Remote Notary Now an Option

By: Karen Karr | 03.23.2020

  Iowa law requires a notary officer to acknowledge real estate documents that will be recorded, including deeds and mortgages. For years, the acknowledgement required the party signing the document to personally appear before a notary officer. Personal appearance did not include appearances that require video, optical, or similar technology. However, in 2019, the State Read…

Hold that Cash . . . for a Few More Weeks! Property Tax Payments Suspended Until April 16, 2020

By: Katheryn Thorson |

  As we have seen over the last couple of weeks, the government has continued to relax a number of restrictions and regulations in order to provide relief during the COVID-19 outbreak. Governor Reynolds signed another State Public Health Emergency Declaration on Friday, March 20, 2022. Among other items, the declaration suspends the collection of Read…

Event Cancellations as a Result of COVID-19? Check Your Contracts!

By: Margaret Hibbs | 03.22.2020

With extreme social distancing requirements in place across Iowa and the United States, it is clear that COVID-19 will have an impact on our lives for weeks to come. Cities, schools, and universities alike have cancelled scheduled events — and more and more cancellations are still to come. But what if your organization has booked Read…

Businesses in All 99 Iowa Counties Now Qualify for SBA Disaster Loans

By: Amy Johnson |

  Effective Saturday, March 21, 2020, businesses in all 99 Iowa counties qualify for Small Business Administration (“SBA”) Economic Injury Distress Loans (the “Loans”).  The Loans are working capital only loans that are meant to help small businesses weather the ongoing Covid-19 crisis.  The credit requirements for the Loans are minimal and include: Credit History: Read…

Effects of COVID-19 on 1031 Exchange Deadlines

By: Katherine McKain | 03.20.2020

  Following President Trump’s emergency declaration on March 13, 2020, with respect to the COVID-19 outbreak, the U.S. Treasury Department (the “Treasury Department”) and Internal Revenue Service (“IRS”) issued guidance on special payment relief to individuals and businesses. However, as of the date of this post, no extensions or other relief apply to 1031 exchanges. Read…

SBA Offers Low Interest Federal Disaster Loans in Designated States

By: Amy Johnson |

  UPDATE: On Saturday, March 21st, Governor Kim Reynold announced that the U.S. Small Business Administration (SBA) has issued a disaster declaration for the state of Iowa as of January 31, 2020 and continuing. The declaration allows pandemic-impacted small businesses to apply for low-interest support loans. The declaration comes after Iowa Governor Kim Reynolds submitted Read…

Guidance on Tax Payments Following COVID-19 Outbreak

By: Cynthia Boyle Lande | 03.19.2020

  UPDATE: 4/10/2020 Yesterday, the IRS announced it is expanding the scope of what returns and taxes are now due July 15, 2020 (similar to previous announcements below). The new deadline more broadly applies to taxpayers with a filing or payment deadline on or after April 15 and before July 15, whether that is an Read…

Is Your Business Protected Against Business Interruptions?

By: Amy Johnson | 03.13.2020

  COVID-19 has reminded businesses of the need to have plans for business interruption, contingency processes and procedures, and human resources and staffing preparedness in the event of disaster. Additionally, businesses need to review their contacts and ensure they are protected in the event their ability to perform per contractual obligations is impeded. Extreme events Read…

Aircraft Dry Lease Checklist

By: Brennan Block | 10.30.2019

  There is no doubt about it: purchasing, owning, and operating an aircraft is an expensive endeavor. For this reason, we find our clients seeking out more cost effective private aircraft arrangements. Most often, an aircraft charter or lease arrangement more closely aligns with a client’s goals than outright aircraft ownership. Chartered air travel is Read…

SEC Attempts to Modernize How Businesses Raise Capital

By: Allison Lindner | 02.07.2017

In 2017, new rules regarding certain exemptions from securities registration requirements are going into effect, adopted by the Securities and Exchange Commission (the “SEC”) on October 26, 2016, as the SEC attempts to modernize how businesses raise capital. You should take note of these changes: Amendments to Rule 504 of Regulation D under the Securities Act.  Read…