"Serious Problems" at SBA

Article Abstract:

Michael Cardenas, the new administrator of the United States Small Business Administration (SBA), comes to the job armed with his own small business experience and with the commitment to work hard and try to change many of the problems he sees plaguing the SBA. Some of the problems he sees facing the agency include the image of catering to minority groups while excluding others, a budget cut due to President Reagan's controls of government spending, and unprofessional attitudes among those who work for the SBA. Cardanas plans to use his time, skills and authority to try and help the SBA provide quality assistance to the entire realm of small businesses throughout the country.

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Initial stock issues set record pace

Article Abstract:

The dull 1991-92 business environment has hampered attempts by small businesses to secure financing. Contrary to that trend, initial public offerings of stock from small companies reached a five-year high in 1991, suggesting investors are willing to risk capital on new firms.

Statistics, Going public (Securities), Initial public offerings

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Structuring for limited liability

Article Abstract:

Eight states currently allow small businesses to operate as a limited-liability company. These laws shield a business owner from being held personally liable for the company's debt. Facing unlimited liability is a major deterrent to many who want to start a small business.

Laws, regulations and rules, Private companies, Limited liability companies, Limited liability

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