Lunch & Learn Webinar Series: The COVID Stimulus Hangover and Other Economic Issues Facing Portfolio Companies
Presented by Polsinelli
The COVID Stimulus Hangover and Other Economic Issues Facing Portfolio Companies
Wednesday, September 2, 2020
In coping with the pandemic, portfolio companies have taken advantage of various COVID-19-related stimulus programs, including the PPP and the Employee Retention Tax Credit. As Fund’s and their portfolio companies seek exit strategies, the impact of these stimulus programs and potential new benefits should be taken into consideration when determining next steps. Join Phil Feigen, Bill Sanders and Sara Ainsworth from Polsinelli as they discuss these strategies, benefits and potential pitfalls to avoid.
Phil Feigen, Office Managing Partner
Phil Feigen is a shareholder in Polsinelli’s Business Department, chair of the Financial Institutions Practice Group and managing partner of the firm’s Washington, DC office. With over 25 years of experience, Mr. Feigen brings a unique perspective to providing general corporate advice, as well as complex business counsel to clients in ever-changing regulatory environments. His practice focuses on representing financial institutions, Small Business Investment Companies and other entities before the Small Business Administration, other private investment funds, federal and state banks and other financial services related companies. Mr. Feigen has represented clients complying with complex federal/state licensing and regulatory requirements.
Bill Sanders, Tax Practice Group Chair
Bill Sanders is a shareholder in Polsinelli’s Business Department and chair of the firms Tax Practice Group. With over 30 years of experience, Mr. Sanders has broad tax experience in corporate, partnership, limited liability company, complex business transactions, and workout and bankruptcy issues. His clients range from Fortune 100 companies to family-owned and tax-exempt organizations and regularly represents clients nationwide before the Internal Revenue Service at all levels including audits, the Appeals Division and in court. Mr. Sanders also represents clients in implementing tax-advantaged structures for all types of business transactions, including: complex mergers and acquisitions; real estate and limited liability/partnership transactions; joint ventures; workouts in and outside of bankruptcy; and business succession and wealth planning matters. He has worked extensively on tax matters in the Commercial Mortgage Backed Securities area relating to Real Estate Mortgage Investment Conduits (REMIC) and other real estate-based investment pools and has been involved in drafting industry-related legislative and regulatory changes to REMIC rules.
Sara Ainsworth, Associate
As an associate in the Securities & Corporate Finance practice, clients rely on Sara Ainsworth to work with Polsinelli’s team of attorneys to analyze each transaction matter to develop a strategic approach to representation based on the client’s immediate and long-term business and operational goals. Working closely with seasoned Polsinelli attorneys in the Securities & Corporate Finance practice, Sara helps deliver a range of legal services during the life cycle of the client’s business—from selecting the appropriate choice of entity through to exit strategy, and assisting with the nuts and bolts of fund formation and fund transactions.