Category Archives: Corporate

Indemnity and Insurance in Business Transactions and Litigation

Jun
24
2020

Krista Kochosky Will Instruct PBI CLE Course

Nearly every contract contains an indemnity clause – many of them poorly drafted and unenforceable. An indemnity clause can accomplish many things from shifting the burden of defense costs, to changing the scope …

Posted in Legal Watch, Corporate, Events

IRS Weighs-in on PPP Loans

May
04
2020

PPP Borrowers Cannot Deduct Expenses Paid With Forgiven PPP Loan Proceedscalculator and financial and tax statements

On May 1, the IRS released guidance addressing the deductibility of the expenses paid by businesses receiving a Paycheck Protection Program (PPP) loan. While the CARES Act provides that …

Posted in COVID-19 Updates, Legal Watch, Corporate

PPP and EIDL Replenished

Apr
25
2020

$484 Billion in Coronavirus Relief Funds Approved

store front with closed sign on door due to covid-19

On April 23, Congress approved a $484 billion bill designed in large part to replenish the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL) programs. Initially, Congress earmarked $350 billion …

Posted in COVID-19 Updates, Legal Watch, Corporate

CARES Act: The Paycheck Protection Program

Apr
08
2020

Loan Options Provide Financial Relief For Small Businesses

man in black suit looking at computer

(Post updated April 8, 2020, to reflect the most current information about the Paycheck Protection Program)

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) is one of the largest stimulus …

Posted in COVID-19 Updates, Legal Watch, Corporate

Force Majeure National Emergencies Require Decisive Reaction

Apr
02
2020

Managing Truck Leases, Service Agreements and Corporate Leases Amid COVID-19 Pandemic

hands of two people pointing a provisions of a contract

As the COVID-19 pandemic continues into its second month, impacting our society and economy, companies are working tirelessly to adjust and are straining to stop the financial bleeding from …

Posted in COVID-19 Updates, Legal Watch, Corporate

SBA Disaster Loan Available For Small Businesses Amid COVID-19 Crisis

Mar
26
2020

Businesses Are Urged to Apply For “Economic Injury Disaster Loans” Now

Men working in small business machine shop

The United States Small Business Administration (SBA) has announced a new lending program to assist small businesses and private, non-profit businesses as well. Under the new program, the SBA …

Posted in COVID-19 Updates, Legal Watch, Corporate

Married Business Owners Have Asset Protection Option Under PA Law

Jun
07
2019

Married Couple own business togetherPennsylvania law gives married business owners some valuable options for asset protection which are not broadly available in other jurisdictions across the country.

This protection stems from a joint property ownership concept referred to as “tenancy by the entireties.” Under …

Posted in Legal Watch, Corporate

New Lawsuit Seeks to Level the Online Gaming Playing Field

Jun
07
2019

Gamer AgreementA recent lawsuit filed in California is taking the internet community by storm, and is sending shockwaves through the esports and online content creation industries.  The lawsuit involves a pro video gamer and his team, alleging that the Gamer Agreement …

Posted in Legal Watch, Corporate, Litigation

Patent Checklist for Start-Ups and Emerging Businesses

Apr
29
2019

patent-action-plan-brainstorming

In general, securing patent rights in your inventions can give you a competitive advantage in your industry and can make your company more attractive to potential investors or purchasers.

Patent Basics: A patent is a right granted by the government …

Posted in Legal Watch, Corporate, Intellectual Property

Crisis Considerations For Your Business

Apr
25
2019

Is Your Business Ready For A Crisis?

Crisis situations often have unforeseen results that could jeopardize the critical assets, reputation and financial standing of a business enterprise. Crisis management is defined as a series of steps performed by an organization …

Posted in Legal Watch, Corporate, Litigation, Labor and Employment, Transportation, Oil and Gas