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Business Services

In the field of Business Services, we regularly advise public and private companies, private equity firms, investment banks, government entities, middle-market companies, individual entrepreneurs, and other institutions in a broad spectrum of business and financial matters.

Recognized by Chambers USA and U.S. News – Best Lawyers® "Best Law Firms," as a leading law firm in the delivery of sophisticated corporate services, the attorneys of Stites & Harbison regularly counsel clients on a broad range of matters from strategic transactions to the day-to-day operations and success of their business.

We provide dedicated and cost-effective counsel on:

  • Administrative Law
  • Airport Law
  • Business Expansion, Relocation & Government Incentive Programs
  • Charitable & Nonprofits
  • Commercial Finance
  • Contract Drafting
  • Negotiations for Public & Private Partnerships
  • Succession Planning
  • Corporate Finance & Securities Offerings
  • Corporate Governance & Disclosure
  • Employee Benefits
  • Entertainment Law
  • Entrepreneurial Services
  • ESOPs
  • Joint Ventures
  • Mergers & Acquisitions
  • Securities
  • Taxation
  • Trade Association Law

The lawyers of Stites & Harbison work collaboratively, across industries and practices, to provide the most comprehensive and thorough legal representation.

Business Services Specialty Areas
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Client Alerts

SAFE TO WORK Act Would Provide Liability Protections for Coronavirus-Related Claims

On July 27, 2020, Senator John Cornyn, for himself and Senate Majority Leader Mitch McConnell, introduced the SAFE TO WORK Act (the “Act”) as part of the Senate’s new $1 trillion stimulus proposal. This bill would provide significant liability protection for claims related to the coronavirus brought against businesses, educational institutions, health care providers, non-profits and government agencies.

by Brian A. Cromer July 30, 2020
Client Alerts

Information You Need on the COVID-19 Coronavirus

Stites & Harbison has assembled a Coronavirus Response Team which consists of a cross-disciplinary task force of attorneys and critical staff members to ensure our firm remains “On the Job” for you. Updated 08/03/20

by Stites & Harbison, PLLC July 30, 2020
Press Releases

Boyle County Industrial Foundation Elects David Longenecker to its Board of Directors

LEXINGTON, Ky.—The Boyle County Industrial Foundation (BCIF) Board of Directors recently elected Stites & Harbison, PLLC attorney David Longenecker as a new director. He will serve a three-year term.

by David E. Longenecker July 24, 2020
Client Alerts

PPP Loan Application Extension Signed Into Law As Congress and White House Debate Repurposing of Funds

On Saturday, July 4, 2020, following a surprise vote by the U.S. Senate earlier in the week and quick passage in the House of Representatives, a bill extending the Paycheck Protection Program (“PPP”) loan application deadline from June 30, 2020 to August 8, 2020 was signed into law by the President. However, with a recently reported $130 billion out of the $669 billion in total funding allocated to this stimulus program still unspent, policymakers in Washington are considering whether these monies should be repurposed.

by Brian A. Cromer July 06, 2020
Client Alerts

$5 Billion of New Market Tax Credits in Search of High Impact Projects

It is anticipated that the Community Development Financial Institutions Fund (“CDFI”) will announce $5 billion in New Markets Tax Credits (“NMTC”) allocation awards within the next several weeks.

by James C. Seiffert and Jameson M. Seiffert July 02, 2020
Client Alerts

U.S. Senate Unexpectedly Passes Bill Extending PPP Application Deadline

On the evening of June 30, 2020, a few hours before the Paycheck Protection Program (“PPP”) loan application deadline was set to expire, the U.S. Senate unanimously passed a bill amending the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) to extend the deadline from June 30 2020 to August 8, 2020.

by Brian A. Cromer July 01, 2020
Client Alerts

Main Street Loan Program

Recently, the Federal Reserve initiated a new commercial lending facility that has been promised for months, the Main Street Lending Program (“MSLP”), consisting of three new loan facilities: the New Loan Facility, Expanded Loan Facility and Priority Loan Facility.

by Michael B. Schwegler (Mike) and J. David Wicker June 29, 2020
Client Alerts

New Federal Law Makes Important Changes To Paycheck Protection Program

The Paycheck Protection Program Flexibility Act of 2020 (the “Flexibility Act”), which is intended to address problematic elements of the Paycheck Protection Program (“PPP”), was signed into law by the President on June 5, 2020.

by Brian A. Cromer June 05, 2020
Client Alerts

OSHA Revises COVID-19 Guidance

On May 26, 2020, OSHA rescinded its prior memo dated April 10, 2020, and provided updated “Enforcement Guidance for Recording cases of Coronavirus Disease 2019 (COVID-19)”.

by S. Kelly Gilliam, Shannon Antle Hamilton, and Sarah Cronan Spurlock June 05, 2020
Client Alerts

SBA Extends PPP Loan Safe Harbor Repayment Date to May 18, 2020

Last night, the U.S. Small Business Administration extended the safe harbor deadline for the repayment of Paycheck Protection Program loans from May 14, 2020 to May 18, 2020.

by Brian A. Cromer May 14, 2020
Client Alerts

New SBA Guidance on PPP Loans and the Necessity Certification: Safe Harbor for Loans Under $2 Million and SBA Remedies for Certain Adverse Determinations

Against a backdrop of considerable anxiety in the business community regarding many aspects of the Paycheck Protection Program (“PPP”), the U.S. Small Business Administration (“SBA”) today issued its promised guidance on how it will review a borrower’s good-faith certification of economic need in connection with a PPP loan.

by Brian A. Cromer May 13, 2020
Client Alerts

No Good Deed: Protecting Yourself and Your Business from a Governmental Investigation Concerning Your PPP Loan

In a time when more than $650 billion in stimulus funds are being pumped through the Small Business Administration’s (SBA) Paycheck Protection Program (PPP), the potential for bad actors to create havoc for business owners reliant upon these mostly forgivable loans is almost guaranteed.

by Joshua F. Barnette and Michael Denbow May 13, 2020
Client Alerts

COVID-19 Scams: What Employers Need to Know

As businesses configure their workplaces to include new safety measures such as providing temperature checks, supplying necessary personal protective equipment (PPE) to employees, or installing hand sanitation stations, they must also be cautious of suspicious activities from fake suppliers, vendors, and other scammers attempting to exploit the current COVID-19 pandemic.

by Calesia Henson and Shannon Antle Hamilton May 12, 2020
Client Alerts

PPP Loan Update: Safe Harbor Repayment Deadline Extended from May 7, 2020 to May 14, 2020

In connection with the application process for a Paycheck Protection Program (“PPP”) loan, borrowers are required to certify in good faith that “current economic uncertainty makes this loan request necessary to support the ongoing operations of the Applicant.”

by Brian A. Cromer May 06, 2020
Press Releases

Chambers USA 2020 Honors 19 Stites & Harbison Attorneys

LOUISVILLE, Ky.—Chambers USA selected 19 Stites & Harbison, PLLC attorneys in Kentucky and Tennessee for inclusion in their 2020 guide.

by Stites & Harbison, PLLC May 05, 2020
Client Alerts

The Los Angeles Lakers and the Paycheck Protection Program: U.S. Treasury Secretary Mnuchin Calls Flagrant Foul and Pledges Full Audits for Larger Loans

The Los Angeles Lakers, one of the most valuable sports franchises in the world, returned to the front page this week despite the suspension of the NBA season, and there are important repercussions for participants in the Paycheck Protection Program (“PPP”).

by Brian A. Cromer April 29, 2020
Client Alerts

Paycheck Protection Program Update: SBA Issues New Guidance Emphasizing Eligibility Requirements

In an apparent response to controversy related to public companies and larger concerns obtaining Paycheck Protection Program (“PPP”) loans, the Small Business Administration, in consultation with the Treasury Department, today issued additional guidance intended to underscore that loan requests must be necessary based on the actual economic need of the borrower.

by Brian A. Cromer April 23, 2020
Presentations

WEBINAR: COVID-19 and Your Business — What You Need to Know

Stites & Harbison, PLLC recently presented a webinar covering the various impacts of COVID-19 on businesses. You can review the webinar at any time utilizing the link above.

by Brian A. Cromer, Allyson True Cook, S. Kelly Gilliam, Jamie F. Little, Shannon Antle Hamilton, Rebecca A. Weis, Rachel Dix Bishop, and William M. Joseph (Bill) April 14, 2020
Client Alerts

Updated CDC Guidance for Essential Workers

On April 8, 2020, the Center for Disease Control and Prevention (“CDC”) provided updated guidance for COVID-19 exposed employees for essential businesses, such as groceries, hospitals, and first responders.

by Shannon Antle Hamilton April 13, 2020
Press Releases

Benchmark Litigation names Stites & Harbison as Litigation Firm of the Year for Kentucky

LOUISVILLE, Ky.—Benchmark Litigation recently named Stites & Harbison, PLLC as Litigation Firm of the Year for Kentucky at its 2020 Annual Awards Gala.

by Stites & Harbison, PLLC April 08, 2020