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Important PPP Clarifications on Owner-Employee Compensation Rules and Rent Forgiveness

USA - August 26 2020 With many PPP borrowers now working their way through the intricacies of the forgiveness calculations and related analysis, the SBA and Treasury…

Joshua E. French, Shannon S. Zollo

The Dangers of Using Finders in Early Stage Financing Transactions

USA - August 31 2020 Early stage companies almost always lack two critical resources: time and money. Not only do they barely have enough time to run the business, but…

Jeremy Halpern

Revised PPP Loan Forgiveness Applications - Two for the Price of One

USA - June 18 2020 On June 16, 2020, the SBA released a revised form of Loan Forgiveness Application, which incorporates the changes provided in the PPP Flexibility Act…

Joshua E. French, Kate Henry, Shannon S. Zollo

SEC Proposal for Limited Exemption from Broker-Dealer Registration

USA - October 21 2020 On October 7, 2020, the Securities and Exchange Commission (the “SEC”) proposed a limited, conditional exemption from the broker registration…

Jeremy Halpern

PPP: SBA Provides Process for a Change of Ownership

USA - October 6 2020 On October 2, 2020, the SBA provided notice to PPP lenders regarding the process by which PPP borrowers may undertake a “change of ownership” while a…

Joshua E. French, Shannon S. Zollo