Category Business Transactions (3)

Webinar: COVID-19 and the Impact on Iowa Business: Guidance for Employers

[video width="1920" height="1080" mp4="" poster=""][/video]   Join BrownWinick attorneys and the President of Iowa Association of Business and Industry as they discuss... Read More

Employer Payroll Tax Credits for COVID-19

  Updated 4/1/2020 On March 18, 2020, President Trump signed the “Families First Coronavirus Response Act” into law. The law, which will go into effect on a date chosen by the Treasury Secretary (no later than April 2, 2020), creates two new federally-required employee benefits. BrownWinick has previously written about the new law in detail. The... Read More

Remote Notary Now an Option

  Iowa law requires a notary officer to acknowledge real estate documents that will be recorded, including deeds and mortgages. For years, the acknowledgement required the party signing the document to personally appear before a notary officer. Personal appearance did not include appearances that require video, optical, or similar technology.... Read More

Businesses in All 99 Iowa Counties Now Qualify for SBA Disaster Loans

  Effective Saturday, March 21, 2020, businesses in all 99 Iowa counties qualify for Small Business Administration (“SBA”) Economic Injury Distress Loans (the “Loans”).  The Loans are working capital only loans that are meant to help small businesses weather the ongoing Covid-19 crisis.  The credit requirements for the Loans are minimal and... Read More

SBA Offers Low Interest Federal Disaster Loans in Designated States

  UPDATE: On Saturday, March 21st, Governor Kim Reynold announced that the U.S. Small Business Administration (SBA) has issued a disaster declaration for the state of Iowa as of January 31, 2020 and continuing. The declaration allows pandemic-impacted small businesses to apply for low-interest support loans. The declaration comes after Iowa... Read More

Guidance on Tax Payments Following COVID-19 Outbreak

  UPDATE: 4/10/2020 Yesterday, the IRS announced it is expanding the scope of what returns and taxes are now due July 15, 2020 (similar to previous announcements below). The new deadline more broadly applies to taxpayers with a filing or payment deadline on or after April 15 and before July 15, whether that is an original or extended due date.... Read More

Is Your Business Protected Against Business Interruptions?

  COVID-19 has reminded businesses of the need to have plans for business interruption, contingency processes and procedures, and human resources and staffing preparedness in the event of disaster. Additionally, businesses need to review their contacts and ensure they are protected in the event their ability to perform per contractual obligations... Read More

What are my Information Rights as an LLC Member?

When a limited liability company (“LLC”) is first formed, its owners are often eager to start doing business. In the pandemonium that comes along with getting a business up and running, the owners often overlook what business records and information the owners of the LLC may rightfully access going forward (often referred to as “information... Read More

What is an S Corp and Why Should You Consider One

S corporations, also called “S Corps”, are the largest tax filing entity in the United States. Nonetheless, I find that entrepreneurs are sometimes confused about what an S Corp is and why they should consider one. My goal with this post is to clear up misconceptions about S Corps and provide some insight as to the advantages and tax planning... Read More

Choosing to Operate as an LLC: What Next?

Congratulations on choosing to operate your business as a limited liability company. Limited liability companies offer the liability protection of a corporation and the tax benefits of a partnership, which make them a great choice. Deciding what form of entity you will be operating under is a huge step; however, there are now many things you need... Read More