As a Minority Business Enterprise (MBE), BurgherGray is proud to be BEP Certified in the State of Illinois, recognized by the Business Enterprise Program (BEP) for Minority, Females, and Persons with Disabilities.
On July 31, 2020, the IRS issued proposed regulations ([REG-
107213-18]) under Section 1061 of the Internal Revenue Code
(the “Code”) as required by Code Section 1061(f). The proposed
regulations provide guidance on the application of Code Section
1061, and also include new regulations regarding the treatment
of carried interests held by the partnership sponsor or through
one or more tiered pass-through vehicles. Also, the proposed
regulations contain new reporting rules.
On Friday, June 26, 2020, the U.S. Court of Appeals for the Second Circuit upheld the Securities and Exchange Commission’s Regulation Best Interest in a unanimous opinion, following much controversy in the industry surrounding the rule.
SEC provides conditional relief in crowdfunding offerings to small companies affected by COVID-19May 27, 2020 Jephte LanthiaOn Monday, May 4, 2020, the U.S. Securities and Exchange Commission (SEC) issued additional temporary relief to address urgent funding...
COVID-19 Business Relief: Main Street Lending ProgramMay 11, 2020 Gopal Burgher Lisa Brice Shubhra Sharma In response to the COVID-19 pandemic and pursuant to Section 4003 of the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), the federal...
DASNY and ESD are now empowered to incur revolving credit facilities to offset New York State’s cash-flow shortfalls
DASNY and ESD are now empowered to incur revolving credit facilities to offset New York State's cash-flow shortfalls April 26, 2020Included in a New York State budget bill enacted in early April as Chapter 56 of the Laws of 2020, are provisions authorizing Dormitory...