A Message Regarding Racial Inequality: Faegre Drinker is deeply affected by the disturbing and terrible events surrounding the senseless deaths of George Floyd, Breonna Taylor, Ahmaud Arbery and Rayshard Brooks. While these...more
On June 5, 2020, the Paycheck Protection Program (PPP) Flexibility Act was signed by President Trump. This loan program has been popular, but its rules made it not fully useful to many small borrowers. This amendment provides...more
On May 28, 2020, the U.S. House passed the Paycheck Protection Program (PPP) Flexibility Act with strong bipartisan support. This bill provides new flexibility to PPP borrowers in several key requirements:
• Borrowers can...more
The Department of the Treasury posted the Loan Forgiveness Application for borrowers with Paycheck Protection Program (PPP) loans on May 15, 2020.
Below is a summary of key takeaways, an overview of certain procedures for...more
The Department of the Treasury released on May 13, 2020 FAQs No. 46 and No. 47 related to the requirement that Paycheck Protection Program (PPP) borrowers certify in good faith that “[c]urrent economic uncertainty makes this...more
The Congress passed the Paycheck Protection Program and Health Care Enhancement Act, sometimes known as “Stimulus 3.5.”
Here are highlights of this law’s impact on the Small Business Administration’s (SBA) Paycheck...more
With COVID-19 changing everything we do in our personal and business lives, franchisors are faced with all the same challenges as other businesses, but also several unique twists due to the nature of franchising. Franchising...more
California Gov. Gavin Newsom signed Assembly Bill 5 (AB-5) on September 18, 2019, which adopts the “ABC test” for certain California employment laws. Soon after, on September 24, 2019, the U.S. Court of Appeals for the 9th...more