Category Archives: Corporate

COVID-19 Deal Impacts

Dec
29
2020

In Light of COVID-19 Buying and Selling a Business Now Looks a Little Different

While, earlier in 2020, we saw the number of deals plummet as mergers and acquisitions nearly ground to a halt, we have seen a resurgence of …

Posted in COVID-19 Updates, Legal Watch, Corporate

Craft Distillers, Brewers, and Wineries Hoping to Drink in Tax Relief

Dec
03
2020

Craft Beverage Act Is A “Bipartisan Priority”

Craft Distillers, Brewers, and Wineries Hoping to Drink in Tax ReliefJanuary 1, 2021, is an important day for craft distillers, brewers, wineries, meaderies, and cideries. Without legislative intervention, these artisans face a significant hike in federal excise tax at the end of an …

Posted in Corporate, Regulatory

Can I Sell My Business If I Have A PPP Loan?

Oct
08
2020

What You Need to Know About PPP and Change of Business Ownership

Business Owner and Lender Discuss PPP Loan and Change Of Buiness Ownership

Generally, the Small Business Administration (SBA) and Paycheck Protection Program (PPP) lenders must consent to certain changes in a borrower’s ownership that occur within one year of the …

Posted in COVID-19 Updates, Legal Watch, 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