BW INSIGHTS

New SBA Guidelines Pave Way for Dynamic Government-Backed Financing of Business Acquisitions

We’ve had many different clients utilize U.S. Small Business Administration (“SBA”) 7(a) loans to finance their purchase and/or sale of their business (or businesses). SBA loans, like the SBA 7(a) loan, are desirable because they can be more accessible and offer longer repayment terms and/or lower interest rates than many other conventional (or... Read More

The Corporate Transparency Act is Here: What You Need to Know

Much to the dismay of many corporate/transactional law practitioners like me, the burdensome business entity reporting requirements of the recently enacted Corporate Transparency Act (the “CTA”) are here, and it would appear they are here to stay. Under the CTA, which became effective as of January 1, 2024, most business owners will face... Read More

What Questions Should I Ask Before Dry Leasing an Aircraft?

I am contacted routinely by individuals that are interested in dry leasing an aircraft for either business or personal use (or both). These individuals have made the decision that they are willing to accept the risks of a dry lease of an aircraft (as opposed to a charter), which includes the party leasing the jet (the “dry lessee”) assuming full... Read More

FAA Ramps Up Surveillance: Time to Confirm Compliance of Your Aircraft Operation

Despite all that is going on in the world, we have noticed in the past few months an uptick in the Federal Aviation Administration (the “FAA”)’s scrutiny of aircraft operations, specifically those operations that cross the border from legal Part 91 operations into “sham” dry lease or illegal charter territory. Because of the FAA’s noticeably... Read More

Determining Whether Your Business Qualifies as Essential

More and more state and local governments are issuing “stay at home” orders that require all non-essential businesses to cease operations and send employees home. We’ve received many client questions regarding the ramifications of these orders, the definition of an “essential business,” and the registration requirements for essential businesses.... Read More

Aircraft Dry Lease Checklist

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... Read More