Corporate & Business Archives - Page 2 of 5

Articles Corporate & BusinessNew City of Cambridge Zoning Ordinances Could Have Potential Impact on Developers Throughout New England

December 14, 2022

On October 24, 2022, the City of Cambridge, Massachusetts amended its zoning code to abolish all minimum parking requirements. Previously, the Cambridge regulation required all new multi-family residential developments to have at least one off-street parking space per unit. The Cambridge City Council’s amendment eliminated this requirement for all multi-family developments comprised of more than...

Cannabis Client Alerts Corporate & BusinessMarijuana Is Now Legal In Rhode Island!!!

May 26, 2022

With a stroke of his pen on Wednesday, Governor McKee signed the bill that dramatically changes the landscape for marijuana cultivation, possession, sale and use in Rhode Island. Many of the changes are effective immediately. There have been many failed attempts at such legislation over the past decade, but momentum has grown over the past...

Cannabis Client Alerts Corporate & BusinessIs Legal Adult-Use Cannabis Finally Coming to RI in 2022?

January 27, 2022

Rhode Island House Speaker Joe Shekarchi seems to think so. While he has been quoted in local media saying that while the legislature is “still not there” on a final product, he is at least ready to say that “we’ve worked down to almost one issue that’s left.” That specific issue, it seems, is who...

Client Alerts Corporate & BusinessSBA Provides New Guidance on Loan Necessity Questionnaires for PPP Loan Recipients: Prepare Now or Risk Being Denied Forgiveness

December 11, 2020

On December 9, 2020, the Small Business Administration (the “SBA”) released Paycheck Protection Program (“PPP”) Loans FAQ #53, which provides additional information regarding the Loan Necessity Questionnaires (SBA Forms 3509 or 3510) that will be required for all PPP borrowers that, together with their affiliates, received loans of $2 million or more. The SBA is requiring that these...

Client Alerts Corporate & BusinessGovernor Raimondo Announces Grants Available for Businesses Affected by Early Shutdown Order

November 11, 2020

Governor Gina Raimondo has announced a Coronavirus Relief Fund grant program for Rhode Island businesses affected by Executive Order 20-95, which requires an early shutdown for certain bars and restaurants. Under the Executive Order, for at least two weeks, effective on Sunday, November 8, 2020, all restaurants and bars must end service at 10:00 p.m. on...

Client Alerts Corporate & BusinessSBA Announces Loan Necessity Questionnaires for PPP Loans of $2 Million or Greater

November 10, 2020

The Small Business Administration has announced in the Federal Register the release of two proposed questionnaires for recipients of Paycheck Protection Program (PPP) loans of $2 million or greater. One questionnaire will collect information from for-profit borrowers, and the other questionnaire is for non-profits. The questionnaires have not been posted to the SBA’s website but...

Client Alerts Corporate & BusinessScammers Obtain Fraudulent SBA Loans by Posing as Legitimate Companies

November 3, 2020

When tragedy hits, there are always nefarious people who will try to profit. The ongoing COVID-19 pandemic is no exception. There have been recent instances in which scammers have successfully used publicly available information of unsuspecting companies to fraudulently apply for Economic Injury Disaster Loans from the Small Business Administration (SBA). In one example, a...

Client Alerts Corporate & Business Employment & LaborSBA Issues Guidance on Treatment of PPP Loans in Mergers and Acquisitions

October 7, 2020

On October 2, 2020, the SBA issued guidance under a procedural notice (the “Notice”) providing information concerning the required procedures for changes of ownership of an entity that has received a Payroll Protection Program (“PPP”) loan (such entity, a “PPP Borrower”). Under the guidance, if a change of ownership occurs in a PPP Borrower, prior...

Articles Corporate & BusinessChange to Calculation of Wages for Commission-Based Employees

September 16, 2020

In an article which appears in this month’s issue of The Standard, PS&H Attorneys Brian Reilly and Brian Fishman discuss developments in Massachusetts’ law that could impact insurance companies with commission-only employees. In May 2019, the Massachusetts Supreme Judicial Court issued a decision interpreting the method for calculating overtime wages for Massachusetts commission-only employees. The article...

Client Alerts Corporate & BusinessSEC Adopts Changes to Accredited Investor Definition

August 27, 2020

On August 26, 2020, Jay Clayton, Chairman of the U.S. Securities and Exchange Commission (SEC), released a Statement on Modernization of the Accredited Investor Definition. This Statement reflects the SEC’s commitment to expanding the pool of eligible accredited investors. For over thirty years, the accredited investor test for individuals has been a binary test based...

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