Month: April 2020

PPP Loans and Forgiveness as An Independent Contractor/Sole Proprietor

Just the Facts: Everything you Need to Know About PPP Loans and Forgiveness as An Independent Contractor/Sole Proprietor

Do you qualify for a PPP Loan if you are an Independent Contractor or Sole Proprietor? For an individual with Self-Employment Income who files a Form 1040, Schedule C to be eligible for a Payroll Protection Program (PPP Loan), it must meet the following requirements: In operation on February 15, 2020; An individual who is …

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How to Get the Maximum Amount of Loan Forgiveness

Paycheck Protection Program: Maximizing the Amount of Loan Forgiveness [1]

As the “Paycheck Protection Program” (“PPP”) was put into action, it brought with it, anxiety for multiple businesses. This anxiety is the result of the PPP’s confusing language, and lack of any clarifying guidance able to untangle it. Worse off, businesses were left to apply for shelter in an unprepared banking system only to find …

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Main Street New Loan Facility

Effective April 9, 20201 Program: The Main Street New Loan Facility (“Facility”), which has been authorized under section 13(3) of the Federal Reserve Act, is intended to facilitate lending to small and medium-sized businesses by Eligible Lenders. Under the Facility and the Main Street Expanded Loan Facility (“MSELF”), a Federal Reserve Bank (“Reserve Bank”) will …

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The Duties of a Promoter

There are many actions that have to be undertaken prior to a corporation coming to life. One of the most important aspects of incorporation is the role of promoters. Promoters are individuals who take the initiative in founding and organizing the business or enterprise. They are needed to raise capital, enter contracts, and ensure an …

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Trembly Law Firm Successfully Prevents Law Firm Former Employer From Harassing an Attorney Former Employee

Trembly Law Firm Successfully Prevents Law Firm Former Employer From Harassing an Attorney Former Employee When Managing Partner, Christian E. Rodriguez, first heard the story, he knew he had to help this fellow member of the Florida Bar. A former attorney employee (“former employee”) at a local firm had been subpoenaed to testify at deposition …

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