The CARES Act and U.S. Subsidiaries of Foreign-based Parents – Eligibility Criteria and Other Pitfalls
04.16.2020
Extensive reviews have been published over the past days about the CARES Act but few of them really address the issue whether foreign companies doing business in the U.S. can benefit from the Act or not and the other pitfalls of the Act. The French Desk of Sheppard Mullin will conduct a webinar in English specifically focusing on these issues. The agenda is the following:
“The CARES Act and U.S. Subsidiaries of Foreign-based Parents – Eligibility Criteria and Other Pitfalls”
1. Paycheck Protection Program (“PPP”)
- Summary of the PPP
- Who can qualify?
- Small Business Concern (Small Business Act of 1952)
- Any Business Concern (CARES Act of 2020)
- Special exceptions
2. Economic Injury Disaster Loans (“EIDL”)
- Summary of the EIDL
- Who can Qualify?
- Eligible Business
- Significant Operations and Employees in the U.S.
3. Tax Relief
- Summary
- Who can qualify?