Congress Passes Favorable Amendments to the Payroll Protection Program

Policy, Firm Articles, Labor and Employment, COVID-19, Healthcare

The Payroll Protection Program (“PPP”) continues to be revised in ways that are favorable to physician practices and other small businesses.  In May, amidst growing uncertainty about whether businesses that took out loans under the PPP would be subject to second-guessing regarding their certification as to their need for the loans, the SBA and Department…

CARES Act – Paycheck Protection Program Loan

Policy, Firm Articles, Labor and Employment, COVID-19, Healthcare

On Friday, March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) in response to the COVID-19 pandemic.  The CARES Act includes a forgivable small business loan program: the Paycheck Protection Program (PPP).  Under the PPP loan program, forgivable loans of up to $10 million will be available…

Hidden Risks for LLC Members Under the New Arizona Limited Liability Company Act

Arizona Laws, Policy, Firm Articles, Labor and Employment, Healthcare, Business and Corporate

If you are a member or manager of an Arizona limited liability company (or professional limited liability company), your obligations may be significantly expanded under a law that begins to take effect as early as August of 2019.  This article summarizes the impact of the new law relating to fiduciary duties of members and managers,…