It’s Time to Plan Your Business Exit Strategy
Posted by Tim Hilligoss and Ben Smith on March 15, 2022
Selling your business ownership stake at the right time – and for the right price – can be a challenge. To make matters even more uncertain, today’s buyers are more sophisticated than ever – especially with rising private equity influence. The earlier you start crafting an exit strategy, the better.
Understanding Transactions, Even if Your Business Isn’t for Sale
Posted by Tim Hilligoss on January 12, 2021
Selling your small business may not have been your focus in 2020 and may not be your focus in 2021, but planning ahead comes with huge advantages. Here are four things our team walks through with every client when we prepare for a deal.
PPP Update – Owner Compensation & Non-Payroll Costs
Posted by Tim Hilligoss on September 3, 2020
At the end of August, the SBA and Treasury issued an updated PPP Interim Final Rule which addresses forgiveness related to owner compensation and certain non-payroll costs.
PPP Loan Forgiveness FAQs
Posted by Tim Hilligoss and Sarah Russell on August 10, 2020
The COVID-19 pandemic caught many by surprise including business owners who were required to comply with forced business closures and others who experienced modified operating rules or dwindling demand.
More PPP Changes – New Forgiveness Applications
Posted by Tim Hilligoss on July 24, 2020
On June 17th, two streamlined PPP forgiveness applications were released including SBA Form 3508 and SBA Form 3508 EZ along with accompanying instruction guides. The new applications are designed to be borrower-friendly as they are less complex and much shorter than the original.
PPP Loan Forgiveness – New Details Available
Posted by Tim Hilligoss on May 27, 2020
Just as the Memorial Day weekend was about to kick off, the Small Business Administration (SBA) and Treasury published updates to the Paycheck Protection Program (PPP) Interim Final Rule (the Rule). The update, which was released late on May 22, 2020, provides important new details about the loan forgiveness process.
Documentation is Key as We Wait
Posted by Tim Hilligoss on May 13, 2020
How many of you remember the old ketchup commercial -- waiting for the ketchup pour to hit your hot dog or hamburger? Anticipation, an-ti-ci-pay-ay-tion…is making you wait.
PPP Forgiveness & Full Time Equivalents
Posted by Tim Hilligoss on May 5, 2020
Another day, another number. The number 40, to be specific. FAQ # 40 addresses one of the many PPP loan forgiveness questions: what happens if a laid off employee declines to come back to work? Will this affect your forgiven amount? The answer: no.
The IRS is the New Player with New Numbers in the PPP Loan Program
Posted by Tim Hilligoss on May 1, 2020
It’s all in the numbers. How many times have we heard this in our lives? Or, how about the numbers don’t lie? Well, maybe they don’t lie, but the numbers can - and do - change the playing field.
Tales From the Front: New Funding, Loan Forgiveness Ambiguities and…Giving the Money Back?
Posted by Tim Hilligoss on April 28, 2020
With round two of funding from phase 3.5, the Paycheck Protection Program and Health Care Enhancement Act ready for an SBA restart, businesses, and non-profit organizations will be divvying up a new pie...
Who Got What in the CARES Act Lending Program? Prepare for the Next Round of Funding!
Posted by Tim Hilligoss on April 22, 2020
The CARES Act loans caused a flurry of activity among SBA-approved banks and credit unions, as small businesses (the definition of which has irked many would-be borrowers) sought Paycheck Protection Program (PPP) and Economic Injury Disaster Loans (EIDL) under the CARES Act stimulus beginning on April 3.
International Business Tips
Posted by Tim Hilligoss on May 7, 2019
More and more companies today are venturing into the waters of international business. While the potential rewards of global trade are great, so are the potential risks.One of the biggest risks lies in not understanding the distinct cultural subtleties and nuances that exist from one country to the next.
Permanent Establishment in China
Posted by Tim Hilligoss and Nina Wang on March 13, 2018
In many cases, the owners of such foreign entities are not aware of PE concepts and as a result, the entities are subject to Chinese CIT liability.
Rules of the Road for International Business
Posted by Tim Hilligoss on February 27, 2012
More and more companies today are venturing into the waters of international business. While the potential rewards of global trade are great, so are the …
New Rules for Representative Offices of Foreign Enterprises in China
Posted by Tim Hilligoss on July 30, 2010
In view of the stricter administration of ROs, the limited business scope, and the increased tax costs brought about, foreign investors may need to revisit …