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FinCEN Issues Proposed Beneficial Ownership Reporting Rules to the Corporate Transparency Act

Background and Development - On December 7, 2021, the Financial Crimes Enforcement Network (“FinCEN”) published a Notice of Proposed Rulemaking (“NPRM”) for the Corporate Transparency Act (the “CTA”).  ...more

Corporate E-Note - September 2020

SBA Issues New PPP Rules for Owner-Employees and Related Party Rents - The Small Business Administration ("SBA") recently issued a new interim final rule clarifying whether paycheck protection program ("PPP") loan proceeds...more

Economic Effect of COVID-19 Shutdowns and Paycheck Protection Program Relief

Closing in on five months after the initial COVID-19 shutdown, it is apparent that most, if not all, industries have been affected by shutdowns, restrictions, and quickly changing guidelines and best practices. Physician...more

President, Congress Extend Application Period for PPP Loans

On July 4, President Trump signed into law a bill extending the period during which borrowers can apply for paycheck protection program (“PPP”) loans from June 30 to August 8. The PPP loan program is part of the governmental...more

Congress Passes PPP Flexibility Act

On June 3, 2020, Congress passed the Paycheck Protection Program Flexibility Act of 2020 (the “Flexibility Act”).  The Flexibility Act modifies several aspects of the forgiveness of paycheck protection program (“PPP”) loans...more

SBA Releases PPP Loan Forgiveness Application

The Small Business Administration (“SBA”) has released the application for the forgiveness of paycheck protection program (“PPP”) loans.  Intended to provide a resource for small businesses to maintain their workforces, these...more

SBA Releases Guidance on PPP Good Faith Need Certification

On May 13, 2020, the Small Business Administration (“SBA”) updated its Frequently Asked Questions on the Paycheck Protection Program (“PPP”) loans with a new Question 46 regarding a borrower’s certification that its PPP loan...more

Paycheck Protection Program: Where Are We Now?

Over a month has passed since the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) was signed into law, creating the much-discussed paycheck protection program (“PPP”).  The PPP has been subject to...more

U.S. Senate Approves Additional Funding for Small Business Relief

On Tuesday, April 21, the U.S. Senate passed the Paycheck Protection Program and Health Care Enhancement Act (the “Enhancement Act”), which is intended to, among other things, replenish the depleted funds for the paycheck...more

Federal Reserve Announces New Programs for Mid-Size Business Relief

In addition to its much-discussed small business relief programs, the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act” or the “Act”) included $500 billion in funds for relief for businesses not otherwise...more

So You Qualify for a Paycheck Protection Loan... Now What?

Since the end of last week when the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act” or the “Act”) was signed into law, there has been a lot of discussion about the new Small Business Administration (“SBA”)...more

Burr Alert: COVID-19 and Its Impact on Business

As the spread of COVID-19 continues and the situation and circumstances surrounding COVID-19 seem to be changing by the minute, it is expected that the health and safety of people is on the forefront of everyone’s mind.  ...more

U.S. Small Business Administration to Offer Coronavirus Disaster Relief Assistance Loans

On March 12, 2020, the U.S. Small Business Administration (“SBA”) announced that it will begin offering federal disaster loans for working capital to small businesses that “have sustained substantial economic injury” due to...more

COVID-19 and Contract Performance

As the spread of COVID-19 continues and the situation and circumstances surrounding COVID-19 seem to be changing by the minute, it is expected that the health and safety of people are on the forefront of everyone’s mind. ...more

Starting A Medical Practice: What Entity Works Best For You?

Starting a medical practice is an exciting new opportunity, but, like with many new opportunities, you will face a number of important decisions before you can open your doors to patients. One of the early decisions you will...more

Keeping a Neat (Business) House: Contracts

Any real estate professional will tell someone trying to sell a house that it needs to be tidy and de-cluttered before any open house. And common sense tells us that it is much easier to make a house presentable when it’s...more

12/6/2012  /  Due Diligence
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