On October 2, 2020, the Small Business Administration (SBA) issued a much-awaited notice clarifying the procedures for change of ownership for entities that have received Paycheck Protection Program (PPP) funds. The SBA issued a Procedural Notice, detailing required procedures impacting PPP borrowers and lenders if: (i) twenty percent or more of the common stock or other ownership interest […]
Posted on
09.21.2020
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Nonprofit
Ohio’s new COVID immunity bill (H.B. 606) became law on Monday, September 14, 2020, and provides broad legal immunity to individuals, schools and businesses from claims in connection with COVID-19. Businesses cannot be liable to employees, patrons or others for claims related to the transmission, exposure and/or contraction of COVID-19. The new law applies to Ohio entities […]
Posted on
09.16.2020
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Real Estate
Leases often require business tenants to pay the real estate taxes for the premises. However, tenants do not have the right to challenge the property value(s) and amount of taxes if they are too high. A bill (Modify Property Tax Valuation Complaint Law – House Bill 751) recently introduced in the Ohio House of Representatives would permit business […]
Weston Hurd LLP is pleased to announce that eight attorneys have been selected for recognition in The Best Lawyers in America 2021, the only purely peer-review™ guide to the legal profession. According to Best Lawyers®, inclusion is based on “…a rigorous peer-review survey comprising more than 9.4 million confidential evaluations by top attorneys.” Congratulations to the following Weston […]
Posted on
08.05.2020
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Business,
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Congratulations Weston Hurd partner Matthew Miller on being named a member of the Cleveland Leadership Center‘s Cleveland Bridge Builders Class of 2021! According to the Cleveland Leadership Center, “Bridge Builders is a 10-month leadership program that ‘prepares mid-career professionals of all ages for meaningful, fulfilling and impactful engagement in the community.’” Matthew joins 58 people from the non-profit, for profit […]
On May 15, 2020, the U.S. Small Business Administration (SBA) announced its long-awaited forgiveness rules through the release of the PPP Loan Forgiveness Application. The application and accompanying instructions specify how loan recipients can apply for PPP loan forgiveness and allow companies to complete the detailed calculations to determine forgiveness amounts. The 11-page application package summarizes eligible and […]
On April 24, 2020, President Trump signed into law the Paycheck Protection Program and Health Care Enhancement Act. In relevant part, this Act increases by $310 billion the funds appropriated for the PPP established on March 27, 2020, by the CARES Act. The Small Business Administration (SBA) has announced that new loans under this second tranche of […]
Late last evening, in a bold response to the crisis currently facing our country, the Senate passed the nearly $2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act. This bill, known as Phase 3, is extremely beneficial for small business of all sizes and includes unique provisions to help provide liquidity and to help businesses […]