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

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 …

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

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 …

5 Things All Small Businesses Should Know About COVID Relief

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

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COVID-19 Deal Impacts

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 …

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

Craft Beverage Act Is A “Bipartisan Priority”

January 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 …

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

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

Indemnity and Insurance in Business Transactions and Litigation

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 …

IRS Weighs-in on PPP Loans

PPP Borrowers Cannot Deduct Expenses Paid With Forgiven PPP Loan Proceeds

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 …

PPP and EIDL Replenished

$484 Billion in Coronavirus Relief Funds Approved

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 …

CARES Act: The Paycheck Protection Program

Loan Options Provide Financial Relief For Small Businesses

(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 …