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Small Business Administration › Limited Liability Company (LLC)

The Small Business Administration is a United States federal agency established in 1953 by the Small Business Act. The SBA is dedicated to assisting and supporting small business and entreprenuers. The SBA... more +
The Small Business Administration is a United States federal agency established in 1953 by the Small Business Act. The SBA is dedicated to assisting and supporting small business and entreprenuers. The SBA carries out its mission through a variety of programs including providing financial and federal contract procurement assistance, management assistance, and specialized outreach to women, minorities and armed forces veterans. less -
Eversheds Sutherland (US) LLP

New SBA tax blocker exception for BDCs with dropdown SBICs

Eversheds Sutherland (US) LLP on

On January 19, 2024, the US Small Business Administration (SBA) created a new exception applicable to business development companies (BDCs) with wholly owned small business investment companies (SBICs) that will allow use of...more

Dunlap Bennett & Ludwig PLLC

An Overview Of The Corporate Transparency Act

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As we discussed in part one of this series, the Corporate Transparency Act is in effect as of January 1, 2024, requiring that private companies report information about their beneficial owners to the Department of Treasury’s...more

PilieroMazza PLLC

Weekly Update for Government Contractors and Commercial Businesses – June 2021

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GOVERNMENT CONTRACTS - DOD Issues Proposed Rule on Enhanced Post-Award Debriefing Rights: 5 Things You Should Know - As we previously reported, Section 818 of the National Defense Authorization Act for Fiscal Year 2018...more

Morrison & Foerster LLP - Government...

8(A): The Small Business Administration’s Program For Socially & Economically Disadvantaged Businesses (Guide 3 Of 4)

Morrison & Foerster LLP - Government... on

SBA’S 8(A) BUSINESS DEVELOPMENT PROGRAM- WHAT IS THE 8(A) PROGRAM AND WHAT IS IT INTENDED TO DO? The 8(a) program, officially designated the 8(a) Business Development program, is designed to assist small...more

Cole Schotz

SBA Releases Guidance On Paycheck Protection Program 2.0

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On January 8, 2021, the U.S. Small Business Administration (“SBA”), in consultation with the Department of Treasury, announced the re-opening of the Paycheck Protection Program (“PPP”) to first-time borrowers and certain...more

Arnall Golden Gregory LLP

SBA’s New PPP Loan Necessity Questionnaires Target PPP Recipients with Loans of $2M

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On October 31, 2020, the U.S. Small Business Administration (“SBA”) published a Notice in the Federal Register seeking approval from the Office of Management and Budget for the collection of information through, among other...more

Hinshaw & Culbertson LLP

New Interim PPP Rules Address Owner-Employee Compensation, Sub-Tenants, and Rent Payments to a Related Party

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The Small Business Administration (SBA) and the U.S. Department of the Treasury issued a new interim Paycheck Protection Program (PPP) rule on August 24, 2020. The rule covers changes involving owner-employee compensation,...more

White and Williams LLP

You Have Questions…SBA Releases PPP Loan Forgiveness FAQs

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The U.S. Small Business Administration (SBA), in consultation with the U.S. Department of the Treasury (Treasury), recently released a series of Frequently Asked Questions (the Forgiveness FAQs) focusing on forgiveness of...more

Farrell Fritz, P.C.

“Family Investing” As A Trade Or Business? In The Time Of The Lockdown? Seriously? Life Goes On

Farrell Fritz, P.C. on

Go Figure- As of last Wednesday night, the SBA’s website reported that almost 4.5 million businesses had borrowed more than $510 billion under the Paycheck Protection Program. Many businesses are wondering whether they will...more

Burr & Forman

S Corporation Owners Get Less than Partnership Owners and Self-Employed Individuals under Payroll Protection Program

Burr & Forman on

The Payroll Protection Program (PPP) under the CARES Act can provide eligible businesses with a forgivable loan from the government to be used to keep and pay employees, and for certain other purposes, and to help businesses,...more

White and Williams LLP

The Main Street Business Lending Program – Frequently Asked Questions

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On April 30, 2020, the Department of the Treasury and the Federal Reserve Board released a set of “Frequently Asked Questions” (FAQs) relating to the Main Street Business Lending Program (Main Street Program), which was...more

Hutchison PLLC

Client Alert: SBA Issues Additional Guidance for Self-Employed Individuals and PPP Borrowers Taxed as Partnerships

Hutchison PLLC on

On April 15, 2020, the U.S. Small Business Administration issued a new interim final rule (link) (the “Guidance”) that supplements prior guidance with respect to the Paycheck Protection Program (the “PPP”). Among other...more

Bradley Arant Boult Cummings LLP

New SBA Guidance for Partnerships and LLCs Applying for Paycheck Protection Program Loans

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On April 14, 2020, the Small Business Administration (SBA) posted an additional Interim Final Rule for the Paycheck Protection Program (PPP). This new Interim Final Rule functions as a supplement to the first PPP Interim...more

Stinson - Government Contracting Matters

When the Government Asks for Required Information, Answer (But First Make Sure You Have Prepared for the Question).

Stinson - Government Contracting Matters on

You might think that this could go without saying, but apparently it can’t: If you want to succeed in your dealings with the federal government, you need to timely provide information required by law, particularly when...more

PilieroMazza PLLC

Weekly Update Newsletter - October 2019 #3

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LITIGATION & DISPUTE RESOLUTION - The Supreme Court Clarifies Vague Arbitration Clauses Affecting Class Disputes for Growing Businesses - For most small to medium-sized businesses, the threat of a class action is not...more

Foley & Lardner LLP

Meeting the Definition of a Small Business Concern Checklist

Foley & Lardner LLP on

A Checklist for existing or prospective federal government contractors to determine whether they can meet the definition of a small business concern (SBC) under the Small Business Act (SBA). This Checklist includes the...more

PilieroMazza PLLC

PilieroMazza Legal Advisor - Fourth Quarter 2017

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Business and Corporate Special Issue - We are excited to bring you this special edition of The Legal Advisor focused on our Business & Corporate Group. The articles in this issue highlight the diverse array of matters...more

PilieroMazza PLLC

Protecting an LLC From A Wayward Member While Maintaining SBA Eligibility

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When creating a limited liability company (“LLC”), members are often so concerned with getting the company established–and anticipating problems that may arise with third parties, be it suppliers or customers–that they fail...more

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