PPP2 & Employee Retention Credit:
Many Study Group members qualify for the second round of the Paycheck Protection Program (PPP2) and the Employee Retention Credit (ERC), two potentially sizable government pandemic assistance programs. Yet, there are many questions circulating around the programs. Some of these questions include: Should we apply? Do we qualify? How do we interpret the word “necessary” in good faith? What’s different about the two programs? Do these programs work in relation to each other? Can I still apply?
Ben Klassen has graciously agreed to join us again this year with an update on what you need to know about both of these government programs. Ben is an M&A and business finance attorney with Winthrop & Weinstine and part of the team supporting franchisees and businesses in the energy generating, transmitting or retailing industries.
This webinar will include:
Second Draw Paycheck Protection Program Loan (PPP2)
- What are the criteria for businesses to qualify?
- Do profits matter or just the gross receipts?
- How can I interpret terms like “uncertainty” and “necessary?”
- Making sense of confusing and changing information
- Who qualifies?
- Nuts of bolts of how it works?
- How do we coordinate this credit in parallel with PPP funds?
The webinar is designed for owners, general managers, financial officers, HR, legal teams, and others trying to navigate the usefulness of government programs within their company. Jed Brewer will moderate the call. The webinar is co-sponsored by Study Groups and The Below the Line Club and will last approximately one hour. We invite you and/or members of your team to participate.