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

Engineering, Procurement and Construction Agreements for Utility-Scale Battery Projects

The negotiation of an engineering, procurement and construction (EPC) agreement for a battery energy...

Read More >

CMA Issues New Guidance on Merger Assessment During COVID-19 Pandemic

The guidance includes a refresher on “failing firm” defence claims, for which the CMA will maintai...

Read More >

Employers Relax After Tennessee Court Rejects Anxious Employee's Failure to Accommodate Claim

On Tuesday, October 22, 2019, a Tennessee federal judge rejected a lawsuit brought by the U.S. Equal...

Read More >

Panama – Increase in minimum hourly wage rates for 2020

By Executive Decree No. 424 of December 31, 2019, the Executive Branch approved the increase in mini...

Read More >

The Impact of COVID-19 on M&A Transactions - Part 1: Due Diligence and Operational Issues

The COVID-19 pandemic has caused severe disruption, distress and uncertainty for companies across al...

Read More >

Continuity of Business Enterprise (COBE)

Generally, any gain recognized on the sale or exchange of property is taxable, but the Internal Reve...

Read More >