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Legal Resources: Business

Buying or Selling a Business with a Current PPP Loan

Michael Ferrin | October 7, 2020 | Business, COVID-19

Last week, the SBA released a procedural notice with information regarding the sale (or change of ownership) of small businesses with PPP loans.  This may complicate sales of such small businesses. The borrowers must notify their PPP lenders of any

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PPP Loan Forgiveness Portal Open

J. Alan Soelberg | August 12, 2020 | Business, COVID-19

The August 8, 2020 deadline to apply for a Paycheck Protection Program (PPP) loan has passed and loan applications are no longer being accepted. However, the Small Business Administration (SBA) has now opened an electronic portal for processing loan forgiveness

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PPP Loan Extension Act – Another Step For Business to Navigate During COVID-19

J. Alan Soelberg | July 8, 2020 | Business, COVID-19

On July 3rd, President Trump signed the PPP Extension Act.    The new extension allows for application of PPP loans until August 8th, 2020. As the initial PPP program was set to expire, more than $130 billion of funds were still

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New PPP Loan Forgiveness Applications Released – Making Process Less Complicated

J. Alan Soelberg | June 17, 2020 | Business, COVID-19

The Small Business Administration (SBA) today released a revised PPP loan forgiveness application as part of its implementation of changes made by the PPP Flexibility Act. The SBA has also released a new EZ version of the forgiveness application that

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SBA Continues to Update PPP Loan Information and Department of Justice Warns of Avoiding Applying for PPP Loans Fraudulently

J. ALan Soelberg | May 6, 2020 | Business, COVID-19

The latest update, in the form of new FAQs, was published by the SBA and Department of Treasury on May 5, 2020.  Click here to access the FAQs page.  Question 31 provides needed clarification for businesses regarding qualification for necessity

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The Paycheck Protection Program and Health Care Enhancement Act is Now Law – What It Means For Business

April 24, 2020 | Business, COVID-19

On April 24, 2020, President Trump signed the $484 billion stimulus bill known as the Paycheck Protection Program (PPP) Enhancement Act to add more money for small business funding.  With $310 billion more to go to PPP loans, $60 billion

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COVID-19 Paycheck Protection For Small Business Loan Applications Start April 3 – Details

John Skabelund | April 2, 2020 | Business, COVID-19

COVID-19 Impacting Your Business? The SBA has announced that small business and sole proprietorships can apply for loans starting April 3, 2020.  Further, starting on April 10, 2020, independent contractors and self-employed individuals can apply.  Although the program will be

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COVID-19 AND COMMERCIAL LEASES

J. Alan Soelberg | March 31, 2020 | Business, COVID-19

By now you’ve likely seen an article or two referencing the federal assistance available for payroll, rent and business expenses associated with the CARES Act, or the Paycheck Protection Plan.  Additionally, COVID-19 is likely going to bring up “acts of

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COVID-19 and the Impacts on Your Business

Michael Ferrin | March 18, 2020 | Business, COVID-19

COVID-19 impacts almost every area of life and the community.  Although we cannot address the myriad of possible issues that may arise, rest assured that as a full-service law firm we are here to help.  Whether it is contracts, real

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Arizona’s Limited Liability Act – a Checklist

Marc C. Goldsen | March 18, 2020 | Business

In these times when everyone is taking stock of their business situations, many are aware that there have been changes to Arizona’s LLC law. Many are not aware, however of the scope of those changes or how their business is

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