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Indiana Announces the Small Business Restart Fund

Posted by: Robert A. Greising and Corben A. Lee on May 29, 2020

Court Decision Clears Way for Broader Use of Postnuptial Agreements

On May 29, 2020, Governor Holcomb announced the Small Business Restart Fund (“Grant”) which takes $30,000,000 in federal funding made available through the CARES Act and creates grants for Indiana small businesses.

In order to qualify for the Grant, the applicant must meet all of the...


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New Interim Final Rules Provide Further Guidance on PPP Forgiveness

Posted by: Robert A. Greising and Corben A. Lee on May 28, 2020

Court Decision Clears Way for Broader Use of Postnuptial Agreements

Late in the evening on May 22, 2020, the SBA and Treasury released two new interim final rules (“New IFRs”) for the Paycheck Protection Program (“PPP”) that provide clarity on loan forgiveness and the loan review process and responsibilities. In many places, the New IFRs confirmed guidance that...


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SBA Forgiveness Application

Posted by: Robert A. Greising and Corben A. Lee on May 18, 2020

Court Decision Clears Way for Broader Use of Postnuptial Agreements

On Friday, May 15, 2020, the SBA published the Paycheck Protection Program Loan Forgiveness Application (“Application”) and Instructions. To access the Application and instructions please click here.

The Application provides much needed guidance on the process by which borrowers will...


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PPP Safe Harbor for Loans Under $2M and Helpful Guidance for Loans $2M+

Posted by: Robert A. Greising and Corben A. Lee on May 13, 2020

Court Decision Clears Way for Broader Use of Postnuptial Agreements

[UPDATE MAY 13, 2020] - Welcome guidance was issued today by the Small Business Administration (SBA) in the form of FAQ #46 regarding a borrower’s certification of the necessity of a loan under the Paycheck Protection Program (PPP). The guidance provides a safe harbor for PPP loans with an...


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UPDATED - Paycheck Protection Program: Confirm the Necessity or Return the Funds

Posted by: Robert A. Greising and Corben A. Lee on May 6, 2020

Court Decision Clears Way for Broader Use of Postnuptial Agreements

UPDATED - The Small Business Administration issued guidance on May 5th that extends until May 14, 2020 the safe harbor for returning the PPP loan proceeds.  Our alert first published on April 30, 2020 has been updated to reflect this and to add some other guidance on the issue of “necessity.”

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Further Relief for Indiana Businesses During the Time of COVID-19: Remote Meetings and Suspending Five-Year Limit on Reinstatements

Posted by: Brian M. Heaton and Micah J. Nichols on May 5, 2020

Court Decision Clears Way for Broader Use of Postnuptial Agreements

Governor Eric Holcomb recently signed Executive Order 20-23, which provides further relief for Indiana businesses in light of COVID-19.
 

A.    Remote Annual Meetings for Corporations and Meetings for Nonprofit Organizations

Remote annual meetings of shareholders are now authorized during...


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IRS Provides Updated Guidance Related to Recent COVID-19 Releases

Posted by: Kendall A. Schnurpel on May 4, 2020

Court Decision Clears Way for Broader Use of Postnuptial Agreements

Guidance continues to be issued by various governmental agencies regarding the Paycheck Protection Program (the “PPP”) established by the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”).  On April 30, 2020, the Internal Revenue Service (“IRS”) issued new and supplementary...


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