Category Archives: news


12

Jun 2020

PPP FUNDS STILL LEFT, BUT DON’T WAIT… PPP ENDS JUNE 30, 2020!

Hard to believe, but there is still about $130 billion left in the PPP program. Updated guidance by the SBA/Treasury removes much of the uncertainty and makes the program a definite win for small businesses. The recently revised guidance makes it clear that: 1. Good faith certification of need is PRESUMED for loans less than 2 million dollars. BEFORE: Previously substantial uncertainty about the good…

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09

Jun 2020

Updated PPP Guidance Coming Soon

Yesterday Treasury Secretary Mnuchin and SBA Administrator Jovita Carranza issued a joint statement regarding the imminent release of updated guidance. Although we are awaiting the release of the full guidance, at this point we know: 1. THE LAST DATE ON WHICH A PPP LOAN APPLICATION CAN BE SUBMITTED TO A LENDER IS JUNE 30, 2020. AFTER THAT DATE, NO PPP LOAN APPLICATIONS WILL BE ACCEPTED!!!!!…

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27

Mar 2020

MONEY FOR NOTHING AND CHECKS FOR FREE!!!

As part of the stimulus package relief, businesses with fewer than 500 employees are eligible for up $10 million dollars in loans, which can be used for payroll and other expenses, like insurance premiums, mortgages, rent or utilities. The federal government has allocated $370 billion for this program. SO LONG AS THE COMPANIES EITHER: (1) DO NOT LAY OFF WORKERS; or (2) REHIRE THE ONES…

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23

Mar 2020

Tax Day Extended to July 15th!

Last week I shared with you Treasury’s and the IRS’ decision to extend the PAYMENT date for 2019 federal income taxes to July 15 as a result of COVID-19. This means payments for 2019 federal income taxes will be timely if paid by July 15, not the normal deadline of April 15. This also means penalties and interest will not begin to accrue until July…

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19

Mar 2020

UPDATE – SBA Economic Injury Disaster Loans – COVID-19 Crisis

UPDATE!!! – North Carolina has just been approved for SBA Economic Injury Disaster Loans. Economic Injury Disaster Loans (EIDL) are loans guaranteed by the SBA available to businesses, profit and non-profit. Eligibility depends upon whether the business is located in a federal disaster declaration area. Businesses can apply for an EIDL of up to two million dollars for secured loans and $25,000.00 for unsecured loans….

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24

Oct 2019

November 7th Seminar Postponed

The seminar “Planning for the Worst and Hoping for the Best: Asset Protection Strategies for Business and Estates” has been postponed.  A scheduling conflict has arisen for presenting partner Scott K. Tippett, requiring a court appearance in Charlotte that day.  We apologize for the inconvenience and will announce the rescheduled date when it is confirmed.


16

Oct 2019

Greensboro Law Firm Presents Seminar on Asset Protection for Business and Estates

Scott K. Tippett, a partner with Hagan Barrett, PLLC, will present “Planning for the Worst and Hoping for the Best: Asset Protection Strategies for Business and Estates,” on November 7 from 4:30 to 6:30 pm in the White Oak Room of the Proximity Hotel at 704 Green Valley Road in Greensboro. Refreshments will be served, and CLE credit is available. The seminar is free, but…

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02

Oct 2019

Hagan Barrett Partner Presents Tax Seminar

Scott K. Tippett, a partner with Hagan Barrett, PLLC, will present “Tax Savings Structures and Strategies” during a full-day seminar, “Business Acquisition from Start to Finish,” offered by the National Business Institute as continuing legal education for professionals on December 16 at the Holiday Inn Raleigh North-Midtown. Tippett, who specializes in complex tax, business, and civil litigation, will address a range of issues including tax-efficient…

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15

Aug 2019

Greensboro Attorneys Receive National Peer Recognition

Two partners with Hagan Barrett PLLC, of Greensboro, NC, are included in the “Best Lawyers in America” 2020 Edition as a result of exceptionally high ratings by their peers in their areas of legal expertise, ethics, and professionalism.  Charles “Chip” T. Hagan III was recognized for his work in the areas of Business Organizations (Including LLCs and Partnerships), Closely Held Companies and Family Business Law,…

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01

Jul 2019

Announcing New Partner : Thomas E. Medlin, Jr

Hagan Barrett PLLC  announced that Thomas E. Medlin has joined the practice as a partner, effective July 1, 2019. “Tom’s extensive experience, most recently as a partner with Sparrow Dennis & Medlin, PA, adds significant breadth and depth to our firm in his areas of specialty including estate planning, commercial real estate, corporate and municipal law, and litigation. He has been a respected colleague for…

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