Business Transactions

• COVID-19

  SBA Publishes Interim Final Rules for Payroll Protection Program

  • April 3, 2020
  • By Allen & Gooch

  On April 2, 2020, the Small Business Administration (“SBA“) issued the Interim Final Rules (the “Rules”) for the Payroll Protection Program (the “PPP”), which are found at 13 CFR Part 120, to outline Sections 1102 and 1106 of the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”). Although there is a possibility the […]

• COVID-19

  Business Interruption Insurance and the Coronavirus (COVID-19)

  • March 29, 2020
  • By Emile Joseph

  With the spread of COVID-19 in Louisiana, the governor has ordered business in Louisiana to close or greatly reduce operations. Many business owners have obtained insurance in order to protect their companies from losses associated with business interruptions. This coverage may be something you specifically requested, or may be included as part of your broader […]

• COVID-19

  Express Loan Changes Under the CARES Act

  • March 29, 2020
  • By Allen & Gooch

  The CARES Act is the recent legislation targeted to providing assistance to those impacted by COVID-19. The legislation includes changes to several existing programs including the existing SBA Express Loan program. While the specifics of the changes and administration of the program will become more clear in the coming weeks, there is some limited information […]

• COVID-19

  COVID-19 Resources for Small Businesses – Family First Coronavirus Response Act

  • March 20, 2020
  • By Allen & Gooch

  What does your Business Need to Know about the Family First Coronavirus Response Act? Family First Coronavirus Response Act (H.R. 6201) passed late yesterday related to paid leave policies for employers.  The law will take effect on April 2, 2020 and remain effective until December 31, 2020.  There are certain key employment provisions that employers […]

• COVID-19

  COVID-19 Resources for Small Businesses – Compliance with Employment Laws

  • March 20, 2020
  • By Allen & Gooch

  The Equal Employment Opportunity Commission (EEOC) recently released guidance to aid employers in navigating important questions regarding the COVID-19 pandemic.  The guidance addressed compliance with workplace related decisions impacting the Americans with Disabilities Act and the Rehabilitation Act.  The guidance from the EEOC answered the following critical questions for employers: How much information may an […]

• COVID-19

  Return of SBA 504 Debt Refinancing Loan Program

  • March 21, 2016
  • By Allen & Gooch

  A Return of SBA 504 Debt Refinancing Loan Program to Aid Development of Small Business SBA 504 Loan Program anticipated to begin mid-2016. Congress recently reinstated the Small Business Administration (SBA) 504 Debt Refinancing Loan Program. The program is expected to begin in three to four months and will allow businesses to refinance or renovate […]

• COVID-19

  Five Signs Your Business is Ready for the Next Generation

  • January 25, 2016
  • By Allen & Gooch

  Family businesses make up 80% of all U.S. businesses, and yet only 30% of these businesses successfully survive a transition to the next generation. Dwight Drake, Closely Held Enterprises 335 (2013). One key question that many family businesses face is whether the company will survive the transition to the next generation. Here are five signs […]

• COVID-19

  Trends in Private Equity: Hedge Funds Seek Permanent Capital

  • January 8, 2015
  • By Allen & Gooch
  

  Addressing the Problem of Redemption Rights Unlike private equity funds, hedge funds and hedge fund managers must worry about redemption rights — the right of an investor to have his or her capital investment returned. In times of economic downturn when investors may be nervous about a fund’s ability to perform, it is common for […]

• COVID-19

  Co-owned hunting land cannot be divided, leads to partition and public sale

  • November 5, 2014
  • By Allen & Gooch
  

  Earlier this year, the Louisiana Third Circuit Court of Appeal ruled that co-owned hunting land could not be divided up and therefore had to be sold at public auction. Broussard v. Stutes Farms, LLC, 13-1122 (La. App. 3 Cir. 3/5/14), 134 So. 3d 226. The case involved two co-owned tracts of property totaling 125 acres […]

• COVID-19

  Demystifying Term Sheets – The First Step for Closing the Deal

  • October 15, 2014
  • By Allen & Gooch
  

  So what is a Term Sheet, anyway? A term sheet is essentially an outline of a proposed transaction. This allows the parties to identify and agree (generally in a non-binding way) on the basic terms of the deal. Before the lawyers get involved to start papering the deal and performing due diligence, it is important […]