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PPP Extension Act Extends Application Deadline to May 31

President Biden has signed into effect the PPP Extension Act of 2021. This new Act extends the deadline to file the Paycheck Protection Program (PPP) application from March 31, 2021 to May 31, 2021. The extension also gives the Small Business Administration (SBA) an additional 30 days, through June 30, 2021, to complete its processing   Continue Reading »

Belongia Resolves Multinational Ownership Dispute

Johnson & Bell Shareholder, Mark D. Belongia, successfully resolved an ownership dispute involving partners in an international sales and manufacturing company.  In this multinational dispute, Belongia’s clients were the European founders and majority owners of a U.S.-based company, but were not the day-to-day operators of the business. Ultimately, disagreements between the majority and minority owners   Continue Reading »

Illinois Limits Use of Prior Convictions in Employment Hiring Decisions

On March 23, 2021, Illinois Governor J.B. Pritzker signed Amended Senate Bill (SB) 1480 (the “Amendment”) into law. The Amendment restricts employers from relying on conviction records in making employment decisions unless there is a “substantial relationship” between one or more of the candidate’s prior convictions and the job in question, or the person being   Continue Reading »

Ownership Group Gets Seared When They Secretly Steal Another Shareholder’s Stake

Johnson & Bell Shareholder, Mark D. Belongia, resolved an ownership dispute that earned their client an above market return on his ownership stake.  In this dispute, Johnson & Bell’s client was a partner in several companies that owned restaurants. At a meeting of the shareholders in which our client couldn’t attend, the other shareholders of   Continue Reading »

Jessica K. Velez Receives HNBA Top Lawyers Under 40 Award

Recently, the Hispanic National Bar Association (HNBA) announced the 26 exceptional member attorneys from across the country who have been selected to receive the prestigious 2021 “HNBA Top Lawyers Under 40” Award. The award honors lawyers who, along with their professional accomplishments, are committed to the Hispanic community and dedicated to improving the legal profession.   Continue Reading »

PPP Loan Forgiveness Continues to Evolve

The Small Business Administration continues to fine-tune the Paycheck Protection Program (PPP) loan forgiveness process.  Recently, the Small Business Administration (SBA) issued an Interim Final Rule (IFR) addressing the loan forgiveness requirements and review procedures for PPP loans. Here are the highlights: It is the lender that is tasked with conducting the review of a   Continue Reading »
Robert Burke

Robert M. Burke Receives Bullseye Barrister Award

Congratulations to Robert M. Burke, who has been recognized as the Bullseye Barrister for Target Corporation for the 4th quarter of 2020.  The Bullseye Barrister award is presented quarterly to an attorney recognized for obtaining outstanding results on Target’s behalf. Mr. Burke works extensively in transportation litigation, including trucking and railroad. He is being recognized   Continue Reading »

Belongia Presents, "Ethical Collections: Fair Debt Collection Practices Act and Beyond," on March 31

Johnson & Bell Shareholder, Mark D. Belongia, discussed the Fair Debt Collections Practices Act (FDCPA) on March 31st. The FDCPA provides that under certain conditions, attorneys fall under the definition of debt collectors subject to the act. The aim of the act is to protect consumers from unfair and intrusive debt collection practices. Mr. Belongia   Continue Reading »

Employers Can Require COVID-19 Vaccination, But Exceptions Exist

On Tuesday, December 22, 2020, the first COVID-19 vaccinations became widely available to the public in Illinois.  Although global vaccination is expected to take months, if not years, employers can begin planning for a transition to a COVID-free workplace.  Below are answers to common questions about the anticipated COVID-19 vaccinations and how to encompass the   Continue Reading »

New Year, New Disclosures for Small Business Owners

The new year begins with plenty of optimism for small business owners, family held and privately held companies.  Most economic prognosticators anticipate fairly robust growth as the US and other economies emerge from pandemic enforced shutdowns.  That said, here is one development that all owners of small companies should have on their “to do” list   Continue Reading »
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