May 4, 2020By Curry Sexton
The Economic
Development Council of Kansas City (EDCKC), in partnership with the City of
Kansas City, Missouri (KCMO), recently announced that it is now accepting loan
applications to help ease some of the financial burden imposed upon small
businesses by […]
May 4, 2020
By Heath Hoobing & John Fuchs
On May 1, 2020, the Internal Revenue Service announced that business
expenses paid with a forgiven federal Small Business Act (SBA) loan are not
deductible. As we reported in a previous
post, the federal CARES Act […]
By Curry SextonApril 30, 2020
Mayor Quinton Lucas announced a plan Wednesday for a phased reopening
of Kansas City businesses and institutions that have been closed down during
the COVID-19 pandemic and related emergency order. Under the plan, a new
emergency order (the “Order”) […]
April 30, 2020By Curry Sexton and Greg Whiston
The NCAA Board of Governors announced Wednesday that it supports rule changes that would enable student-athletes to receive compensation for third-party endorsements, social media influencing, personal appearances, and other promotions that are both […]
By: John Fuchs, Bailie Schnackenberg, and Char Heins
April 29, 2020
Recent publicity regarding large business entities obtaining millions of dollars in Paycheck Protection Program (“PPP”) loans has resulted in additional guidance from the Department of Treasury and the Small Business Administration […]
April 28, 2020
By Mark Opara and Emily Crane
On
March 27, 2020, President Trump signed the Coronavirus
Aid, Relief, and Economic Security Act (“CARES Act”) into law, allocating $100
billion in funding for eligible healthcare providers. Of this $100 billion, now
known as the CARES […]
April 16, 2020By John Fuchs, Bailie Schnackenberg, and Char Heins
All Paycheck Protection (PPP) loan applicants should be aware that PPP loan documents vary by lender. Some lenders are including language in their promissory notes that appear to create joint […]
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