Accion Opportunity Fund, LegalZoom, the NBA, WNBA, and NBA G-League have joined forces to provide entrepreneurs across the country with grants and LegalZoom services to support their small businesses.

Administered by nonprofit Accion Opportunity Fund, the program aims to assist business owners with the tools and resources they need to start and grow their businesses – the perfect play.

HOW IT WORKS

LegalZoom, the NBA, WNBA, and NBA G League are committed to encouraging entrepreneurship by supporting and investing in small business owners. Here’s how it works:

• 150 small businesses will receive $10,000 grants and a LegalZoom product of their choosing, valued up to $500
• 3,000 emerging entrepreneurs who haven’t yet launched their intended business will receive a LegalZoom product of their choosing, valued at up to $500
• Applications open February 15 and close September 13, 2024

ELIGIBILITY REQUIREMENTS

Eligible existing small businesses applying for a $10,000 grant and a free LegalZoom product or service valued up to $500 must:

• Be based in the United States
• Have been in business for at least 3 months and currently in operation
• Have an annual revenue of less than $1 million
• Have an active business bank account
• Not be in an industry that has been identified as ineligible for this program
• If in business for 12 months or more, must also provide most recent year’s business tax return
• If in business for between 3 and 12 months and doesn’t have recent business tax returns, business must have one of the following
  • Articles of incorporation for LLCs, S Corps, and C Corps
  • Sole proprietorship formation
  • Fictitious name statement or DBA
  • EIN registration
  • City, state, or federal license to do business
  • Relevant professional license

Eligible emerging entrepreneurs applying for a free LegalZoom product or service valued up to $500 must:

• Be based in the United States
• Be an existing business in operation for less than 3 months or provide a summary of the business idea that the applicant intends to make official.
• Not be in an industry that has been identified as ineligible for this program

Fast Break for Small Business is a multiyear $6 million commitment to help thousands of small businesses across the country with small business grants and LegalZoom services. LegalZoom has teamed up with the NBA, WNBA, and NBA G League to support small business owners and Accion Opportunity Fund is proud to serve as the nonprofit administrator of the program.