Update April 21, 2020: Paycheck Protection Program Refunded Both the Economic Injury Disaster Loan and Paycheck Protection Program hit funding caps on Thursday, April 16. The Senate passed a $484 billion package on April 21 to inject additional funds into both programs. If you plan to apply for these new funds either through the PPP […]
Paycheck Protection Program Loans: New SBA Guidance Read More »
Last week, we responded to questions about the various provisions of the CARES Act, which were critical for businesses as they navigated the Paycheck Protection loan applications. This week, for our second installment of our Friday Mailbag series, we had two more great questions from clients who are still trying to figure out how their
Friday Mailbag: Business Value in a Crisis & Earn-Out v. Fixed-Price Sale Read More »
Guest Author, Matthew FitzGibbon, CBI, ASA Matthew FitzGibbon has a diverse background in business operations, transactions, and commercial real estate. He has a Certified Business Intermediary (CBI) designation from the IBBA and is an Accredited Senior Appraiser (ASA) in the American Society of Appraisers. He is also the President of FitzGibbon Alexander, Inc., a Central
How Will the Coronavirus Pandemic Affect the Value of My Business? Read More »
Update April 27, 2020: PPP Application Process Reopened Both the Economic Injury Disaster Loan and Paycheck Protection Program hit funding caps on Thursday, April 16. But a $484-billion funding package was passed on April 24 to inject additional funds into both programs. The SBA began accepting PPP loan applications again at 10:30 am on Monday,
Frequently Asked Questions about the Paycheck Protection Program Read More »
I like to think that lawyers are generally an intelligent group. Like doctors, they know their areas of expertise inside and out. This intelligence can occasionally have an unfortunate after-effect, though, wherein some lawyers get overconfident about their skills in areas outside of their knowledge base. In the 26 years I’ve spent facilitating business sales,
Two Critical Misconceptions about Internal Law Firm Transfers Read More »
If you’re a small firm owner or solo practitioner in your 50s or 60s, the time to plan your exit strategy is now. Every day you wait to start the process, is another lost opportunity to cash in on your biggest investment. One succession strategy available is the internal transfer. Many attorneys, in fact, believe
How It Works: The Internal Law Firm Transfer Read More »
Especially when cash flow is tight, partnering with another business to develop a co-branded product or service can be a lucrative way to locate untapped customers without having to shoulder the economic and creative burden all on your own. Properly planned and executed co-branding arrangements can be highly profitable for all parties involved. However, there
How to Avoid Common Co-Branding Legal Troubles Read More »
In the first ever episode of our Friday Mailbag Q&A series, we answer two interesting questions from our clients that we very pertinent to the economic and legal situation at hand. Our first question came from Hilda, who works in education and childcare. She asked: The stimulus package includes a significant expansion of unemployment benefits
Friday Mailbag: CARES Act, PPP Loans, & Unemployment Insurance Read More »
Update April 27, 2020: PPP Loan Applications Reopen Both the Economic Injury Disaster Loan and Paycheck Protection Program hit funding caps on Thursday, April 16, at which point they stopped processing applications. On April 24, a $484-billion funding package was passed to inject additional funds into both programs. Applications reopened for PPP loans on April
How to Apply for Vital SBA PPP & Economic Disaster Loans Read More »
When the economy slows down, companies have to get creative and start looking for new ways generate revenue. Some tactics simply allow a company to survive the downturn. Others, though, can actually put a business on track to thrive during a recession. One of these tried and true ways to locate untapped customers, is by
Leveraging Co-Branding to Thrive in a Recession Read More »
