One of the best occurrences for anyone who works for a partnership, whether it be focused on engineering, finance, technology, or any other business, is the opportunity to become a partner in such company. This was generally such person’s main goal when joining the business, but there are many questions to be considered when considering
You are buying a business. You have begun negotiating with the seller and have agreed to a purchase price for the assets of the business and some general terms. Maybe your seller gives you an agreement to review or maybe you will have your attorney draft an agreement for you. Either way, you should require
The Small Business Administration (SBA) has approved $200 billion in disaster loans to 3.7 million borrowers since the COVID-19 Economic Injury Disaster Loan (EIDL) program began last year[1]. Unlike the forgivable loans made through the larger and more prominent Paycheck Protection Program (PPP Loans), the disaster loans must be paid back. But they
Right up there with labor, the leasing of commercial space is a huge cost for the typical business owner. Commercial space is expensive, and leases often run for five to seven years or more. The total lease obligation on even a modest commercial space can often run into the millions of dollars. And landlords typically
M&A deals have declined by 13% in the first half of 2020 compared to this point in 2019. The dollar value of deals has declined by 43% since last year at this time. Companies in today’s uncertain environment due to the Covid-19 pandemic, global economic uncertainty, the upcoming US election, and racial unrest, must find
These are uncertain times and COVID 19 has impacted all deal sectors.
The buying and selling of development land has not been spared from this uncertainty. Land development transactions often take years to close. Due diligence in these deals is centered around environmental testing, surveying, market analysis, and most importantly obtaining the necessary entitlements to
Application and purpose of PPP.
The goal of the Payroll Protection Program (PPP) is to allow businesses and their employees to weather this storm. The forgiveness provisions all relate to continuing employee payroll, and allowing businesses to pay rent/mortgages/utilities. This forgiveness program is not designed to help businesses buy new equipment or pay off existing
COVID-19 or the “Coronavirus” has forced all of us to act individually for the collective good but to think globally.
It has forced law firms, large and small, and clients, large and small, to adapt and to plan. We are all in this fight together, and new issues will arise everyday as the repercussions continue.
