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Updates to PPP under the Economic Aid Act

The Economic Aid Act, passed on December 27th, 2020, expanded the Paycheck Protection Program created by the CARES Act. The Economic Aid Act authorized $284 billion in new funds for first draw and second draw funds of PPP. The Small Business Administration (SBA) and U.S. Treasury have issued new guidance on how the changes will …

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Capital Basics: Five Categories of Financing

The Jason Wiener, p.c. blog has a significant and growing section on raising capital for a business. This post will go back to the basics and briefly describe the five categories of financing: debt, equity, convertible debt, grants, and rewards-based fundraising. Most types of fundraising fall within one or more of these areas. Debt: Debt …

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Black Lives Matter. Period.

Credit – LA Johnson/NPR Black Lives Matter and we stand in solidarity with the Movement for Black Lives.  Period. We stand with those taking to the streets to voice the collective pain from and intolerance of, as well as demand reform of police tactics that direct violence at Black people, Indigenous people, and People of …

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COVID-19: News and Resources Main Page

We know this is a highly unsettled and uncertain time. We are all grasping for clarity and comfort as we self-quarantine and check in (virtually) on loved ones and colleagues.  Know that our remote-first team is fully operational and here to support our clients in whatever way we can. We will be regularly compiling relevant …

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COVID-19: Paycheck Protection Program Loan

Last updated: August 13, 2020.  The Coronavirus Aid, Relief, and Economic Security Act (also known as the “CARES Act”) was enacted on March 27, 2020. A key program, the Paycheck Protection Program (PPP), is a loan designed to enable small and medium-sized businesses to keep workers paid and employed. The Department of Treasury and the …

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Employee Ownership Models

8/10 baby-boomer owned businesses has no succession plan. Nationally, less than 25% of businesses valued at less than $1M can find a buyer. We are living through the largest wealth transfer in human history. In this presentation, Jason Wiener explores the structures and mechanics of converting a small business to employee ownership. The presentation focuses …

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The New Trusts: Democratic Ownership Beyond the ESOP

This webinar on emerging explorations on trust structures—their promise and their problems features Nathan Schneider (University of Colorado Boulder), Christopher Michael (Christopher Michael P.C.), Camille Kerr (Upside Down Consulting), Derek Razo (Purpose Ventures), Sara Stephens (Sustainable Economies Law Center), and our very own Jason Wiener (Jason Wiener | p.c.). A new generation of lawyers, investors, …

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