SBA Liquidity Assistance for Businesses – In the Form of Forgivable Loans and Non-Forgivable Disaster Loans

On March 27, 2020, the U.S. House of Representatives passed the COVID-19 stimulus bill, known as the Coronavirus Aid, Relief, and Economic Security (CARES) Act (H.R. 748), which provides much needed assistance for small businesses. The Paycheck Protection Program is...

Exit Planning: A Tale of Two Companies

Estella Havisham and Abel Magwitch each founded construction companies as C corporations in the mid-1980s, in similar but non-competing markets. In the early 2000s, Estella and Abel each decided that they wanted to retire and exit their businesses by 2010. In 2002,...