X
09Oct

PPP & Asset Sales: Is the Buyer Required to Assume the PPP Note?

No. On October 2, the Small Business Administration published a procedural notice on changes of ownership for PPP borrowers. One specific area where we’ve seen confusion is whether the procedural notice requires a Buyer to assume all of the PPP Borrower’s obligations in an asset sale transaction....
By: Bryan Cave Leighton Paisner
Source Url: https://www.jdsupra.com/legalnews/ppp-asset-sales-is-the-buyer-required-20445/

Related

Shifting Landscape: Marijuana Employment Law Starting to Trend in Favor of Employees

Marijuana-related employment lawsuits are on the rise as more workers who have been fired or denied ...

Read More >

Unfolding Coronavirus Conditions Present Unprecedented Challenges For Manufacturers

The patchwork of federal, state and local laws addressing leaves of absence, protections of people w...

Read More >

USCIS to Open Registration for Cap-Subject H-1B Petitions on March 1, 2020

On January 9, 2020, U.S. Citizenship & Immigration Services (USCIS) formally announced its implement...

Read More >

OFCCP Week In Review: November 2019 #2

The DE OFCCP Week in Review (WIR) is a simple, fast and direct summary of relevant happenings in the...

Read More >

Assessing Risks Under Tech Start-Up Stock Incentive Plans – When Time Doesn’t Cure All!

Depending on a tech start-up company’s initial financial condition, many tech start-ups are sometim...

Read More >