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Luca CM Melchionna, Esq., Managing member Luca CM Melchionna has 25+ years of experience in both private practice and academia, in Italy and in the United States. He is a...
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About us
Mission and Values
Mission Melchionna PLLC is an indipendent law firm. Melchionna PLLC’s mission is to provide outstanding legal services and tax advice. We focus on building a relationship with...
About us
Melchionna PLLC, a law firm with a focus on business, corporate, tax, and IP law.
About us Melchionna PLLC represents and assists North American and European business clients in achieving their goals with sound legal advice and innovative solutions to current...
Business law
Paycheck Protection Program and Health Care Enhancement Act – COVID-19 – April 24-2020
On April 21, 2020, Congress passed the Paycheck Protection Program and Health Care Enhancement Act, its fourth major coronavirus relief package. The bill amends the CARES Act to...
Alcohol Law
Online alcohol sales benefit of a new regulatory approach
During the Covid-19 pandemic, alcohol sales and home delivery services for wine, beer and spirits are on the rise. This is due to a novel regulatory approach that changed alcohol...
Business law
CARES Act. PPP loans to foreign-owned small businesses (FOSB). April 3, 2020 SBA Guidance.
The CARES Act, enacted March 27, 2020, (P.L. 116-136) includes the new Paycheck Protection Program (PPP), which offers forgivable loans from $1,000 up to $10 million to small...
Business law
The 2020 CARES (Coronavirus Aid, Relief, and Economic Security) Act – Summary – Business Loan Application and Forgiveness (2020 CARES Act) – Paycheck Protection Program – March 30, 2020 (6:34pm)
On March 25, 2020, the United States Senate unanimously approved a $2 trillion rescue package to combat the Covid-19-induced economic downturn...
Business law
The 2020 CARES (Coronavirus Aid, Relief, and Economic Security) Act – Summary. March, 27 2020 – 10:30 am
On March 25, 2020, the United States Senate unanimously approved a $2 trillion rescue package to combat the Covid-19-induced economic downturn...
International tax
Tax Inversion under Italian and U.S. Regulations
Abstract “Esterovestizione” – a.k.a. “tax inversion” or “corporate expatriation” is the practice of moving a domestic parent company to a foreign jurisdiction with a lower tax...
Business law
COVID-19 – Legal, corporate, and tax advisory
As a law firm with global reach, Melchionna PLLC would like to reaffirm its support to clients and prospective clients affected by the worldwide spread of the COVID-19 (COrona...
Tax Law
Chamberlain and Edelman: double taxation, the dormant commerce clause and a few planning considerations
In the 2015 case Comptroller of Treasury of Md. v Wynne, 575 U. S. 542 (2015)(‘Wynne‘) the United States Supreme Court affirmed that a state’s...
M&A and corporate law
When and how to pull levers: intent and enforceability of term sheet/letter of intent
Introduction A term sheet (TS) should be able to document with reasonable clarity and transparency corporate intent to reach certain goals. Similar to a TS, a letter of intent...
Tax Law
Corporate tax reform in Missouri
Missouri’s Senate Bill 884 of 2018 (the “Act”), which lowered the corporate rate from 6.25% to 4%, became effective on January 1st this year, making the state one of the lowest...
Paycheck Protection Program and Health Care...
On April 21, 2020, Congress passed the Paycheck Protection Program and Health Care Enhancement Act, its fourth major coronavirus relief package. The bill amends the CARES Act to replenish the Paycheck Protection Program (PPP) — which ran out of money in just 13 days — increase funds available for the SBA economic injury disaster program, and expand access to both programs. It also provides additional relief for hospitals and coronavirus testing across the country.
Here are the details of the bill’s major provisions:
Paycheck Protection Program (PPP)
- $310
billion in new funding for the PPP in accordance to Section 7(a) of the SBA;
- $60 billion is reserved for small banks, community financial institutions, and credit unions. This set-aside will help ensure small businesses and underserved communities still have access to the PPP loans
Economic Injury Disaster Grants/Loans (EIDL)
- $10 billion in additional funding for coronavirus-related economic injury disaster loans (EIDL);
- $50 billion in additional funding for direct loans under the economic injury disaster loans program (DLP);
- Agricultural enterprises with fewer than 500 employees are now also eligible for economic injury disaster loans and grants
Health Care Support and Coronavirus Testing
- $75 billion in new funding for health care providers for expenses and losses related to Covid-19;
- $25 billion for research, development, manufacturing, and surveillance of Covid-19 tests
Interested businesses should contact their lenders as soon as possible to submit an application.