New SBA guidance for the PPP loan program states that all PPP loans under $2 million will be considered within the “safe harbor” regarding the certification that the loan was necessary. The SBA had previously issued conflicting guidance on how it would review the good faith nature of this certification by PPP recipients. The SBA
PPP Loan-Should I Give It Back? By Jeff Donoho and Benjamin Tompkins – Kennyhertz Perry May 8, 2020 https://www.bizjournals.com/kansascity/news/2020/05/08/ppp-loan-should-i-give-it-back.html For small business participants in the SBA’s Paycheck Protection Program (PPP), the roll out of rules and regulations may seem like a complex and never-ending maze. New updates to the SBA’s online FAQs regarding borrower “certifications”
Borrowers and lenders beware. The DOJ has launched investigations into the popular SBA Paycheck Protection Program and the borrowers who received billions of dollars under the program. As reported by Bloomberg and other press outlets, the probe is being led by Assistant Attorney General, Brian Benczkowski and a team of prosecutors with the Fraud Section.
The federal government has begun filing enforcement actions against CBD companies for making health related claims. The first such suit, which seeks a temporary restraining order and preliminary injunction, suit was filed against Marc Ching, who is a California CBD marketer doing business as Whole Leaf Organics. Mr. Ching previously received a warning letter from
Legal Guidance on Avoiding Liability for Your Business as Covid-19 Stay-At-Home-Orders are Lifted By Mit Winter – Attorney, Kennyhertz Perry May 1, 2020 https://www.bizjournals.com/kansascity/news/2020/05/01/legal-guidance-on-avoiding-liability-for-your.html The governors of Kansas and Missouri both announced that beginning May 4, stay-at home orders will be eased and certain businesses will be able to reopen. While this is great news for businesses
NCAA Board of Governors Announces Support for College Athlete Name, Image, and Likeness Compensation
The NCAA announced today that its Board of Governors voted in support of a working group’s report and recommendations to allow NCAA college athletes to be compensated for the use of their names, images, and likenesses (“NIL”). With this support, the three NCAA divisions will now move forward with drafting revised NIL legislative proposals for
Cannabis industries are less likely to benefit from the stimulus package funding from COVID-19, due to its current legal status. In an article on HortiBiz.com, Braden Perry discusses some potential options for cannabis industries to gain assistance during this pandemic. Cannabis is still considered a Schedule 1 narcotic, which is why they are deemed ineligible
Crisis management is necessary in all aspects of business, whether it’s a global pandemic like COVID-19 or a corporate scandal. With the state of our current pandemic it’s important to have a plan in place for your business, and to expect the unexpected. Braden Perry discusses common crisis management theories in an article on Beekeeper’s blog.
“Crisis management is a general process that can take on many forms to address sudden and significant events. A good crisis management process contemplates events both internal and external to the entity. A good crisis management program will need a strategy to deal with stakeholders in varying ways, depending on the circumstances.”
To read this article in it’s entirety: https://www.beekeeper.io/blog/what-is-crisis-management/
About Kennyhertz Perry’s Outside General Counsel Practice Group
Our team understands that businesses of all sizes, from startups to large corporations, seek to operate as efficiently as possible. We also have the perspective of knowing that businesses have ongoing need for outside general counsel across a range of issues.
To meet this need, we provide our clients with experienced outside general counsel that partners with management to meet a company’s specific legal needs in a cost-effective manner. We act as outside general counsel so that clients have full-time legal support without the overhead and cost of hiring an in-house attorney.
As former in-house attorneys, our lawyers have experience working from within a company to manage the full spectrum of legal issues that commonly arise during the life of a business. We combine this background with a high standard of client service to position our firm as a strong provider of outside general counsel services.
NPR in Kansas City features Jeff Donoho in a story about the reopening of Guitar Center Distribution Center, less than two weeks after it was ordered to shut down in the Northland. City officials say that the distribution center is taking all the necessary precautions for safety of the workers, and the business is now
Cannabis Dispensary Magazine’s recent article “Is the Cannabis Industry Ready for Blockchain”, features Braden Perry discussing the basics of understanding Blockchain. With the recent rise of popularity in Blockchain, you may soon see applications in the cannabis industry. “Cannabis attorney Braden Perry, partner at Kansas City, Mo., law firm Kennyhertz Perry, helps companies implement novel
Kansas City Business Journal interviewed Braden Perry in the article “Businesses Beware: Financial Fraud is on the Rise“, discussing an upswing in financial fraud in Kansas City while more people are working from home. People’s home internet networks are likely not as secure as their office network. Frauds are being committing through email communication, and
Companies and individuals in the United States are confronting unprecedented challenges triggered by COVID-19, which has shuttered businesses, disrupted travel, supply chains, and the financial markets, and threatened global economic stability. In response to the pandemic, the United States government has responded with the most significant economic stimulus package in history called the Coronavirus Aid,