases Defense Contracting Opportunities

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PilieroMazza recently highlighted a Department of Defense (DOD) memo requiring DOD Components to adopt the Software Acquisition Pathway (SWP) as the preferred acquisition method for business and weapon system programs. The...more

Nelson Mullins Riley & Scarborough LLP

QSBS Gets a Makeover: Key Changes Under the OBBBA

The One Big Beautiful Bill Act (OBBBA) made the following changes to qualified small business stock (QSBS): The holding period is now graduated for stock acquired after July 4, 2025....more

Keating Muething & Klekamp PLL

Expanded QSBS Benefits Under One Big Beautiful Bill Act

The One Big Beautiful Bill Act (“OBBBA”) was recently signed into law on July 4, 2025. One of the changes to the tax code in the OBBBA impacts qualified small business stock (“QSBS”) under Section 1202. The changes generally...more

Jackson Walker

Qualified Small Business (1202) Stock: Easier to Qualify and Exit; Bigger Tax Savings

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For new stock issuances only, the OBBBA supercharges and updates the “qualified small business stock” (“QSBS”) exclusion under section 1202 (which has been a powerful tax incentive for certain investors in certain start-ups...more

Orrick, Herrington & Sutcliffe LLP

CFPB brought to court again over its 1071 rule implementation

On July 23, several plaintiffs filed a complaint against the CFPB in the U.S. District Court for the District of Columbia alleging the CFPB and its acting director violated federal law by delaying implementation and...more

Holland & Knight LLP

Conversion of Partnership and LLC Interests into Qualified Small Business Stock

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Given the recent amendments to Internal Revenue Code Section 1202,1 which increase the benefits of holding qualified small business stock (QSBS), many companies currently operating as tax partnerships may want to convert into...more

Jackson Walker

The Return of Bonus Depreciation and Other Big Deductions

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Businesses looking to purchase certain property (e.g., equipment, machinery, vehicles, furniture) to use in their business now have a few extra incentives for doing so. Under recently enacted provisions in the “One Big...more

Arnall Golden Gregory LLP

QSBS Revamped: Important Changes to the Qualified Small Business Stock Exclusion for Founders and Investors

The One Big Beautiful Bill Act (“OBBBA”), signed into law on July 4, 2025, introduced a number of significant amendments to the Internal Revenue Code. Among the OBBBA’s most notable changes are the revisions to Section 1202...more

Adams & Reese

‘An All-Around Good Dude’ – How Jason Van Camp & His Businesses Have Inspired Veterans

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For our Vets to Ventures series this year, we have made it a point to focus on outreach, talking with organization executives to gauge how their military experience has translated to their corporate success. This month, we...more

Potomac Law Group, PLLC

Is Your Business Actually Small? How the SBA Determines Business Size

If you are a business owner who wants to apply for a Small Business Administration (SBA) program or contract (or participate in a program that relies on SBA size determinations, such as the Disadvantaged Business Enterprise...more

Davidoff Hutcher & Citron LLP

Trusts as Asset Protection Tools for Restaurant Owners

For restaurant owners, protecting business and personal assets from lawsuits, creditors, and financial risks is essential. One of the most effective legal strategies is using trusts to shield wealth and ensure long-term...more

Loeb & Loeb LLP

Can Small Business Corporate Debtors Discharge Section 523(a) Debts in a Subchapter V? The Eleventh Circuit Joins the Widening...

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In Benshot, LLC v. 2 Monkey Trading, LLC et al., No. 23-12342, 2025 U.S. App. LEXIS 16936 (11th Cir. July 9, 2025), the U.S. Court of Appeals for the Eleventh Circuit addressed a difficult statutory question under the...more

Cooley LLP

Corp Fin Continues to Make Reg A Offerings Easier to Conduct

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Last month, Corp Fin’s Office of Small Business Policy issued no-action relief to a company from the requirement to file an annual report on Form 1-K under Regulation A – despite the fact that the company didn’t qualify for...more

Pillsbury - Bid Protest Debrief

Addx Protest Fails: Untimely at the Agency, Too Late for GAO

In Addx Corp., B-423633, July 23, 2025, Addx protested the Air Force’s issuance of a task order to KL3 LLC under the OASIS+ small business IDIQ contract. Addx challenged both the evaluation of its proposal and an alleged...more

Stark & Stark

Why Corporate Governance Matters: Protecting Your Business from Risk

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When you hear the term corporate governance, you might assume it’s something reserved for Fortune 500 companies or sprawling multinational corporations. After all, these entities have complex operations, thousands of...more

Schwabe, Williamson & Wyatt PC

New Rule on Subcontracting Compliance from SBA OHA Ruling

On May 2, 2025, in Size Appeal of Bowhead Enterprise, Science, and Technology, LLC, SBA No. SIZ-6352, the Small Business Administration (“SBA”) Office of Hearings and Appeals (“OHA”) ruled that for service and manufacturing...more

PilieroMazza PLLC

Weekly Update for Government Contractors and Commercial Businesses – July 2025 #5

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The Rise of OTAs in Defense Contracting: Opportunities, Risks, and What Contractors Need to Know - As the Defense Department increasingly turns to Other Transaction Authority (OTA) agreements to streamline innovation and...more

Holland & Hart LLP

Nevada Legislature Enhances Notice-and-Comment Requirements Under the Nevada Administrative Procedure Act

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Starting October 1, 2025, Nevada businesses will have expanded opportunities to receive advance notice of proposed regulations that could affect their operations. AB 444 requires state agencies to proactively notify...more

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