X
15Oct

Buyers’ obligation to assume PPP debt hinges on need for SBA approval

The Small Business Administration recently 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/buyers-obligation-to-assume-ppp-debt-71085/

Related

Ninth Circuit Issues A Second En Banc Decision Regarding Prior Salary Considerations In Rizo v. Yovino Re-Do

In yet another development in the closely watched case of Rizo v. Yovino, the en banc Ninth Circuit ...

Read More >

Kansas City Joins Movement to Ban Salary History Inquiries

Employers in Kansas City, Missouri, are now prohibited from asking applicants about their prior sala...

Read More >

Dr. Loveless Answers Your Workplace Romance Questions!

Back for 2020! NOTE FROM ROBIN: For the past two years, Employment & Labor Insider has been honored...

Read More >

Here’s What You Need To Know About Protecting Trade Secrets

What do you do when a key employee leaves and you believe he/she has taken your company’s trade sec...

Read More >

DOL Issues Update on Joint Employment under the FLSA

For the first time in 60 years, the U.S. Department of Labor updated the Fair Labor Standard Act’s ...

Read More >