Legal News

On Friday, October 2, 2020, the Small Business Administration (SBA) issued a Procedural Notice (the "Notice") explaining required procedures when an entity that has received a Paycheck Protection Program loan (a "PPP Borrower") experiences a change in ownership. In particular, the Notice sets forth the circumstances in which SBA consent is required prior to a change in ownership and the steps PPP Borrowers and lenders must take to avoid defaulting on PPP loans as a result of a change in...By: Va...

Beginning May 7, 2020 the construction industry and certain other real estate businesses may resume in-person operations in Michigan under the conditions set forth in Gov. Whitmer’s Executive Order 2020-70 (the Order)....By: Varnum LLP

Owners, contractors and subcontractors across the country are encountering delays arising from the COVID-19 pandemic, and face an unclear reality as to how such delays will affect various project schedules and budgets....By: Varnum LLP

As the H-1B cap registration period approaches, please confirm whether your company employs recent foreign student graduates on optional practical training work authorization or whether you have foreign individuals your company would like to employ...By: Varnum LLP

The coronavirus has significantly impacted supply chains across the globe, and while companies experiencing production limitations due to reduced inventories are turning to their supply agreements for remedies, these same companies may also face...By: Varnum LLP

In this third installment of our series, we will discuss the new details provided to taxpayers regarding various tests to be met to qualify as a Qualified Opportunity Fund (QOF) and Qualified Opportunity Zone Business (QOZ Business)....By: Varnum LLP

U.S. Citizenship and Immigration Services (USCIS) released a new version of Form I-9, Employment Eligibility Verification (Rev. 10/21/2019) to verify employee identity and employment authorization....By: Varnum LLP

As Benjamin Franklin once wrote, "in this world nothing can be said to be certain, except death and taxes." With the 2019 income tax return filing deadline of April 15, 2020 looming, many taxpayers dread having to prepare their income tax return and...By: Varnum LLP

On December 20, 2019 the SECURE (Setting Every Community Up for Retirement Enhancement) Act was enacted into law. The Act includes minor changes to the law in several areas, along with some significant changes regarding the distribution of certain...By: Varnum LLP

On December 20, 2019 the Taxpayer Certainty and Disaster Tax Relief Act of 2019 (2019 Disaster Act) was signed into law. This law was intended to address disaster relief and to provide technical corrections and amendments needed to clarify other...By: Varnum LLP