COVID-19 & the Paycheck Protection Program
Agenda
Tuesday, May 5, 2020, 11:00 am – 12:00 pm CDT
Coronavirus: Issues Facing Small Businesses
Existing contracts: force majeure
Insurance issues: business interruption
Government assistance
Payroll Protection Program (PPP)
Purpose of PPP
How does it work
Eligibility
Size: small business
• <500 employees
• Revenue for certain NAICS
Non-profits
Legal entities: 20% rule
Others
• Sole proprietors
• Independent contractors
• “Eligible self-employed individuals”
Terms of the Loan
Percent
Term
Forgiveness
Use of Proceeds
Payroll
Overhead
Application Process (10 min)
SBA lenders
Application
Calculation
Certifications
• Debarment
• Default on other government loans
• Affiliates
Further information form lending institution
Application addendum and template
Closing and Funding
Commercial loan terms
Forgiveness
Questions/review
Webinar Instructions
All attendees must log-on through their own email – attendees may not watch together if they wish to earn continuing education credit. HalfMoon Education Inc. must be able to prove attendance if either the attendee or HalfMoon Education Inc. is audited.
Certificates of completion can be downloaded in PDF form upon passing a short quiz. A link to the quiz will be sent to each qualifying attendee immediately after the webinar. The certificate can be downloaded from the Results page of the quiz upon scoring 80% or higher.
Webinars are presented via GoToWebinar, an easy-to-use application that can be run on most systems and tablets. Instructions and login information will be provided in an email sent close to the date of the webinar. It is highly recommended that you download, install and test the application before the webinar begins by clicking on the link in the email.
GoToWebinar App requirements:
Windows 7 – 10 or Mac OSX Mavericks (10.9) – macOS Catalina (10.15)
Web Browser:
The two most recent version of the following browsers:
Google Chrome, Mozilla Firefox, Apple Safari, Microsoft Edge
Internet Explorer v11 (or later) with Flash enabled
Internet connection: Minimum of 1Mbps Hardware: 2GB RAM or more
For more information, visit the Support section at www.gotowebinar.com.
Credits
Accountants
1.0 CPE Hour
Attorneys
1.0 California CLE Hour
1.0 New York CLE Hour
1.0 Arizona CLE Hour
1.0 New Hampshire CLE Hour
1.0 Vermont CLE Hour
Continuing Education Credit Information
Due to the sudden economic disruption caused by the coronavirus and timeliness of this information, HalfMoon Education is unable to secure attorney CLE credits in most states. However, attorneys licensed in many states are permitted to seek CLE approval after the presentations take place. Refer to specific state rules or licensing board officials to determine eligibility. Contact HalfMoon Education if assistance is needed to apply.
HalfMoon Education Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org. Sponsor No. 103015.
Speakers
Keith Rosten
Berliner Corcoran & Rowe LLP
Mr. Rosten represents small and medium-sized businesses in various business transactions. With a broad-based expertise that includes business formation, corporate and government contracting, Mr. Rosten understands small business, startups, nonprofits and government contractors. Before joining the firm, Mr. Rosten ran a startup government contracting firm for renewable energy products before selling the company to a private equity firm. His business experience also includes managing a successful real estate investment company. He has experienced both the legal and business sides of running a small business.