Category Archives: Corporate

Pennsylvania Decennial Reports Are Now Due: Does Your Company Need to File? 

Mar
24
2021

In the Commonwealth of Pennsylvania, corporate entities are not required to file annual reports. They are required, however, to file a decennial report during calendar year 2021.

What is a Decennial Report?

The decennial report is a report filed to

Posted in Legal Watch, Corporate

New Financial Reporting Requirements Mean Businesses Must Act to Avoid Fines and Criminal Penalties 

Feb
10
2021

Businesses may have been spared new registration requirements as President Trump vetoed the National Defense Authorization Act (NDAA) for Fiscal Year 2021, but recent House and Senate vetoes will now make those requirements a reality. 

Changes To Beneficial Ownership

Posted in Legal Watch, Corporate

5 Things All Small Businesses Should Know About COVID Relief

Feb
08
2021

Businesses struggling to keep their doors open amid the ongoing public health crisis may not be aware of the financial resources available to them.

Here are Five Things Small Businesses May Not, But Should, Know About Available

Posted in COVID-19 Updates, Legal Watch, 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