Strauss Troy welcomes Stephen S. Schmidt, Daniel A. Hunt, Brian R. Tracy, and Ryan F. Hemmerle to the firm. Stephen S. Schmidt is a litigator and business advisor who focuses his practice in the areas of complex commercial litigation, construction litigation, employment litigation and tort law. Steve represents and advises clients across a variety of …Read More
News | Knowledge
Treasury releases simplified PPP form for loans of less than $50,000
Last night, the U.S. Treasury released a simplified form for loans less than $50,000, which should make PPP small loan forgiveness easier.
SBA Announces Restrictions on PPP Borrowers’ Mergers and Transfers of Assets or Ownership
On Friday, October 2, 2020, the U.S. Small Business Administration issued SBA Procedural Notice 5000-20057, which provides long-awaited guidance regarding pre-forgiveness restructures and ownership changes of borrowers under the Paycheck Protection Program.
Strauss Troy Attorney Brian Tracy selected for Board Orientation + Leadership Development program
The Leadership Council for Nonprofits has selected Strauss Troy attorney Brian R. Tracy to participate in its upcoming Board Orientation + Leadership Development (BOLD). The program, which helps train professionals to serve on nonprofit boards, serves as Greater Cincinnati’s leading nonprofit board training program with a goal of educating and empowering local leaders to serve boldly.
Strauss Troy acts as co-counsel for COVID-19 business interruption insurance claims
Strauss Troy has partnered with several law firms to act as co-counsel in evaluating insurance claims for loss of business income, also known as business interruption insurance.
Open for Business! Web resources for businesses reopening in Ohio or Kentucky
As businesses such as restaurants, salons, gyms, retail, and more slowly open up after months of being shut down or limited operations due to COVID-19, employers are looking for guidance in navigating the constantly evolving rules for maintaining safe and healthy workplaces. Strauss Troy attorney Theresa Nelson has curated a list of resources that business …Read More
PPP Frequently Asked Questions
On May 19, 2020, the Small Business Administration released a list of frequently asked questions for lenders and borrowers.
IRS changes to health and cafeteria
On May 12, 2020, the IRS released Notices 2020-29 and 2020-33 which together provided some relief from the restrictions regarding changes to health and cafeteria plan elections.
PPP Loan Forgiveness and Deductible Expenses
PPP loans are subject to forgiveness to the extent that a borrower uses PPP funds for payroll costs and certain mortgage interest, rent and utility obligations during the 8 week period following loan disbursement.
SBA Updates to Payroll Protection Program Rules
By: Michael L. Iannitti The SBA has continued to issue additional guidance for borrowers and lenders on the Payroll Protection Program (PPP). Since publishing its initial rules in early April, further clarification has slowly trickled out on the often vague provisions of the CARES Act. Perhaps most significantly, the SBA has clarified the circumstances in …Read More