The SBA CARES Paycheck Protection Program (“PPP”) has evolved quite a bit since it was passed into law just one week ago. After providing preliminary rules and guidelines earlier this week, the Small Business Administration (“SBA”) issued its interim final rules yesterday afternoon April 2nd. Here are some of the big changes reflected in these
Thrive Global is a website designed to advice Marijuana-Related Businesses (“MRB’s”) on up and coming technology advances, such as Blockchain. Kennyhertz Perry partner, Braden Perry, is an expert in representing clients in MRB’s. Perry shares his story, and his expertise in counseling MRB clients as investors, on the financial side, financial institutions and innovation in
With COVID-19 causing serious disruption to US businesses, a number of programs have been created to assist small businesses with their ongoing expenses. Below is a summary of two loan programs that all small businesses should consider: the CARES Paycheck Protection Program and SBA Economic Injury Disaster Loans. Please reach out to us if you
The Coronavirus Stimulus Bill, which was passed by the Senate and expected to be passed by the House today and signed by President Trump into law, will provide struggling small businesses with another method for seeking loans related to economic injuries from the COVID-19 pandemic. The Coronavirus Stimulus bill allocates $349 billion to the Small
Executive Summary: The primary focus right now is on health and safety. But when the pandemic ends or slows there will be many commercial claims – disputes about the non-delivery of goods and services. This blog suggests that businesspersons should first consider their attitude in approaching such problems. Times like this call for a certain
In the 2016, two Russian companies were prosecuted for their alleged interference in the U.S. presidential election. Robert Mueller originally filed the case, which has now been dismissed by U.S. District Judge Dabney L. Friedrich. The dismissal has raised a number of additional questions. White collar expert, Braden Perry, is highlighted in Law360’s article on
Kansas City Missouri has added an online FAQ regarding its recent “Stay At Home” Order. In addition to general details about the “Stay At Home” Order itself, many of the questions focus on whether certain types of businesses are considered essential or non-essential. This FAQ provides additional context regarding the identification of “essential” businesses that
Although the coronavirus has forced state legislatures to focus on bigger issues, bills in Colorado and Florida that will allows college athletes in those states to profit from their names, images, and likenesses (NILs) continued to move forward. In Colorado, the governor signed that state’s NIL bill into law on March 20, 2020. The state
The Consumer Data Privacy and Security Act is a bill by Kansas Republican Sen. Jerry Moran, one of the many privacy bills in Congress right now. If the bill is passed, it would add 440 employees to the FTC’s 1,000-plus workforce. Kennyhertz Perry partner, Braden Perry, is featured in a Washington Examiner article discussing Moran’s
On March 17, 2020, Treasury Secretary Steve Mnuchin announced that the deadline to pay taxes due April 15, 2020, for certain taxpayers would be extended by ninety (90) days until July 15, 2020. On March 18, 2020, the IRS issued Notice 2020-17 that provided an extension until July 15, 2020, for certain individuals who owe
The SBA has officially declared disasters related to COVID-19 in Missouri and Kansas. These declarations are statewide—meaning that qualified small businesses throughout the entire states of Missouri and Kansas can now apply for Economy Injury Disaster Loans. These SBA loans are intended to help small businesses meet their ordinary and necessary financial obligations that cannot
On March 17, 2020, Treasury Secretary Steve Mnuchin announced that the deadline to pay taxes due April 15, 2020, for certain taxpayers would be extended by ninety (90) days until July 15, 2020. On March 18, 2020, the IRS issued Notice 2020-17 that provided an extension until July 15, 2020, for individuals who owe up
