Resources
Events

Live Q&A Webinar - PPP Forgiveness: Answers to Your Most-Pressing Questions

June 4, 2020 at 11:00am12:00pm
Online Webinar

On Thursday, June 4, attorneys Greg Fryer and Ben Ford will represent Verrill's COVID-19 Response Team and virtually present with the Portland Regional Chamber of Commerce on the Paycheck Protection Program (PPP) loan forgiveness guidelines and employment law considerations for reopening your Maine business.

Greg and Ben will offer insights into the latest SBA Guidance, including:

  • Common mistakes and important PPP forgiveness calculations
  • The latest guidance on FTEs (full-time equivalent employees), wage computations, Hail Mary’s, self-employed owners, and seasonal businesses
  • The “necessity” certification and other potential risks

The second half of the webinar will be a live Q&A format for Greg and Ben to address any additional PPP questions.

This event will also be recorded. For more information, visit the Portland Chamber's event page here.

Firm Highlights

Publication/Podcast

The New PPP Math: 24 + 60 = > Forgiveness + > Paperwork

On June 5, the President signed into law the Paycheck Protection Program Flexibility Act. This is the second amendment to the Program, the first being on April 24, to increase funding levels to $659...

News

35 Verrill Attorneys Named 2020 Super Lawyers and Rising Stars

(November 9, 2020) – The 2020 edition of New England Super Lawyers and Rising Stars© has recognized a total of 35 Verrill attorneys for excellence in their individual areas of practice. Only the top...

News

Paycheck Protection Program Focuses on Short-Term and Misses Long-Term Damages

On June 8, the Portland Press Herald published an article, "Revamped emergency loan program remains a short-term fix," discussing the Paycheck Protection Program's (PPP) extended deadlines and loosened restrictions, but lack of solutions to...

Publication/Podcast

PPP Math for the Self-Employed: And, Yes, There is Still Time

The Small Business Administration reports that as of May 23 it still had nearly $150 billion of untapped Paycheck Protection Program funds. The Program has been underutilized by self-employed business owners, in part due...

Publication/Podcast

60% Is Not a Cliff, Indeed

On June 11, the Small Business Administration (SBA) and the Treasury Department published important guidance that the revised 60% condition under the Paycheck Protection Program Flexibility Act will be applied proportionately, and not as...

Matter

Allagash becomes Maine’s First Benefit Corporation

Allagash Benefit Event
Matter

Banking: Helping Non-Depository Trust Companies Do Business in Other States

Verrill has helped to form more non-depository trust companies in Maine than any other law firm. We have also helped our trust clients when they look to expand their business into other states. In...

Publication/Podcast

PPP Forgiveness Planning Scenarios

How to use this article: You already know that the Paycheck Protection Program (PPP) is highly complex, with intertwining conditions, exceptions, and definitions that defy simple explanation. This article assumes that you are pretty...

News

Nearly 80 Verrill Attorneys Recognized by Best Lawyers® 2021, Including a Dozen Named Lawyers of the Year

(August 24, 2020) – Nearly 80 Verrill attorneys were recognized as "Best Lawyers" by Best Lawyers® 2021 , including 12 attorneys named “Lawyer of the Year,” a distinguished recognition for only a single lawyer...

Matter

Banking: Establishment of Non-Depository Trust for National Company

Verrill served as special counsel to a national firm in the chartering and licensing of a Maine non-depository trust company as the client’s wholly-owned subsidiary. Non-depository trust companies are highly regulated, and the matter...

Contact Verrill at (855) 307 0700