COVID-19 & Nonprofits: Understanding Forgiveness Rules for the Paycheck Protection Program

Thursday, May 21, 2020

12:00PM – 1:30PM Pacific Time

Online through Washington Nonprofits

1.5 CLE credits law and legal (approval pending) for participating attorneys. Please contact sarah@communities-rise.org with your bar number to receive credit.

Many nonprofits have received PPP loans. The next step is understanding the rules and keeping the right records to ensure that you maximize forgiveness by using the money for approved purposes in the eight weeks immediately following receiving the loan. The presentation will cover guidance that is available from SBA at this point. Jeff Liang will explain the rules and Stacey Krynsky will be available to offer a banker’s perspective during the Q&A. There will be an opportunity for participants to ask questions and offer comments.

About the Presenter

Jeff Liang, Ling and Liang PLLC

Jeff Liang is a sole practitioner in Seattle’s Chinatown-International District. His practice focuses on helping small businesses, non-profit organizations, and individuals with transactional, corporate, tax planning, and estate planning issues. He is also an adjunct law professor at Seattle University School of Law where he teaches courses on Tax Exempt Organizations and Taxation of LLCs and Partnerships. He received an LL.M. in Taxation from New York University in 2008. He currently serves on the board of directors of Asian Counseling and Referral Services and has served on the board of the Asian Bar Association of Washington, including a year as President.

Stacey Krynsky, Beneficial State Bank

Stacey Krynsky has spent 15 years in the banking industry with a focus on Non-Profit deposit and lending. She is a board member of Shunpike Arts Collective, Benefits Law Center, and a loan committee member for Business Impact Northwest. She works for Beneficial State Bank, which is a B Corp that is owned by a Nonprofit foundation, Beneficial State Foundation.

Thanks To Our Partner

Presented by Washington Nonprofits in partnership with Communities Rise and Beneficial State Bank.