Many people hoped that Covid-19 would be a thing of the past by now. Unfortunately, it looks like it will be staying with us for a while yet. If you are like many attorneys, you are trying to accommodate your clients virtually. Here are some tips to make virtual...
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Houston Harbaugh
Corporate Law
SBA Issues Additional Guidance on Definition of “Owner-Employees” For PPP Borrowers
On Monday (August 24) the SBA issued another Interim Final Rule (the “8/24 Rule”) under the Paycheck Protection Program (PPP). This Rule in part provides further insights on the definition of “Owner-Employee” under the PPP. The interpretation changes the current...
Congress Extends PPP; A New PPP Round Proposed For Smaller Ailing Businesses; SBA Rulings Help PPP Borrowers Apply For Forgiveness
Congress extended the PPP program last week, giving businesses that have not yet obtained loans another 5 weeks to do so. A new bill has been proposed in the Senate amending the PPP to provide second loans to smaller businesses that have spent their PPP monies and...
New PPP Forgiveness Applications And Interim Rule; Some Key Issues Clarified; Borrowers Prepare To Apply For Loan Forgiveness
On Wednesday, June 17, the SBA published two new forgiveness applications-a long-form and an "EZ" form-along with revised instructions, and on the day before, published another interim final rule (#19). The revised loan applications incorporate the changes made to the...
PPP Update: Second Round Of Funding Proceeds Quickly; Treasury Resolves To Audit Larger Borrowers; Guidance On Certifications; New Interpretations
The Paycheck Protection Program (PPP) has been reinvigorated with the $310 billion of new funding as part of the $484 billion Stimulus Package signed into law by the President on Friday, April 24. That program was implemented under the CARES Act (Act) and offers 1%...
COVID-19 : What You Need To Know For Your Business And Family (Webinar Recording)
On Thursday, April 9th, 2020 Houston Harbaugh attorney Jared Leland participated in a live conversation about the impact of the COVID-19 pandemic on small businesses and what steps business owners need to take now to ensure future success. A video of the webinar can...
Paycheck Protection Program Update– SBA Issues Its Rule
On Thursday, April 2, 2020, the Small Business Administration ("SBA") released its interim final rule ("Rule") setting forth procedural and substantive provisions to implement the Paycheck Protection Program ("PPP"). The SBA also distributed an updated form for...
