Noteworthy developments affecting our firm, industries and clients.
DOES NEW GUIDANCE MAKE PPP LOANS VIABLE FOR U.S. SUBSIDIARIES (OF FOREIGN PARENTS)?
Under the paycheck protection program (“PPP”) of the CARES Act, approximately $670 billion in loan assistance was allocated to small businesses in the United States. The program is administered by the U.S. Small Business Administration (“SBA”) and is intended to fund payroll for employees whose principal place of residence is the United States. The PPP “loans” are intended to be forgiven assuming that loan proceeds are spent predominantly on employee compensation.
May 15, 2020
The founding partners of Croke Fairchild Morgan & Beres said low overhead and competitive billing rates have served them well during the COVID-19 pandemic, leading to growth.
American Lawyer – May 27, 2020
The Coronavirus Aid, Relief, and Economic Security (CARES) Act and Aid for Businesses
March 27, 2020
Geoffrey R. Morgan appointed to Financial Accounting Standards Board (FASB) Small Business Advisory Committee
March 26, 2020
Client Brief | SEC Proposes Amendments to Increase Access to Private Capital Markets
December 23, 2019
Client Brief | SEC Expands “Testing-the-Waters” Rule Beyond Emerging Growth Companies
October 30, 2019