A recent decision by the Eleventh Circuit Court of Appeals highlights the danger of mixing business and personal funds. In In re Tomberlin (USCA11 Case: 2010776)(presently unpublished until the time to request rehearing has expired), the Eleventh Circuit held that…
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…
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…
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…
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…
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…
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. …
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…
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…
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”…
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…
Discretionary trusts just received another endorsement. Last Friday The Nine, otherwise known as the United States Supreme Court, gave discretionary trusts a big boost with the Court’s ruling in North Carolina Dept. of Revenue vs. Kimberly Rice Kaestner 1992 Family…
