New guidance reaffirms that partnerships (including LLCs) are eligible for PPP loans but clarifies that an individual partner in a partnership (or member of an LLC) may not submit a separate PPP loan application as a self-employed individual.
Read MoreEditor’s note: Amalie Tuffin, Frances-Ann Criffield and Ashley Pittman are attorneys at Hutchison PLLC. RALEIGH – On March 27, 2020, the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”) became law. We have already provided a summary of the provisions of the CARES Act relating to expanded small business loan opportunities. In this alert, we will summarize some key business tax relief and the relaxation of some qualified retirement plan rules to provide employees access to additional sources of funds during 2020. Summary of CARES Act Business Tax Relief The CARES Act provides a number of temporary changes which...
Read MoreThe Department of Labor has updated its Q&A page that we previously wrote about to answer many additional questions regarding the Families First Coronavirus Response Act. Here are highlights of this guidance.
Read MoreThis alert is intended to address some of the more common questions about the Payroll Protection Proram and the availability as well as eligibility for Small Business Administration loans.
Read MoreThe Department of Labor has issued new, user-friendly guidance regarding the requirements of the Families First Coronavirus Response Act. Here’s the latest update fro Hutchison PLLC.
Read MoreOn Wednesday, March 18, the Families First Coronavirus Response Act was passed into law. Here are the takeaways you need to know.
Read More
