SBA PPP Loan Program - Additional Guidance Issued for Partnerships and LLC Owners
4/16/2020Articles & Podcasts
On April 14th, the Treasury Department and the Small Business Association (SBA) issued additional guidance on the SBA PPP Loan program. Specifically, the guidance clarified that a partner’s self-employment income may be included in the calculation of payroll costs for the purposes of calculating the loan amount and loan forgiveness. Each partner’s self-employment income is limited to $100,000 annualized.
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