Drafting a Letter of Intent: Do I Need Counsel?

Jun 07 2021
Man and woman in meeting reviewing document

There are real advantages to negotiating a well-crafted letter of intent with the assistance of experienced M&A lawyers. Those selling or buying businesses can best position themselves to close the deal by engaging counsel early in the process. Often, efforts …

Posted in Corporate, Legal Watch

SBA Requests Revisions to Restaurant Revitalization Fund Applications

May 28 2021
restaurant chairs stacked on tables in a closed storefront

Applicants for the Small Business Administration’s Restaurant Revitalization Fund grant money should quickly get their ducks in a row. The program closed to new applicants this past Monday, and the SBA is currently asking applicants for revision. Applicants nationwide, from …

Posted in Corporate, COVID-19 Updates

SBA Authorizes Restaurant Revitalization Fund

May 27 2021
woman looking out window of store with open sign

Registration begins Friday, April 30, 2021. This article was updated on May 28, 2021. Read about Revisions to SBA Restaurant Revitalization Fund Applications. The United States Small Business Administration (SBA) has announced $28.6 billion (yes, billion with a B) to …

Posted in Corporate, COVID-19 Updates, LLG News

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

Feb 10 2021
hands signing contract

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 Reporting The NDAA is a …

Posted in Corporate, Legal Watch

5 Things Small Businesses Should Know About COVID Relief

Feb 08 2021
tables and counter at restaurant

Financial Resources To Stay Afloat 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 …

Posted in Corporate, COVID-19 Updates, Legal Watch

COVID-19 Deal Impacts

Dec 29 2020
person reviewing graphs

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 Corporate, COVID-19 Updates, Legal Watch

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

Dec 03 2020
beer flight on table at distillery

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 …

Posted in Corporate, Regulatory

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

Oct 08 2020
people smiling in meeting

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 …

Posted in Corporate, COVID-19 Updates, Legal Watch

Indemnity and Insurance in Business Transactions and Litigation

Jun 24 2020
two men with laptops and notebooks

Krista Kochosky Will Instruct Indemnity and Insurance 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 …

Posted in Continuing Legal Education Seminars, Corporate, Events, Legal Watch

IRS Weighs-in on PPP Loans

May 04 2020
calculate tax deductions for a business with ppp loan

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 …

Posted in Corporate, COVID-19 Updates, Legal Watch