News & Insights

Important Notice Regarding Recent SBA Guidance Relative to Paycheck Protection Program Calculation of 500 Employee Limit and Foreign Affiliations

Recent guidance promulgated by the SBA has caused confusion among loan applicants and practitioners with regard to how the Paycheck Protection Program’s (PPP) employee size limitation is determined.  The PPP is limited by the CARES Act to those businesses having 500 or fewer employees whose principal place of residence is in the United States, or meeting the SBA employee-based size standards for the industry in which the business operates (if greater).  Guidance taking the form of Interim Final Rules and “Frequently Asked Questions” (FAQ) has up to this point offered a consistent interpretation as to how this limitation is calculated.  However, a new “FAQ” was promulgated late this week which appears inconsistent with the component of previous guidance dealing with employees “whose principal place of residence is in the United States” and those of “affiliated entities.”  Applicants for, and recipients of, PPP loans should carefully review the following information if they have foreign affiliates that could cause the overall combined number of employees to exceed the program’s 500 employee limit. ...read more

And Now for Something Completely Different: Third Circuit Upholds Damages Claim For Misappropriation of Trade Secrets

Last week, the Third Circuit issued an opinion on trade secrets that examines the difference, if any, between owning and simply possessing a trade secret for the purposes of bringing a misappropriation claim. This decision has implications for contractors and subcontractors who develop confidential materials while performing a contract. ...read more

Archer Establishes Disaster Relief Advisory Team

Archer has established a Disaster Relief Advisory Team to help small businesses navigate the new federal and state relief programs in New Jersey, New York, Pennsylvania and Delaware.  The team consists of experts from the firm’s Government Affairs, Business Counseling, and Tax Practice Groups, including a former New Jersey Department of Community Affairs official who helped guide small businesses through New Jersey’s complicated Superstorm Sandy relief programs.  Team members are available to respond to your questions regarding these programs and to assist small businesses in securing relief funds to ensure operational continuity. ...read more

Archer & Greiner Appoints Deborah A. Hays as Chair of Board of Directors

Hays will be the first woman chair to lead the nearly 200-attorney mid-Atlantic firm ...read more

Deb Hays discusses board members leading corporate reluctance to boost capital expenditures

Archer’s Deb Hays weighs in on board members leading corporate reluctance to boost capital expenditures in the latest board of directors article from Chief Executive Group magazine. Read the full story here. ...read more

Deborah A. Hays Honored by American Heart Association

Deborah Hays (right) has received the 2016 “Heart of South Jersey” Award ...read more

Deborah Hays to Speak at CCSNJ'S "Family-Owned Business Council" Event

When: Thursday, March 3, 2022 (8:00 AM - 10:00 AM) (EST) ...read more

Buying and Selling a Business: Panel Discussion with Industry Experts

Are you considering buying or selling a business? Attend this seminar to learn from leading professionals. This moderated panel will walk-through hypothetical transactions and explain the roles that each would take and share their insights based on years of experience. Some of the topics that will be addressed include: ...read more