Posts by Bernkopf Goodman
Latest CARES Act Includes Significant, Albeit Temporary, Provisions to the Bankruptcy Code Affecting Commercial Landlords, Tenants and Suppliers
On December 27, 2020, the second CARES Act was signed into law, providing an additional $900 billion in pandemic relief. Less publicized are several changes the Act made to the...
Robert Stetson Named to the Executive Committee
Robert Stetson, a partner at the law firm Bernkopf Goodman LLP, has been named to the firm's executive committee. In the role, he will work with the committee to establish...
Governor Baker Pocket Vetoes Two Key Tenant Protection Provisions Within the New Stimulus Bill
In recently signing legislation providing for $626.5 million to be spread around the Massachusetts economy over the next five years, Governor Baker exercised his pocket veto to strike certain provisions...
PPP Loans and Taxes
The CARES Act provided that PPP loan funds that are forgiven will not be included in gross income for tax purposes (contrary to the general tax rule that forgiveness of...
Small Business Relief Program: Massachusetts Relief Available for Small Businesses Including Restaurants and Bars
Governor Baker has targeted small businesses in Massachusetts since October 2020 with the Massachusetts Growth Capital Corporation’s initial funding, but previous stimulus money and budget allocations were insufficient to keep...
Client Alert: Court Orders Owner to Pay its Contractor Over $4.6 Million for Violations of the Massachusetts Prompt Pay Act
In a case of first impression in Massachusetts, Suffolk Superior Court Judge Michael D. Ricciuti has ordered a real estate developer to pay its general contractor $4,600,109.24 within 45 days...
Limited Time for Boston Businesses to Apply for $6 Million in Grants
Mayor Marty Walsh has announced three new funds to distribute $6 million of federal aid to small Boston businesses, but the deadline to apply is one week away. This welcomed aid...