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Category Archives: Business Law

The Expanded Employee Retention Credit: What Employers Should Know

By MendenFreiman LLP |

The Consolidated Appropriations Act of 2021 modified the Employee Retention Credit (ERC) in order to extend its availability, increase its value, and expand eligibility requirements. Many key changes apply retroactively to 2020. The most significant and beneficial modifications include the following: Retroactively making PPP loan recipients eligible for the credit in 2020 and 2021… Read More »

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Paycheck Protection Program Round Two

By MendenFreiman LLP |

In late December 2020, Congress authorized a second round of Paycheck Protection Program (PPP) loans, with funding available to qualified first-time borrowers and borrowers who received a loan during the PPP first round. Nearly all community and institutional lenders have now opened their loan application process, and new PPP loans will be available through… Read More »

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New Law Clarifies and Expands CARES Act Employee Retention Credit

By MendenFreiman LLP |

On December 27, 2020, President Donald Trump signed into law the $900 billion COVID-19 relief bill passed by Congress on December 21, 2020. The legislation (Consolidated Appropriations Act, 2021), adds $300 to extended weekly unemployment benefits and provides more than $300 billion in aid for small businesses. One provision permits employers to retroactively claim… Read More »

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The Importance of Succession Planning

By MendenFreiman LLP |

Ownership of a business often represents years of hard work and entrepreneurial skills. However, even the most astute business owners are often unfamiliar with the complexities and levels of preparation that must go into a successful succession strategy. Whether you are contemplating transferring your business interest to family members or selling to current management… Read More »

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The New Paycheck Protection Program: What Business Owners Need to Know

By MendenFreiman LLP |

On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”). Among its many provisions, the CARES Act authorizes the Paycheck Protection Program (the “PPP”), which will provide economic aid to small businesses and certain other employers to cover the capital costs of retaining employees and maintaining… Read More »

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The New Federal Paid Sick Leave Law: What Business Owners Need to Know

By MendenFreiman LLP |

On March 18, President Trump signed into law the Families First Coronavirus Response Act (the “Act”). Among the many provisions of the Act, it provides for paid family and sick leave for employees that are unable to work, due to sickness, quarantine orders, or school closures, as a result of the coronavirus outbreak and… Read More »

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COVID-19: What Business Owners Need to Know

By MendenFreiman LLP |

While people have widely adopted social distancing and self-quarantining to an extent unknown in recent times, this interruption to daily life is rapidly being felt across industries and companies of all sizes with no clear indication of when business will return to normal. Below is an overview of some of the business issues facing our… Read More »

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REMINDER: Annual Registrations Due to Georgia Secretary of State by April 1, 2020

By MendenFreiman LLP |

All entities formed or registered to do business in the State of Georgia must file an annual registration with the Secretary of State (between January 1st and April 1st of each year) in order to remain in good standing. Filing the annual registration generally provides a current record of an entity’s management structure, correct… Read More »

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The Impact of a Business Partner’s Divorce

By MendenFreiman LLP |

Maintaining good relationships with business partners and other key personnel in a company is essential to smooth and effective operation and avoiding potential business law issues. For business partners and executives, a marital divorce among this group can detrimentally affect business operations. Advanced planning by the business and its owners is vital. Effective planning… Read More »

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Legal Strategies for Managing Board and Shareholder Disputes

By MendenFreiman LLP |

Corporate directors and shareholders want their company to succeed to the fullest extent possible in a harmonious manner, an achievement equally borne of business savvy and sound business law practices. The vision and path for how to reach this place though can diverge greatly and lead directors and shareholders into complicated, heated disputes over… Read More »

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