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

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]

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