Discussion focusing on §1110 of the Coronavirus Aid, Relief, and Economic Security Act, also known as CARES Act. The section focuses on Economic Injury Disaster Loan (“EIDL”), which also contains a grant component for small businesses. EIDL is yet another package adopted by Congress designed to help small businesses to survive economic downturn caused by COVID-19. Application link is available at https://covid19relief.sba.gov/#/.
Discussion focusing on Sections 1102 & 1106 of the Coronavirus Aid, Relief, and Economic Security Act, also known as CARES Act. CARES Act Sec. 1102 covers essentials for obtaining loan under Paycheck Protection Program. CARES Act Sec. 1106 covers steps leading to forgiveness of the loan obtained under Paycheck Protection Program.
Discussion focusing on Sec. 2302 of the Coronavirus Aid, Relief, and Economic Security Act, also known as CARES Act. CARES Act Sec. 2302 Covers Delay of Payment of Employer Payroll Taxes.
Discussion focusing on Sec. 2301 of the Coronavirus Aid, Relief, and Economic Security Act, also known as CARES Act. CARES Act Sec. 2301 Covers Employee Retention Credit for Employers Subject to Closure Due to COVID-19.
Legal resource entities – Thomson Reuters and Walters Kluwer – launched free resource portal, which can be useful to practitioners. In addition to news updates related to specific area of law, these portals provide sample language and forms. Legal practitioners advising small businesses on payroll, loan, and financing issues, can find these portals especially useful. Here are the links: Thomson Reuters: https://uk.practicallaw.thomsonreuters.com/w-024-5087?transitionType=Default&contextData=(sc.Default)&firstPage=true&bhcp=1#co_anchor_a769721 Walters Kluwer: https://lrus.wolterskluwer.com/campaign/coronavirus-resources-tools-covid-19/ Thomson Reuters and Walters Kluwer, Thank You!
Treasury’s Office of Foreign Assets Control published a guideline for persons to petition for removal from Specially Designated Nationals (SDN) list. Persons that are on SDN list are generally proscribed from transacting business with U.S. persons. The link is below. https://www.treasury.gov/resource-center/sanctions/SDN-List/Pages/petitions.aspx