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Guide to Buying and Selling a Business

By Gordon W. Prince, Esq. Whether you are selling a business as you prepare for retirement, or are acquiring a new business to grow your current operations, there are numerous items for the seller and buyer to address, regardless of…

Gordon W. Prince

Change-In-Ownership Guidance for PPP Borrowers and Lenders

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.
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New PPP Loan Forgiveness Applications Issued

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…

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