X
20Oct

Are you selling your business or merging? … Not so fast, if you are a PPP borrower.

Although the U.S. Small Business Administration (“SBA”) has started its program to forgive loans made to businesses under the Paycheck Protection Program (“PPP”), PPP borrowers and their lenders are cautioned to comply with a recently issued procedural notice relating to a change of ownership of a PPP borrower....
By: Farrell Fritz, P.C.
Source Url: https://www.jdsupra.com/legalnews/are-you-selling-your-business-or-55118/

Related

Maine Limits Use of Noncompetes and Prohibits Employer No-Poaching Pacts

Maine has joined the trend of other New England states, including Massachusetts, New Hampshire, and ...

Read More >

Developer is Not Indemnified for its Own Conduct Without an Express Agreement in the Indemnification Clause

In a case where the jury found both the Architect and the Developer separately responsible for Plain...

Read More >

Supreme Court: Employers Must Timely Raise Affirmative Defenses Involving Administrative Exhaustion Under Title VII

On June 3, 2019, the U.S. Supreme Court ruled that the charge filing requirement under Title VII of ...

Read More >

Antimonopoly agency in Kazakhstan: working in a new way

On September 8, 2020, the new Agency for the Protection and Development of Competition (the “Agency...

Read More >

IRS Letters 226-J for 2017 are in the Mail

The IRS has been issuing the 2017 Employer Shared Responsibility Penalty (ESRP) assessments (Letter ...

Read More >

[Webinar] M&A Considerations in Government Contracts Transactions - April 23rd, 11:00 am - 11:15 am EST

With the increase in the globalization of government contracts, we are seeing more intricate issues ...

Read More >