This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

3 Things You Should Know About Small Business: March 28

Stocks in this article: NYX

NEW YORK ( MainStreet) - What's happening in small business today?

1. Restrictions are being eased to make it easier to get capital. The House of Representatives on Tuesday passed the final measure needed to get the Jumpstart Our Business Startups Act (JOBS Act) onto President Barack Obama's desk to be signed into law. The JOBS Act makes it easier for companies to attract investors and comply with securities laws by easing Securities and Exchange Commission restrictions on soliciting new investors. It also permits so-called "crowdfunding" to allow entrepreneurs to raise equity from larger pools of smaller investors, according to the Washington Post.

The measure was first passed by the House earlier in March. The Senate passed its version of the bill last week, which included additional safeguards on crowdfunding.

According to Washington Post, private companies would be able to sell up to $50 million in shares as part of an IPO before having to register with the SEC under the new law. However, critics say bypassing critical filings opens the door to fraud and investor abuse.

In a separate measure, the House is expected to vote next month on a bill that would give growing small businesses temporary 20% tax cuts. A Senate proposal introduced this week grants $26 billion in tax credits to smaller companies that either hire new workers or increase the size of their payroll, the article states.

2. There's still time to sign up your growing company to ring the New York Stock Exchange. NYSE Euronext (NYX) has partnered with StartUp America and the Entrepreneurs' Organization to launch the NYSE Big StartUp Competition, a first in a series of initiatives dedicated to entrepreneurism. In order to win the contest, applicants must be members of either of the two organizations (if you're not already, it's easy to sign up). Contestants have until April 15 to tell their story. Two winners will be announced on May 10.

3. Here are two options to help small business owners lower their taxes. Tax time is in full effect and with April 17 quickly approaching, small business owners still looking for ways to lower their 2011 tax bill might want to look at their retirement savings options. If you have a 401(k) plan for your business consider making it a profit-sharing contribution. There is still time to do that and deduct it from your 2011 taxes. If you don't, you can tax-defer up to $5,000 in an IRA, according to Forbes.

-- Written by Laurie Kulikowski in New York.

To contact Laurie Kulikowski, send an email to:

To follow Laurie Kulikowski on Twitter, go to:!/LKulikowski

>To submit a news tip, email:


Follow TheStreet on Twitter and become a fan on Facebook.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,356.87 +288.00 1.69%
S&P 500 2,012.89 +40.15 2.04%
NASDAQ 4,644.3120 +96.4780 2.12%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs