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Replacing Pay with Equity to Preserve Cash in a COVID Economy

As pandemic effects linger, companies intent on avoiding layoffs are looking at compensating workers with equity in lieu of cash as part of their pay. In August 2020, the United Kingdom began winding down its Coronavirus...more

The CARES Act’s Paycheck Protection Loan Program for Smaller and Specially Qualified Businesses

On March 27, 2020, the President signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act (the “Act”). The purpose of the Act is to provide emergency assistance for individuals, families, and businesses affected...more

Historic US Disaster Relief Legislation in Response to COVID-19 Crisis Will Have a Significant Impact on Companies and Their...

The novel coronavirus referred to as SARS-CoV-2 and the disease that the virus causes (“COVID-19”) has created significant challenges for companies and employees across the United States as quarantine, self-isolation, and...more

FAQs on SBA's Interim Final Rules on the Paycheck Protection Program

One of the most highly anticipated elements of relief in the CARES Act is the partially forgivable payroll protection loan for small business....On April 2, 2020, the US Small Business Administration (SBA) issued interim...more

Congress Passes $2.2 Trillion COVID-19 Stimulus Bill

On Friday, March 27, 2020, the U.S. House of Representatives voted to approve the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) submitted by the Senate, and President Trump just signed the bill.The bill...more

FAQs on the Paycheck Protection Program (PPP) under the CARES Act for Small Business, Friends and Neighbors

What is a PPP loan? On Friday, March 27, 2020, the President signed the CARES Act into law. The bill provides for $2.2 trillion in emergency aid to ease the financial impact of the COVID-19 crisis, including $349 billion...more

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