SoMoLend CEO Resigns, Taxes and the Small Business Majority, World's Smallest Drone: August 15

SoMoLend CEO Resigns, Taxes and the Small Business Majority, World's Smallest Drone: August 15
A daily roundup of the most compelling stories about small business and entrepreneurship (Illustration by Andr?? da Loba)
Illustration by André da Loba

SoMoLend Chief Executive Officer Candace Klein resigned after Ohio regulators took steps toward shuttering her peer-to-peer lender, reports Andy Brownfield. [Cincinnati Business Courier]

Cartoonist Jen Sorensen has a go at a Missouri law preventing state officials from giving advice on federal health exchanges. [Kaiser Health News]

Despite what tech companies may tell you, it often makes greater financial sense for small business owners to buy servers than rent server space in the cloud, writes Gene Marks. [Forbes]

Richard Pollock writes that Small Business Majority CEO John Arensmeyer has a history of not paying his taxes. [Washington Examiner]

A Norwegian company is making the world’s smallest drone, which weighs the same amount as three sheets of paper and sells for $70,000 (video). [Bloomberg Television]

See something we missed? Share the most compelling stories about small business and entrepreneurship by tagging them with #SmallBizReads on Twitter.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE