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President Trump Seeks to End Carried Interest Tax Preference

President Trump met with Republican lawmakers on Thursday, February 6, 2025, to outline his tax priorities, including extending the 2017 tax cuts and expanding the state and local tax deduction. Also included among the...more

SBA Issues Updated Application and Posts Initial Guidance for Paycheck Protection Program

We previously published a client alert that the U.S. Small Business Administration (“SBA”) included on its Payroll Protection Program (“PPP”) website a link to a sample borrower application for PPP loans. Late yesterday, SBA...more

SBA and Treasury Department Post Sample Paycheck Protection Program Application Form and Related Information on Websites

Yesterday the U.S. Small Business Administration (“SBA”) updated its website to include a page providing a link to a sample Paycheck Protection Program Application form and other information related to the Paycheck Protection...more

U.S. Small Business Administration offering Emergency Financing for Payroll and Other Expenses to Qualified Entities Suffering...

The ongoing spread of Coronavirus/COVID-19 (“CV19”) continues to have massive effects on the global economy generally and U.S. businesses, large and small, specifically. The U.S. federal government has been hard at work...more

Form ADV Annual Updating Amendment Reminder

All registered investment advisers and exempt reporting advisers (“Advisers”), need to file the annual Form ADV amendment within 90 days of the firm’s fiscal year-end (by March 30, 2020 for those with a December 31, 2019...more

SBIC Annual Recertification of Institutional Investor Unfunded Commitments

The U.S. Small Business Administration (SBA) requires all licensed small business investment companies (SBICs) with outstanding Leverage, outstanding Leverage Commitments, or both, to annually recertify the collectability of...more

Tax Law Changes Compel Amendments to Investment Fund Agreements

Significant changes in federal income tax laws may require existing private investment fund agreements to be amended prior to the end of the 2018 calendar year. Investment managers should consult with their fund counsel to...more

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