
Second Round PPP Loans
Both first-time borrowers and second-time borrowers may now apply for a loan from the Paycheck Protection Program (“PPP”)
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Asset Protection Planning for Vulnerable Professionals
Professionals are in an especially vulnerable position because New York law prohibits them from using an entity to shield liability for their own malpractice. This policy makes accountants, lawyers, doctors, architects, engineers, and other licensed practitioners prime targets for plaintiffs’ counsel. One wrong move could spell liability in excess of insurance limits, leading to seizure of personal assets and future income. With this existential peril looming over their heads, what should professionals do to protect themselves? This article describes some strategies that can help and considerations when implementing them.
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PPP Certification Opinions
Falcon Rappaport & Berkman PLLC is now offering PPP Certification Opinions for businesses that are seeking clarity as to whether their PPP Loan is truly “economically necessary,” or simply want peace of mind that when it comes time to seek PPP Loan forgiveness, their actions will be seen as taken in good faith and they won’t be left out in the dark with an unforgivable PPP Loan, or worse.
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FRB Partner Matthew Rappaport Quoted in the New York Times
FRB Partner Matthew Rappaport Quoted in the New York Times
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FRB Partner Matthew Rappaport Featured in The Real Deal
FRB Partner Matthew E. Rappaport, Esq., LL.M. was featured in The Real Deal regarding recent IRS guidance on 1031 swaps. “This notice is a stop-gap notice, is the way I see it,” Rappaport said. “This crisis is not over. This is not the last round of extension guidance the IRS is going to come out with.”
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New Title Policy Exceptions Due to Covid-19 Closures
By enacting Executive Order 202.8, New York State Governor Andrew Cuomo pressed pause on statutes of limitations and other litigation deadlines from on March 20, 2020 through April 19, 2020.
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Is Executive Order 202.8 a “Blanket Toll” on All New York State Court Deadlines?
By enacting Executive Order 202.8, New York State Governor Andrew Cuomo pressed pause on statutes of limitations and other litigation deadlines from on March 20, 2020 through April 19, 2020.
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