Sole proprietorship

Norwegian DPA fines Odin Flissenter for performing a credit check of a sole proprietorship without having a lawful basis for the processing

Retrieved on: 
Monday, October 26, 2020
Articles, Deities, Gods, Business law, Sole proprietorship, Business, Odin

The Norwegian Data Protection Authority has issued Odin Flissenter AS (Tile distributor) an administrative fine of EUR 13 905 (NOK 150 000) for performing a credit check of a sole proprietorship without having a lawful basis for the processing.

Key Points: 
  • The Norwegian Data Protection Authority has issued Odin Flissenter AS (Tile distributor) an administrative fine of EUR 13 905 (NOK 150 000) for performing a credit check of a sole proprietorship without having a lawful basis for the processing.
  • The background of the fine was a person filing a complaint that Odin Flissenter had performed a credit check of a sole proprietorship that did not have a customer relationship or any other connection to the company.
  • Credit information about a sole proprietorship is regarded as personal data, as the owner is directly identified with the enterprise, and this is directly linked to the owners private economy.
  • For further information, please contact the Norwegian DPA: [email protected]

    The press release published here does not constitute official EDPB communication, nor an EDPB endorsement.

Saama Launches Active Safety Analytics for Pharma (ASAP), Co-built With Gilead to Transform Safety Surveillance

Retrieved on: 
Monday, October 26, 2020
Software, Research, Internet, Professional services, Pharmaceutical, Data management, Venture capital, Technology, Science, Biotechnology, FDA, Health, Articles, Philosophy, Branches of philosophy, Food and Drug Administration, Reagan-Udall Foundation, Paradigm shift, ASAP, Software, Research, Internet, Professional services, Pharmaceutical, Data management, Venture capital, Technology, Science, Biotechnology, FDA, Health, Articles, Business law, Sole proprietorship, Credit score, ASAP

Saama Technologies, Inc. (Saama), the #1 AI clinical analytics platform company, announced today the launch of the new Active Safety Analytics for Pharma (ASAP) product.

Key Points: 
  • Saama Technologies, Inc. (Saama), the #1 AI clinical analytics platform company, announced today the launch of the new Active Safety Analytics for Pharma (ASAP) product.
  • Saama and Gilead partnered to develop ASAP, with scientific advice from the Reagan-Udall Foundation for the FDA, and accelerate the life sciences industrys paradigm shift to adopt active safety analytics.
  • ASAP was born of a collaboration between the great scientific minds of Gilead and the great engineering minds of Saama.
  • Active safety surveillance will be the subject of a November 3 Xtalks webinar titled Active Surveillance: A New Paradigm in Patient Safety .

Consult Your Community University Student Volunteers Mobilized Nationally to Help Women- and Minority-Owned Small Businesses Pivot and Survive During the Pandemic

Retrieved on: 
Thursday, October 15, 2020
Articles, Business, Economy, Working time, Entrepreneurship, Small business, Furlough, Telecommuting, Sole proprietorship

Since many businesses faced reductions in their workforce due to furloughs and layoffs, our volunteers gave these entrepreneurs helping hands they no longer had.

Key Points: 
  • Since many businesses faced reductions in their workforce due to furloughs and layoffs, our volunteers gave these entrepreneurs helping hands they no longer had.
  • Their work effectively added 3 full time employees to these businesses.
  • Some of these entrepreneurs were sole proprietors, meaning that CYC contributed to a 300% temporary increase in their capacity.
  • This summer report is a story of how they helped two communities find meaning and purpose during a historic pandemic.

HomeAdvisor Releases New Skilled Trades in America Report Highlighting Significant Job Opportunity in $500B Home Services Industry

Retrieved on: 
Wednesday, October 7, 2020
Occupations, Articles, Economy, Human activities, Artisans, Business law, Sole proprietorship, Tradesman, Professional

Pros agree that there is a massive job opportunity in this field and that bringing more people into it begins with better recruitment of women and BIPOC.

Key Points: 
  • Pros agree that there is a massive job opportunity in this field and that bringing more people into it begins with better recruitment of women and BIPOC.
  • Skilled trades in home services is overwhelmingly composed of small businesses:in some home professions the number of sole proprietorships can be greater than 60% of the total.
  • To read the full Skilled Trades in America report, click here .
  • This report was informed by survey data gathered from 3,766 skilled trades professionals between December 3rd2019 and February 2nd2020.

LoanBeam and Freddie Mac Further Streamline the Process for Lending to Self-Employed Borrowers

Retrieved on: 
Tuesday, October 6, 2020
Mortgage industry of the United States, Articles, Companies, Affordable housing, Freddie Mac, Business, Sole proprietorship, United States housing bubble

DALLAS, Oct. 6, 2020 /PRNewswire/ --LoanBeam announced today that Freddie Mac will further integrate its income solution, including IRS tax transcript data, with Loan Product Advisor (LPASM).

Key Points: 
  • DALLAS, Oct. 6, 2020 /PRNewswire/ --LoanBeam announced today that Freddie Mac will further integrate its income solution, including IRS tax transcript data, with Loan Product Advisor (LPASM).
  • For almost two years, lenders have been leveraging LoanBeam through LPA AIM for self-employed to improve their process flow and achieve income confidence on Sole Proprietorships, S-Corporations and Partnerships.
  • "Lenders are looking for ways to improve income analysis and documentation confidence, and LoanBeam's collaboration with Freddie Mac on income assessment will do exactly that," Donaldson continued.
  • The expansion of Freddie Mac's credit box includes a greater portion of the borrower's income that helps give lenders greater control to reduce risk.

MarketFinance awarded £10m grant to bring choice and competition in supporting more businesses

Retrieved on: 
Wednesday, September 23, 2020
Articles, Business, MarketFinance, Economy, Finance, Sole proprietorship, Funding, Futures contract, Financial market

As part of the commitments in securing the grant funding, MarketFinance will extend their services to sole traders for the first time, reaching over 3.5m business owners.

Key Points: 
  • As part of the commitments in securing the grant funding, MarketFinance will extend their services to sole traders for the first time, reaching over 3.5m business owners.
  • Anil Stocker added: "This is a difficult time for UK businesses who are desperately trying to find the right finance to keep their doors open.
  • Our risk models are much better at understanding and serving these businesses than those of conventional lenders.
  • "We will match this 10m grant with money from our own funds to deliver this future vision.

MarketFinance awarded £10m grant to bring choice and competition in supporting more businesses

Retrieved on: 
Wednesday, September 23, 2020
Articles, Business, MarketFinance, Economy, Finance, Sole proprietorship, Funding, Futures contract, Financial market

As part of the commitments in securing the grant funding, MarketFinance will extend their services to sole traders for the first time, reaching over 3.5m business owners.

Key Points: 
  • As part of the commitments in securing the grant funding, MarketFinance will extend their services to sole traders for the first time, reaching over 3.5m business owners.
  • Anil Stocker added: "This is a difficult time for UK businesses who are desperately trying to find the right finance to keep their doors open.
  • Our risk models are much better at understanding and serving these businesses than those of conventional lenders.
  • "We will match this 10m grant with money from our own funds to deliver this future vision.

1099 Recipients, Sole Proprietors, Independent Contractors Often Unaware They Qualify for PPP According to Asset Enhancement Solutions

Retrieved on: 
Saturday, July 18, 2020
Business law, Taxation in the United States, Articles, Business, Sole proprietorship, Form, Independent contractor, Economy

While 4.9 million companies obtained potentially forgivable loans through PPP, 1099 recipients, sole proprietors, and independent contractors, among those targeted by the plan, often do not know they are eligible.

Key Points: 
  • While 4.9 million companies obtained potentially forgivable loans through PPP, 1099 recipients, sole proprietors, and independent contractors, among those targeted by the plan, often do not know they are eligible.
  • Sole proprietors, 1099 recipients and independent contractors, however, do not need to have employees and have a payroll to qualify.
  • AES, he said, helped more than 500 companies obtain approximately $75 million in PPP Loans , including independent contractors, 1099 recipients and sole proprietors who were initially unaware that they were eligible.
  • Neil Seiden is the president of Asset Enhancement Solutions, assetenhancement.com , a company in Uniondale, N.Y., specializing in advising and assisting in financing.

SBA and Treasury Announce Enhanced Transparency Regarding the Paycheck Protection Program

Retrieved on: 
Friday, June 19, 2020
Income statement, Economy, Articles, Steven Mnuchin, Payroll, Sole proprietorship, Small Business Administration, North American Industry Classification System, Paycheck

WASHINGTON, June 19, 2020 /PRNewswire/ -- The U.S. Small Business Administration and the U.S. Department of the Treasury have agreed with the bipartisan leadersof the U.S. Senate Small Business Committee tomake public additional dataregarding the Paycheck Protection Program (PPP).

Key Points: 
  • WASHINGTON, June 19, 2020 /PRNewswire/ -- The U.S. Small Business Administration and the U.S. Department of the Treasury have agreed with the bipartisan leadersof the U.S. Senate Small Business Committee tomake public additional dataregarding the Paycheck Protection Program (PPP).
  • This agreement will ensure that the interests of both transparency and protections for small businesses are served.
  • "Weare striking the appropriate balance of providing public transparency, while protecting the payroll and personal income information of small businesses, sole proprietors, and independent contractors," said Secretary Steven T. Mnuchin.
  • SBA will disclose the business names,addresses,NAICS codes,zip codes,business type,demographic data,non-profit information, jobs supported,and loan amount ranges as follows:

PagoFX, Santander's International Money Transfer Service, Introduces a Solution for Sole Traders, New Currencies and Extends Its No-fee Programme

Retrieved on: 
Tuesday, June 16, 2020
Business law, Sole proprietorship

Sole traders can register in a matter of minutes to quickly send money abroad while seeingexactly what they pay infees, with real-timeexchange rates.

Key Points: 
  • Sole traders can register in a matter of minutes to quickly send money abroad while seeingexactly what they pay infees, with real-timeexchange rates.
  • The sole trader solution is a vital part of PagoFX's roadmap, to accommodate everyone from freelance creative professionals, to tech developers, to microbusinesses and home crafters.
  • Any UK resident, both individuals and sole traders, can now use PagoFX through a web browser on any device.
  • Until 16 August 2020, PagoFX shall waive international money transfer fees on transactions up to a limit of 3,000 GBP per user.