Law Articles Archives - Page 3 of 8 - Gawthrop Greenwood, Attorneys at Law, West Chester PA

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 Ruling on Wind Farms and Coastwise Trade Laws in the U.S.

March 3, 2021
Sandra L. Knapp

On January 27, 2021, the U.S. Customs and Border Protection office issued a letter ruling regarding several scenarios related to wind farms and the coastwise trade laws of the United States. It is the first decision...

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.

Passage of the NDAA Provides Boost for U.S. Maritime Community

January 8, 2021
Gordon W. Prince

Congress has passed the National Defense Authorization Act (NDAA), which includes provisions that have implications for those in the maritime community. Most significantly, the NDAA settled inconsistent federal agency interpretations regarding...

New Law Legalizes Robotic Deliveries in Pennsylvania

December 7, 2020
Robert C. Jefferson, IV

Pennsylvania has a new law on the books that legalizes the use of Personal Delivery Devices, but municipalities are limited in the ways they can regulate such devices.

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.

Now You Know: Your Rights on Insurance Claims

August 12, 2020
John Rafferty

By John Rafferty — Nearly everyone who pays insurance premiums expects that when they submit a claim for a loss believed to be covered, the insurance company will, having been paid the premiums, cover the loss. Sometimes, when claims are denied,…

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…