Business Law Archives - Page 2 of 7 - Gawthrop Greenwood, Attorneys at Law, West Chester PA

Chester County Chamber of Business and Industry Announces Sandy Knapp as 2022 Female Business Leader of the Year

May 9, 2022
Gawthrop Greenwood

The Chester County Chamber of Business & Industry (CCCBI) is revealing the two women it will honor as 2022 Female Business Leader of the Year as well as 2022 Rising Star. Sandra L. Knapp, a partner at Gawthrop Greenwood, has…

Should a Fiduciary Tiptoe in the Crypto? Rules & Risks

March 11, 2022
Stephen J. Olsen

By Stephen J. Olsen, Esq. Over the last few years, Gawthrop Greenwood’s tax, trusts and estate practice has seen a significant increase in questions and issues related to cryptocurrencies and non-fungible tokens (“NFT”). (It is only a matter of time…

How President Biden’s Vaccine Mandate Impacts Businesses

September 14, 2021
Gordon W. Prince

In his latest effort to curb the spread of COVID-19, President Joe Biden announced new steps his administration would be taking that will have significant impacts on millions of employees and the businesses that employ them. Included in this announcement…

Cannabis Stocks Are a Growing Risk for Fiduciaries

June 8, 2021
Stephen J. Olsen

In 2021, most people can be forgiven for feeling as though investing in cannabis companies is completely legal and without risk. After all, the vast majority of states allow adult use, medical use, or at least some type of CBD…

Is Your Business Taking Advantage of Section 139 Disaster Relief Payments?

March 9, 2021
Stephen J. Olsen

As businesses continue to deal with the pandemic and look for ways to assist their employees, Section 139 payments are a great way to benefit both the employee and the employer.

New Pennsylvania Bill Aligns with Federal Tax Treatment of Forgiven PPP Loans

February 11, 2021
Gordon W. Prince

On February 5, 2021, Governor Wolf signed into law Act 1 of 2021 (SB 109), which, among other things, provides clarity and relief for Pennsylvanians who received Paycheck Protection Program (PPP) funds. It was made clear the forgiveness of a PPP loan will not result in Pennsylvania personal taxable income.

Change-In-Ownership Guidance for PPP Borrowers and Lenders

October 19, 2020
Gordon W. Prince

The latest information from the SBA, issued in Procedural Notice No. 5000-20057, has important implications for PPP recipients who have, are in the midst of, or are contemplating effecting a change in ownership of their entity. Of importance, certain changes of ownership will require the approval of the SBA, or, at the very least notice to the SBA.

Making a Campaign Contribution? Make Sure You’re Compliant

September 21, 2020
Gawthrop Greenwood

By Anthony T. Verwey -- As the political season continues the rush toward November, all businesses and their employees should be paying attention to recent reporting regarding “conduit” campaign contributions, which have the potential to put both parties in jeopardy.…

New PPP Loan Forgiveness Applications Issued

June 18, 2020
Gordon W. Prince

By Gordon W. Prince, Esq. In light of the newly executed Paycheck Protection Program Flexibility Act (the “Act”), discussed fully here, the SBA (in consultation with the U.S. Department of Treasury) issued a revised PPP loan forgiveness application, as well…

New Rules for Forgiveness in Paycheck Protection Program Reform Bill

June 5, 2020
Gawthrop Greenwood

By Gordon W. Prince, Esq. The Paycheck Protection Program Flexibility Act of 2020, a bill that focuses on easing restrictions on small businesses who will be seeking to have their PPP loans forgiven, has been signed into law by the…