HOW MANY BUSINESSES WILL RECEIVE CREDITS FOR LEGALZOOM SERVICES EACH YEAR?Ģ,000 businesses will be awarded $500 in LegalZoom services each year, split into two rounds. HOW MANY GRANTS WILL BE AWARDED EACH YEAR?ġ00 grants of $10,000 each will be awarded in two rounds: 50 in January 2022 and 50 to coincide with the WNBA season later in 2022. Not be in an industry that has been identified as a prohibited industry for this program.Have an annual revenue of less than $1 million.
#Legal zoom license
If in business for between 6 and 12 months, have a business license or sole proprietorship formation document.Have been in business for at least 6 months (since April 2021).WHAT ARE THE CRITERIA FOR ELIGIBLE SMALL BUSINESSES? LegalZoom, the NBA, WNBA, and G League are the program partners, and Accion Opportunity Fund is the grant fund administrator. WHAT ARE THE ROLES OF THE ORGANIZATIONS INVOLVED IN THIS PROGRAM? The grant program is focused on reaching entrepreneurs of color, women, LGBTQ+ people, low- to moderate-income small business owners, immigrants, and others who have historically had limited access to financing for their business. The first round of grants will be disbursed in January 2022, and the second round later in the spring to coincide with the start of the WNBA season. The multi-year program is a $6 million commitment, which awards $10,000 grants and LegalZoom services to 100 small businesses in its first year. Frequently Asked Questions WHAT IS FAST BREAK FOR SMALL BUSINESS?įast Break for Small Business is a program from LegalZoom, the NBA, WNBA, and NBA G League to assist small businesses all over the country through grants and credits for LegalZoom services. Please click here to sign-up to receive updates on future rounds of the program, which will be launching in Spring 2022. All applicants will be notified about the status of their grant application in January 2022.
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STAY UPDATED ON FAST BREAK FOR SMALL BUSINESSĪpplications for the fall/winter round of Fast Break for Small Business are now closed.
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