Business Law for Medical, Dental & Veterinary

Overview

From employment agreements . . . 
To starting, buying or selling a practice . . . 
To preparing for retirement . . .

We understand the unique challenges that health care professionals
face in a rapidly changing business and legal environment.

We represent physicians, dentists, veterinarians and other healthcare professionals in business and transactional matters. We provide sophisticated counsel on the many corporate, business, tax, and regulatory issues that arise in connection with the full range of transactions and business arrangements they enter into over the course of their careers. 

Our areas of expertise include:

  • Acquisitions and Sales
  • Succession Planning
  • Joint Ventures
  • Choice of Entity/Formation
  • Limited Liability Company Agreements
  • Buy/Sell Agreements
  • Contract Negotiation
  • Financing
  • Employment Agreements 
  • Immigration
  • Lease Review and Negotiation
  • Space Sharing Arrangements
  • Regulatory Compliance
  • IT Contracting
  • Tax Planning
  • Partners/Shareholder Disputes

Name
Title
Contact
Philip M. Bogart
Partner
Emailpbogart@whitefordlaw.com
410.347.8710

Client Alert: Recent SBA Guidance Allows Partnerships to Increase PPP Loan Amounts to Cover Partner Compensation If Not Included in Original PPP Application

In the early days of the PPP, there was some confusion regarding the ability of a partnership (or an LLC taxed as a partnership) to include the compensation of the partners in the original loan amount, as partners’ compensation is not W-2 income.  Subsequently, on April 14, 2020, the SBA provided guidance allowing partners’ compensation to be included in the PPP loan amount based on an annualized amount not exceeding $100,000.

What happens to the partnerships that applied for the PPP without the benefit of that SBA guidance allowing a partner’s income to be included in the PPP loan amount?  The most recent SBA guidance released May 14 allows these partnerships to apply for an increase to their PPP Loan.