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Mark Henricks

Mortgage, Retirement and Investing Expert

Mark Henricks has reported on personal finance, investing, retirement, entrepreneurship and other topics for more than 30 years. His freelance byline has appeared on CNBC.com and in The Wall Street Journal, The New York Times, The Washington Post, Kiplinger’s Personal Finance and other leading publications. Mark has written books including, “Not Just A Living: The Complete Guide to Creating a Business That Gives You A Life.” His favorite reporting is the kind that helps ordinary people increase their personal wealth and life satisfaction. A graduate of the University of Texas journalism program, he lives in Austin, Texas. In his spare time he enjoys reading, volunteering, performing in an acoustic music duo, whitewater kayaking, wilderness backpacking and competing in triathlons.

Posts by Mark Henricks:

by Mark Henricks May 26, 2020

One of the federal government’s main economic responses to the coronavirus pandemic is the $2.2 trillion CARES Act, which provides assistance for both small businesses and larger ones. For businesses with fewer than 500 employees the act offers forgivable loans, administered by the Small Business Administration (SBA), like the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan Assistance Program. For companies with 500 or more employees, which are too big to receive SBA assistance, the act provides non-forgivable loans. The money is designated for use in four ways: loans for airlines and national security assets; Federal Reserve loans; loans for mid-sized businesses; and the Main Street Lending Program. Here is a brief description of these initiatives. Read more

by Mark Henricks May 21, 2020

If your small business is struggling to pay its debts and your creditors are threatening to take your assets, bankruptcy is an option. Although bankruptcy sounds like the end, it actually can be a way for a business in dire straits to find a new beginning. With the right understanding of bankruptcy, a small business owner can repair a troubled balance sheet and keep his or her business going. Here’s how to declare, what the process looks like and how your company can survive it. Read more

by Mark Henricks Jul 10, 2020

The stated goal of the Paycheck Protection Program (PPP) is to help small businesses keep employees on their payrolls. The program’s relatively simple loan application and relaxed requirements are meant to enable small businesses to get quick access to liquidity so they don’t have to resort to layoffs or furloughs during mandated closures and social distancing orders. If borrowers use the money as the federal government intends, the loans are forgiven. With the recent passage of the Paycheck Protection Program Flexibility Act (PPPFA), though, the government changed many of the rules, largely to be more flexible. Read on to know the rules to ensure that you receive full debt forgiveness. Read more

by Mark Henricks May 07, 2020

When two or more people join forces to create a for-profit business, the result is a general partnership. A general partnership is an unincorporated business run by two or more people who are known… Read more

by Mark Henricks May 07, 2020

A master of business administration (MBA) degree is designed for those who want to hold leadership or management positions in corporate or public sectors. It’s the world’s most popular professional… Read more

by Mark Henricks Apr 30, 2020

If you applied for a Paycheck Protection Program (PPP) loan in the first round but didn’t get one, do you need to put in a second application now that more money has been added to the program? Or… Read more

by Mark Henricks Apr 22, 2020

Exporting is important for many small businesses, but the COVID-19 pandemic has made it unusually challenging to reach international markets. The Small Business Administration (SBA) offers several… Read more

by Mark Henricks Aug 20, 2020

Update: The Small Business Administration has stopped accepting applications for Paycheck Protection Program loans again. This time it’s because the August 8 deadline has passed. The program still… Read more

by Mark Henricks Sep 30, 2022

Ordinarily, only salaried employees who lose their jobs through no fault of their own are eligible to collect unemployment insurance. But the $2 trillion Coronavirus Aid, Relief, and Economic… Read more

by Mark Henricks Apr 16, 2020

Coronavirus has hit small businesses hard. While the government has responded with a number of small-business-focused relief initiatives, small business owners can also access existing programs to… Read more

by Mark Henricks May 29, 2020

The federal government has launched a wide-ranging set of initiatives to help individuals and businesses dealing with the coronavirus pandemic. A number of these initiatives, found in the $2 trillion… Read more

by Mark Henricks Sep 14, 2022

Paycheck Protection Program (PPP) loans were the main small-business provision of the CARES Act, intended to prop up small businesses with forgivable loans. These loans were discontinued in May of… Read more

by Mark Henricks Sep 30, 2022

When a natural disaster or man-made crisis strikes, businesses often must suspend operations or operate at reduced capacity for a time. Business interruption insurance can protect business owners… Read more

by Mark Henricks Mar 30, 2020

Arizona is perhaps best known for its hot climate and natural beauty, but it’s developing a high profile for business as well. The state’s population is growing, as is its economy. On the downside,… Read more

by Mark Henricks Mar 30, 2020

Colorado’s population is growing, its workforce is younger than the national average, and it ranks among the top states for higher education attainment. The Centennial State is also a popular… Read more

by Mark Henricks Mar 30, 2020

Thinking of starting a business in Wisconsin? The Badger State has a highly rated education system but a relatively heavy burden of regulation compared to other states. The combination makes it an… Read more

by Mark Henricks Mar 30, 2020

A decade ago Ohio ranked below average on many lists of state business climates. In recent years, however, the Buckeye State’s has risen considerably in such rankings. Still, Ohio has its share of… Read more

by Mark Henricks Mar 30, 2020

Thinking of starting a business in Michigan? Thanks to its fabled automotive industry, technology and innovation are some of its strong points. The Wolverine State also has one of the lowest costs of… Read more

by Mark Henricks Mar 30, 2020

Texas is often at or near the top of states for business climate. The Lone Star State has both the second-largest population and economy after California, and it offers low business costs, no state… Read more

by Mark Henricks Mar 30, 2020

Florida enjoys a business-friendly regulatory environment and its population is growing -thanks, in part, to warm weather and lack of income tax. This can translate into rising demand for goods and… Read more

by Mark Henricks Mar 30, 2020

As the nation’s most populous state, with a $3 trillion economy, California is an appealing place to start a business. But while the massive economy presents plenty of opportunities for business… Read more

by Mark Henricks Feb 25, 2020

An investment company is a company that invests pooled assets in securities. Some of the biggest financial services companies are investment companies. Major players them include Vanguard, Fidelity… Read more

by Mark Henricks Feb 25, 2020

When you get 80% of your results from 20% of your customers, that’s the 80 20 Rule in effect. The 80/20 rule helps businesses find areas that have the most impact. This allows those business to focus… Read more

by Mark Henricks Feb 14, 2020

If you’re a business owner and you fail to pay taxes, the government could slap your business with a tax lien. That’s a document filed by the Internal Revenue Service placing a legal claim against… Read more

by Mark Henricks Feb 14, 2020

Picking tax preparation software for your small business is still easier than picking your tax deductions. But there are a growing number of options. And it can be hard to figure out which is best.… Read more