Now Financial Businesses can provide their services to licensed cannabis businesses without penalty under California law.
As of February 1, 2021, licensed cannabis businesses in California gained another avenue, albeit...more
A dispute over the use of the word “Inter” that has been ongoing between Major League Soccer (MLS) and Inter Milan is now the subject of settlement discussions, according to a March 2 filing MLS submitted to the US Patent and...more
We have seen biopharmaceutical companies around the world partnering to tackle COVID-19 in diagnostics, treatment development, vaccine development, and other relief efforts, including monetary and in-kind donations of lab...more
On March 10, Congress passed the $1.9 trillion American Rescue Plan Act of 2021 (Act), the Biden Administration’s COVID-19 relief bill.
The Act made very minor revisions to the Paycheck Protection Program, but...more
The new guidance includes helpful information about additional ‘eligible costs’ for which PPP funds may be used.
On January 6, 2021, the Small Business Administration (SBA) released additional guidance for the Paycheck...more
1/12/2021
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Foreign Subsidiaries ,
Gaming ,
Hospitals ,
NAICS ,
New Guidance ,
Nonprofits ,
Paycheck Protection Program (PPP) ,
Payroll Expenses ,
Portfolio Companies ,
Publicly-Traded Companies ,
Radio Stations ,
SBA ,
Television Broadcast Stations
The highly anticipated coronavirus relief package was passed by Congress late on December 21, 2020, and is expected to be signed into law in the coming days.
As part of the coronavirus relief package, Congress has...more
For several weeks, parties to pending merger and sale transactions involving Paycheck Protection Program (PPP) loans have been asking what will happen to PPP loan forgiveness applications if a borrower sells its business...more
On July 4, 2020, the PPP Extension Bill (PPP Extension), was enacted to give small businesses more time to apply for loans under the Paycheck Protection Program (PPP). With approximately $130 billion remaining available...more
On June 17, 2020, the US Small Business Administration (SBA), in consultation with the Department of the Treasury, published a new PPP Loan Forgiveness Application Form 3508EZ (EZ Forgiveness Application), which requires...more
On Friday, June 5 President Trump signed the Paycheck Protection Program Flexibility Act of 2020 (PPP Flexibility Act) into law. The PPP Flexibility Act modifies the Paycheck Protection Program (PPP) that was contained in the...more
6/8/2020
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CARES Act ,
Coronavirus/COVID-19 ,
Donald Trump ,
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Loan Forgiveness ,
Paycheck Protection Program (PPP) ,
Paycheck Protection Program Flexibility Act of 2020 (PPPFA) ,
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Small Business ,
Small Business Loans
On May 22, 2020, the Small Business Administration (SBA) and US Department of Treasury released long-promised forgiveness regulations (Regulations) for the Paycheck Protection Program (PPP).
The Regulations provide greater...more
You’ve secured a PPP Loan to help weather the pandemic. Now, the SBA and Treasury have released a Loan Forgiveness Application to help lighten your financial burden. In today’s podcast, Aaron Jacoby, Russ McRory, and Justin...more
On May 15, 2020, the Small Business Administration (SBA) released the Loan Forgiveness Application for loans under the Paycheck Protection Program (PPP). The release of the Forgiveness Application sheds further light on the...more
On May 3, 2020, the SBA and the US Department of the Treasury released new guidance to assist businesses with calculating the forgiveness amount for Paycheck Protection Program (PPP) loans, with respect to employees who...more
The CARES Act specifies that a PPP borrower will be eligible for forgiveness of indebtedness on a PPP loan in an amount equal to the sum of payroll costs, covered mortgage interest payments, covered rent payments, and covered...more
A Maryland federal District Court Judge declined to issue an emergency temporary restraining order on April 13, which was intended to remove eligibility restrictions put in place by Bank of America under the Coronavirus Aid,...more
Congress passed “The Coronavirus Aid, Relief, and Economic Security Act” (CARES Act), which included the “Paycheck Protection Program” (PPP) for small businesses. The PPP provides short-term cash flow assistance to small...more
On April 2, the Small Business Administration published an Interim Final Rule intended to amend certain existing regulations in order to assist lenders and borrowers in advance of the April 3 opening submission opportunity...more
...CARES Act -
Congress passed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), which included the Paycheck Protection Program (PPP) for small businesses. The PPP provides short-term cash flow assistance...more
Carlos Ghosn, the renowned former CEO of Nissan & Renault, who brokered the Japanese & French carmarkers’ alliance with Mitsubishi, brazenly escaped from house arrest in Tokyo, Japan on December 30, 2019, and finally wound up...more
The three companies have pledged over $90 million to advance a ballot measure that would repeal the law. Assembly Bill 5, in a test for the gig-economy, mandates that Uber, Lyft, and other employers must classify most of...more