Corporate

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

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

PPP and EIDL Replenished

Apr 25 2020
Congress Approves Replenishment of PPP and EIDL

$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 …

Posted in Corporate, COVID-19 Updates, Legal Watch

CARES Act: The Paycheck Protection Program

Apr 08 2020
loan options provide relief for small businesses

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 …

Posted in Corporate, COVID-19 Updates, Legal Watch

Force Majeure National Emergencies Require Decisive Reaction

Apr 02 2020
hands of two people pointing a provisions of a contract

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

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

Mar 26 2020
industrial workers and equipment

Businesses Are Urged to Apply For “Economic Injury Disaster Loans” Now 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 Corporate, COVID-19 Updates, Legal Watch

Tenancy by the Entireties: Asset Protection for Married Business Owners in Pennsylvania

Jun 07 2019
smiling man and woman in business attire

Pennsylvania law gives married business owners some valuable options for asset protection that 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.” What …

Posted in Corporate, Legal Watch

New Lawsuit Seeks to Level the Online Gaming Playing Field

Jun 07 2019
man online gaming

A 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 Corporate, Legal Watch, Litigation

Patent Checklist for Start-Ups and Emerging Businesses

Apr 29 2019
man looking at photos on bulletin board

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 Corporate, Intellectual Property, Legal Watch