Business Services

Corporate General Services

Stites & Harbison provides advice on corporate and commercial matters to a number of the region's leading businesses. The firm's lawyers understand the importance of knowing their client's business. The firm advises its clients on business structure, labor, employment and employee benefit matters. Stites & Harbison's lawyers have dealt with venture capital, private placements, initial public offerings, recapitalization and various forms of debt and equity issues. Working closely with accountants and other professional advisors, the firm offers its clients the benefits of its experience with business entities of varying sizes, market segments and stages of growth. The firm's lawyers have considerable experience with private entrepreneurs and growth-oriented companies during their transition from small, closely-held enterprises to large, publicly-held ones. As a result, Stites & Harbison understands how to assist clients in raising any additional capital required for growth and acquisition strategies.

Our corporate attorneys have experience handling sophisticated transactions for leading businesses in a variety of industries. This experience includes:

  • Mergers and Acquisitions
  • Trade Association Law
  • Securities
  • Corporate Governance and Disclosure
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Client Alerts

The New Stimulus Package and the Next Round of Paycheck Protection Program Loans

The Consolidated Appropriations Act, 2021 (the “Appropriations Act”), one of the longest bills ever passed in the history of the U.S. Congress, was signed into law on December 27, 2020. This legislation provides approximately $900 billion in new stimulus funding, of which $284 billion has been allocated to the Paycheck Protection Program (“PPP”).

by Brian A. Cromer, Luke F. Ervin, William M. Joseph (Bill), and Alison M. Zeitlin January 12, 2021
Events

Paycheck Protection Program Loans Guidance

Date: 1/13/21
Time: 10:00 a.m.

Webinar

Stites attorney Brian Cromer will be one of the speakers discussing what has changed for this new round of funding and how to make use of the Paycheck Protection Program.

Brian A. Cromer January 08, 2021
Client Alerts

PPP Update: AGC Lawsuit Hammers Away at the SBA, Alleging Violations of Borrowers’ Constitutional Rights

The Associated General Contractors of America, Inc. (“AGC”), the U.S. construction industry’s largest trade association, has taken dead aim at the controversial Paycheck Protection Program (“PPP”) loan necessity questionnaire (the “Questionnaire”) that was recently introduced by the U.S. Small Business Administration (“SBA”) and the so-called PPP “necessity” certification (the “Necessity Certification”). The Necessity Certification is the SBA requirement that PPP loan applicants certify in good faith that economic uncertainty makes the loan request necessary to support ongoing operations.

by Brian A. Cromer and Cassandra L. Welch (Casey) January 05, 2021
Press Releases

Bill Joseph Recognized in Georgia Trend’s 2020 Legal Elite

ATLANTA—Georgia Trend magazine has selected Stites & Harbison, PLLC attorney William M. (Bill) Joseph as one of its 2020 Legal Elite in the category of Taxes/Estates/Trusts Law. This is the seventh time Joseph has earned the Legal Elite honor.

by Stites & Harbison, PLLC December 03, 2020
Press Releases

Tom Halbleib, Jr. Appointed to Kentucky Local Government Public-Private Partnership Board

LOUISVILLE, Ky.—Kentucky Governor Andy Beshear has appointed Stites & Harbison, PLLC attorney Tom Halbleib, Jr. as a member of the Kentucky Local Government Public-Private Partnership Board. He will serve a term expiring on August 1, 2024.

by Stites & Harbison, PLLC October 06, 2020
Events

Restart Kentucky: Payroll Protection Program Loan Forgiveness

Date: 9/11/20
Time: 10:00 a.m.

Louisville office attorney Brian Cromer will be a panelist for this webinar discussing the Payroll Protection Program on September 11, 2020.

Brian A. Cromer September 04, 2020
Press Releases

Bert Wolf Named Stites & Harbison’s Memphis Office Executive Member

MEMPHIS, Tenn.—Stites & Harbison, PLLC attorney Herbert B. Wolf Jr. (Bert) has been named Office Executive Member for the Memphis, Tenn., office.

by Stites & Harbison, PLLC September 04, 2020
Press Releases

IFLR1000 Honors Stites & Harbison and James C. Seiffert

LOUISVILLE, Ky.—IFLR1000 has announced that Stites & Harbison, PLLC and attorney James C. Seiffert have been honored in IFLR1000 United States for 2020.

by Stites & Harbison, PLLC August 27, 2020
Client Alerts

GSEs Announce New Fee for Consumer Residential Loan Refinances: Lenders Brace for Added Costs and Potential Compliance Concerns

On August 12, 2020, the Federal National Mortgage Association (“Fannie Mae”) and the Federal Home Loan Mortgage Corporation (“Freddie Mac”) delivered a harsh blow to lenders and consumers in the residential mortgage market when they announced they would impose a .5% fee (i.e., a 1/2 “point” in mortgage finance parlance) on refinance mortgages purchased by Fannie Mae and Freddie Mac after September 1, 2020.

by Brian M. Bennett and Michael B. Schwegler (Mike) August 18, 2020
Client Alerts

Retirement Plan Excessive Fee Litigation is on the Rise

Retirement plan sponsors and other fiduciaries are required by ERISA to discharge their duties with the “care, skill, prudence, and diligence” under the circumstances as would a prudent man. This means, among other things, fiduciaries should ensure that all fees paid by the plan for recordkeeping and investment management services are competitive and reasonable.

by Andrew R. Jacobs August 17, 2020
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
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

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

Small Businesses Can Take Advantage of the SBA COVID-19 Economic Injury Disaster Loans

As the Coronavirus (COVID-19) pandemic brings the U.S. economy to a grinding halt, small businesses are experiencing an unprecedented fiscal crisis. Mandated to shut their doors by state and local governments, these businesses find themselves...
by James C. Seiffert and Jameson M. Seiffert April 03, 2020
Client Alerts

CARES Act – Relief for Small Businesses

On Friday, March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act of 2020 (the “CARES Act” or “Act”) passed and was signed – it is the largest economic aid package in United States history.

by Amy L. Baker and Andrew Battle Sanders April 01, 2020