The federal response to the pandemic continues to evolve, creating considerations for financial planning.
There is still funding available loans under the Paycheck Protection Program (PPP), but small-business owners need to apply before June 30, 2020.
Given the economic downtown , it’s even more important for investors consider a plan to make sure assets are protected.
Congress last week passed legislation to extend the timeline and requirements for loan forgiveness under the PPP program.
Lower asset values combined with historically low interest rates may favor certain wealth transfer strategies such as GRATs.
The Small Business Association announced guidelines for loan forgiveness for the PPP program for small businesses.