Business owners have wide discretion in determining the best corporate structure to use in setting up their businesses. Some use a single entity, while others use multiple entities, which can take the form of corporations, partnerships, and limited liability companies. Regardless of form, however, Continue Reading
Paycheck Protection Program
The Paycheck Protection Program Flexibility Act of 2020 (the PPP Flexibility Act) was signed into law on June 5, 2020. In response to the PPP Flexibility Act, the Small Business Administration (the SBA) provided two revised PPP Loan Forgiveness Applications (the Forgiveness Applications) on Continue Reading
Additional Assistance Available: Certain SBA Loan Subsidies Under the CARES Act
The Bottom Line The Coronavirus Aid, Relief and Economic Security Act (CARES Act) provides various types of assistance to small businesses impacted by the novel coronavirus (COVID-19) pandemic. In addition to the establishment of the widely publicized Payroll Protection Program (the PPP) and Continue Reading
Rewards and Risks for Distressed Strategic Middle Market M&A
The Bottom Line During the bull market that followed the recovery from the 2008 financial crisis, we saw robust and sustained merger and acquisition (M&A) activity. Acquisitive companies pursued target businesses with strong balance sheets and bright growth prospects. Acquirers and targets Continue Reading
Paycheck Protection Program Flexibility Act of 2020
The Bottom Line The Paycheck Protection Program Flexibility Act of 2020 (the PPP Flexibility Act) was enacted on June 5, 2020. The PPP Flexibility Act provides borrowers with additional flexibility in both the amount of time and the ways in which they are able to use their PPP loan Continue Reading
Latest Guidance on Paycheck Protection Program Loan Forgiveness
The Bottom Line The Small Business Administration (the SBA) recently provided additional guidance related to the forgiveness of loans under the Paycheck Protection Program (PPP). On May 15, 2020, the SBA released the PPP Loan Forgiveness Application (the Application) for borrowers to Continue Reading
Main Street Business Lending Program Updates
On June 15, 2020, the Federal Reserve announced that its Main Street Lending Program was open for lender registration. Once an eligible lender has registered to participate in the program, the eligible lender can begin making Main Street loans immediately. In addition, on June 8, 2020, the Federal Continue Reading
Paycheck Protection Program and Health Care Enhancement Act to Appropriate Additional Funds for Small Business Loans
The Bottom Line President Trump signed the Paycheck Protection Program and Health Care Enhancement Act (PPPHCE Act) into law on April 24, 2020 to infuse approximately an additional $484 billion of stimulus funds into the economy in response to the coronavirus pandemic (COVID-19). The PPPHCE Continue Reading
Paycheck Protection Program Update & Main Street Lending Program
The Impact of COVID-19 on U.S. Trademark Applications and Registrations
The Bottom Line On March 31, 2020, the U.S. Patent and Trademark Office (USPTO) issued a notice concerning the waiver of certain trademark-related timing deadlines pursuant to Section 12004 of the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act). The CARES Act (which was Continue Reading