The Kansas City Business Journal quoted Braden Perry, among other experts, in an article on the phasing out rate-setting LIBOR and the impact it could have on lenders and borrowers. The London Interbank Offered Rate (LIBOR) is a standard benchmark that determines interest rates for more than $200 trillion of loans in the United States.
Without looking it up, most people might guess that the Federal Motor Carrier Safety regulations (“FMCSRs”) apply only to companies operating 18 wheelers and large passenger buses. Those guesses would be wrong. The FMCSRs apply to all businesses with at least one “commercial motor vehicle” (“CMV”) under its operation. Though there are multiple definitions of
PPP fraud in the billions: Loans over $2 million subject to scrutiny By Braden Perry – Partner and Attorney, Kennyhertz Perry https://www.bizjournals.com/kansascity/news/2020/09/28/ppp-loans-over-2-million-subject-to-scrutiny.html To date, the government has provided over $525 billion in relief through more than 5.2 million loans under the Paycheck Protection Program (PPP). The PPP was part of the Coronavirus Aid, Relief, and Economic Security (CARES)
Braden Perry, among other experts, was quoted in The Legal Examiner on the current CARES Act fraud in connection to the COVID-19 crisis. Small business owners worry as Congress works to root out CARES Act fraud connected to billions in business loans awarded during the recent pandemic. Investigations are heating up as they examine which
When assessing business financing options, there is one solution that has been growing in popularity over the last few years. John Kennyhertz, a Kansas City business attorney, addresses the benefits of convertible notes and how it works to provide funding for a business. With security and payment terms, convertible notes give investors the ability to
As many small businesses pass or approach the end of their original 8-week PPP loan forgiveness period, new legislation and SBA rules may assist some small businesses in maximizing their PPP loan forgiveness. The following are just a few of the highlights from the new legislation and corresponding SBA rules that relate to loan forgiveness:
The Kansas City Business Journal highlights Braden Perry, among other experts, in an article on Paycheck Protection Programs (PPP) loans and compliance. If PPP loan recipients do not follow the compliance guidelines, they must be repaid in full in no less than two years. However, the rules of compliance are ever-changing. “Braden Perry, a partner at
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”
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
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