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
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
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.
The Era of Corona Contract Law is Coming: Negotiating in the Shadow of Force Majeure, Impossibility, Impracticality.
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
The Small Business Administration is Now Accepting Applications from Small Businesses in Missouri and Kansas for Emergency Loans Related to COVID-19
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
The Early Bird Gets the Worm: Small Businesses Intending to Seek SBA Disaster Assistance Loans Should Start that Process Now
The governors of Missouri and Kansas are working hard to establish disaster assistance programs to help small businesses obtain SBA loans for economic injuries caused by COVID-19. We anticipate these declarations will be made any day. Once those declarations are made, the SBA will accept statewide applications for SBA loans. However, there is no
What the COVID-19 Federal Emergency Paid Leave Law Means for Missouri and Kansas Employers, Especially in Light of Local School Closures.
Missouri and Kansas employers are grappling with many issues related to their employees and COVID-19. These issues have likely been compounded by the recent statewide order in Kansas to close all schools for the remainder of the year and the consequential uncertainty that this presents to those employees with children. Though Missouri has not taken
Kansas Governor Laura Kelly has issued an executive order immediately staying the initiation of all new evictions and foreclosures. The declaration provides in pertinent part: “I hereby direct and order all financial institutions operating in Kansas to temporarily suspend the initiation of any mortgage foreclosure efforts or judicial proceedings and any commercial or residential eviction
Missouri and Kansas Lag Behind on Seeking a Small Business Administration Emergency Loan Disaster Program for COVID-19
Last week, the Administrator of the federal Small Business Administration (“SBA”) issued a statement that the SBA would work with state governors to provide targeted, low-interest disaster recovery loans to small businesses that have been severely impacted by COVID-19. Disaster declarations have already been made for parts of California, Washington, Idaho, Oregon, Maine, New Hampshire,
For small and medium-sized businesses in the Kansas City metropolitan area, the current economic and political landscape regarding COVID-19 is presenting unique problems and extreme financial challenges. This likely includes concerns about maintaining adequate cash flow and handling employee expectations, safety, workloads, and compensation. Of course, the unique issues certainly do not end there during
Join Kennyhertz Perry Attorneys Jon Dedon and Benjamin Tompkins for their presentation Medical Marijuana Law In Missouri: A Comprehensive Overview of Medical Marijuana Legal Issues.