The Securities and Exchange Commission (SEC) has adopted final rules that will require new disclosures in proxy and information statements regarding the relationship between executive compensation paid by a company and the...more
The mergers and acquisitions market is hot. But with the increasing number of data breach incidences and the ever-growing list of new privacy laws, it is crucial for a buyer to do their homework to identify privacy and...more
Update: President Biden signed the PPP Extension Act of 2021 on March 30, 2021. Eligible applicants for both the First and Second Draw PPP Loans now have until May 31, 2021 to submit their application....more
March 26, 2021 By: Elizabeth L. Lehmann and Jeffrey B. Scheer The PPP Extension Act of 2021 (the PPP Extension Act) passed the Senate yesterday with overwhelming bipartisan support (92-7). The PPP Extension Act now awaits...more
Update: The SBA has announced that it will start accepting applications for the Shuttered Venue Operators Grant (SVOG) on Thursday, April 8, 2021. Additionally, the American Rescue Plan Act of 2021 modified the SVOG program...more
Since President Biden has taken office, eligibility to obtain a First and Second Draw Paycheck Protection Program (PPP) has been expanded. As such, the Small Business Association (SBA) recently updated First and Second Draw...more
On March 11, 2021, President Biden signed into law the American Rescue Plan Act of 2021 (the Rescue Plan) – a $1.9 trillion economic relief package. The Rescue Plan allocated an additional $7.25 billion to the Paycheck...more
Throughout the COVID-19 global health and economic crisis Bond has marshaled its resources in support of employers by assessing the shifting business landscape, identifying potential legal hazards and charting sound...more
2/23/2021
/ Coronavirus/COVID-19 ,
Employer Liability Issues ,
Employment Contract ,
Employment Discrimination ,
Employment Policies ,
Health and Safety ,
Human Resources Professionals ,
Human Rights ,
Infectious Diseases ,
Out-of-State Employees ,
Paycheck Protection Program (PPP) ,
Remote Working ,
Tax Liability ,
Vaccinations ,
Wage and Hour ,
Workplace Safety
The Biden-Harris administration announced on Feb. 22, 2021 several changes to the Paycheck Protection Program (PPP), including a focus on small minority-owned businesses. This first formal statement sets the tone of the new...more
The Small Business Association (SBA) issued guidance on Jan. 27, 2021 regarding the Shuttered Venue Operators Grant (SVOG), a grant program for struggling live, in-person industries, that was established in the recent...more
The U.S. Department of Treasury and the Small Business Association (SBA) announced that it will reopen the Paycheck Protection Program (PPP) loan portal to all participating PPP lenders to submit First and Second Draw loan...more
Update: Starting Monday, Jan. 11, 2021, the SBA will begin to accept First Draw PPP Loan applications only from community financial institutions. Starting Wednesday, Jan. 13, 2021, the SBA will begin to accept Second Draw...more
On Jan. 6, 2021, the Small Business Administration (SBA) issued guidance regarding the stimulus package’s Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act (previously reported here), which continued the...more
Late Sunday night, Congress came to an agreement on a long-awaited second stimulus package. President Trump is expected to sign the highly anticipated $900 billion stimulus package in the coming days. Out of that total...more
The Small Business Association (SBA) has circulated Paycheck Protection Program (PPP) loan necessity questionnaire forms that it intends to require borrowers with PPP loans in excess of $2 million to complete. It is expected...more
As previously discussed, the Paycheck Protection Program (PPP) Flexibility Act established an additional safe harbor to the loan forgiveness reductions and full-time equivalent headcounts for the PPP. A borrower’s reduction...more
On August 24, 2020, the Small Business Association (SBA) issued guidance on the Paycheck Protection Program (PPP) pertaining to employee-owner compensation and nonpayroll costs eligible for loan forgiveness....more
The Syracuse Industrial Development Agency (SIDA) announced that it will be providing both grants and loans to small businesses and 501(c)(3) nonprofit corporations negatively affected by the coronavirus pandemic. Eligible...more
The U.S. Small Business Association (SBA) issued new guidance on June 22, 2020, providing further clarity to the Paycheck Protection Program (PPP) loan forgiveness process....more
In light of the passing of the Paycheck Protection Program (PPP) Flexibility Act (Flexibility Act) earlier this month, the Small Business Association (SBA) issued its highly anticipated guidance on June 17, 2020 pertaining to...more
On June 3, 2020, the Senate passed the Paycheck Protection Program (PPP) Flexibility Act of 2020 (the Flexibility Act) by unanimous consent. The Flexibility Act has received large bipartisan support and President Trump is...more
The U.S. Small Business Administration (SBA) recently issued the Paycheck Protection Program (PPP) Loan Forgiveness Application (the Application) along with an Interim Final Rule on Loan Forgiveness (the Forgiveness Final...more
The U.S. Small Business Administration (SBA) recently issued the Paycheck Protection Program (PPP) Loan Forgiveness Application (the Application). Available here, the highly anticipated Application provides important...more
The U.S. Small Business Administration (SBA) issued guidance on May 13, 2020 which authorizes lenders to increase the amount of Paycheck Protection Program (PPP) loans previously disbursed to partnerships that did not have...more
As detailed in our previous information memo available here, the U.S. Treasury Department issued guidance on April 24, 2020 providing safe harbor for borrowers that may not have satisfied the required good-faith certification...more