X
15Oct

Four Things You May Have Missed about the PPP Change of Ownership Notice

As previously discussed, on October 2, 2020, the SBA published Procedural Notice 5000-20057 addressing Paycheck Protection Program Loans and Changes of Ownership. Based on a review of memos on the subject by other law firms and accounting firms, four items stood out as not being regularly addressed (in addition to some expressing the mistaken belief that buyers have to assume the PPP loan in any asset transaction)....
By: Bryan Cave Leighton Paisner
Source Url: https://www.jdsupra.com/legalnews/four-things-you-may-have-missed-about-89314/

Related

Working Wise: Coronavirus Concerns in the Workplace

The World Health Organization has declared the 2019 novel coronavirus a global health emergency. Wit...

Read More >

Sweeping Changes to Retirement Plan Rules Passed Under the SECURE Act – Provisions Requiring Immediate Attention

On December 20, 2019, the Further Consolidated Appropriations Act, 2020 (the “FCAA”) was signed by...

Read More >

Second Circuit Approves Offers of Judgment in FLSA Cases

On December 6, 2019, the Second Circuit Court of Appeals held that judicial approval is not required...

Read More >

Massachusetts Governor Files Bill and Issues Executive Order to Ease Permitting Process During COVID-19

Massachusetts continues to expand its response to the novel coronavirus ("COVID-19"), by taking addi...

Read More >

Health Care M+A: The Emergence of “Supergroups” - Composed of Medical, Dental and Other Clinicians

Among the new models are “supergroups,” involving combinations of physicians, dentists, vision-car...

Read More >

Chancery Addresses Fiduciary Duty Claims Related To Financial Statements Created For Merger

In re Baker Hughes Inc. Merger Litigation, C.A. No. 2019-0638 AGB (Del. Ch. Oct. 27, 2020). This de...

Read More >