GRANTHAMPOOLE ARTICLES
Your Business Got a Paycheck Protection Program Loan! Now What?
Recipients of PPP loans have 8 weeks from the date of funding to spend the loan on specific allowable expenses if they want to benefit from the program’s forgiveness provisions. Taking care of some details on the front end will surely help with...
Paycheck Protection Program Loans Subject to Scrutiny
Two aspects of the PPP loan program have made it extremely popular. First, the opportunity for most or possibly all of the loan to be forgiven and second, significantly less documentation and proof of need being required from the borrower supporting how...
Paycheck Protection Program and Loan Forgiveness
If you are one of the fortunate businesses to receive a Paycheck Protection loan from the SBA in the first round of CARES Act funding, you have cleared a major hurdle in sustaining your business during an uncertain time. Now, the task of securing loan...
Time to Revisit Singley v. Singley: Goodwill in Business Valuations for Divorce
In 2002, the Supreme Court of Mississippi ruled on Singley v. Singley. Singley established the treatment of goodwill in business valuations attendant with divorce cases. Under Singley and subsequent rulings, goodwill is excluded from the fair...
The 6 Most Costly Mistakes Made by Business Owners: Doing It All Yourself
The final most costly mistake made by business owners is wearing too many hats. In the early going, you may be tempted to try to handle all aspects of your business yourself, but it’s critical to have a support team to help you move the...
The 6 Most Costly Mistakes Made by Business Owners: Failure to Conduct the Necessary Market Research
Most successful entrepreneurs know their industry intimately and have expertise in their product or services. They’ve taken the trouble of accurately pricing these goods and services as well as made sure they’re not impinging on other business’...
The 6 Most Costly Mistakes Made by Business Owners: Ignoring Intellectual Property
Most likely, after reading our first three articles in this series, you’ve recognized that it’s best to proactively avoid costly mistakes when starting a business rather than retroactively correcting them. This next pitfall is no exception. Perhaps equally...