--- title: 3 Potential Strategies for the Paycheck Protection Program (PPP) description: The goal of the Payroll Protection Program (PPP) is to allow businesses and their employees to weather this storm. Here are 3 strategies businesses could use to benefit from this loan program. image: https://blog.goosmannlaw.com/hubfs/payment%20protection%20program.jpg --- [![Goosman Lawfirm](https://blog.goosmannlaw.com/hs-fs/hubfs/Goosmannlaw%20October2017/images/Goosmann_Law_Firm_logo_4C-white.png?width=1250&name=Goosmann_Law_Firm_logo_4C-white.png "Goosman Lawfirm")](http://goosmannlaw.com/) - [COVID-19 Toolbox](https://goosmannlaw.com/covid-19-resource-toolbox/) - Our Team - [Attorneys](https://goosmannlaw.com/attorneys/) - [Non-Attorney Staff](https://http://goosmannlaw.com/non-attorney-staff/) - Practices & Industries - [Practices](https://goosmannlaw.com/practices/) - [Banking & Finance](https://goosmannlaw.com/banking-finance/) - [Bankruptcy, Restructuring & Workouts](https://goosmannlaw.com/bankruptcy-restructuring-workouts/) - [Business](https://goosmannlaw.com/business/) - [Divorce & Family Law](https://goosmannlaw.com/divorce-family-law/) - [Employment](https://goosmannlaw.com/employment-law/) - [Environmental, Health & Safety](https://goosmannlaw.com/health-safety/) - [Estate Planning](https://trustlawcounsel.com) - [Gestational Surrogacy & Adoption](https://goosmannlaw.com/gestational-surrogacy-adoption/) - [International Law](http://goosmannlaw.com/international-law/) - [Litigation / Trial Law](https://goosmannlaw.com/litigation-trial-law/) - [Local Counsel](https://http://goosmannlaw.com/local-counsel/) - [Mergers & Acquisitions](https://goosmannlaw.com/mergers-acquisitions/) - [Rapid Response](https://goosmannlaw.com/rapid-response/) - [Industries](https://goosmannlaw.com/industries/) - [Agribusiness & Cooperatives](https://goosmannlaw.com/agribusiness-cooperatives/) - [Construction](https://goosmannlaw.com/construction/) - [Cyber Law and Telecommunications](https://goosmannlaw.com/cyber-law/) - [Education](https://goosmannlaw.com/education/) - [Health Care](https://goosmannlaw.com/health-care/) - [Manufacturing](https://goosmannlaw.com/manufacturing-law/) - [Multifamily Housing](https://goosmannlaw.com/multifamily-housing-law/) - [Non-Profit & Tax Exempt Organizations](https://goosmannlaw.com/non-profit-law/) - [Real Estate](https://goosmannlaw.com/real-estate/) - [Transportation](https://goosmannlaw.com/transportation/) - [Tribal](https://goosmannlaw.com/tribal/) - Our Firm - [Firm News](https://blog.goosmannlaw.com/firm-news) - Careers - [Attorneys](https://goosmannlaw.com/careers/attorneys/) - [Administration](https://goosmannlaw.com/careers/administration/) - [Internships](https://goosmannlaw.com/careers/internships/) - [Client Testimonials and Results](https://goosmannlaw.com/our-firm/client-testimonials-and-results/) - [Culture, Diversity, and Community](https://http://goosmannlaw.com/our-firm/culture-diversity-and-community/) - [Women-Owned Business](https://goosmannlaw.com/our-firm/women-owned-business/) - [Associations & Memberships](https://goosmannlaw.com/associations-memberships/) - [Firm History](https://goosmannlaw.com/firm-history/) - Blogs - [CEO Law Review](https://blog.goosmannlaw.com/ceo-on-your-side) - [Construction Lawyer](https://blog.goosmannlaw.com/construction-lawyer-on-your-side) - [Cyber Lawyer](https://blog.goosmannlaw.com/cyber-lawyer-on-your-side) - [Deal Maker](https://blog.goosmannlaw.com/deal-maker-on-your-side) - [Divorce Docket](https://blog.goosmannlaw.com/divorce-lawyer-on-your-side) - [Food for Thought](https://blog.goosmannlaw.com/agricultural-lawyer-on-your-side) - [HR Legal Insider](https://blog.goosmannlaw.com/human-resources-on-your-side) - [Law Doc](https://blog.goosmannlaw.com/health-lawyer-on-your-side) - [Paralegal Review](https://blog.goosmannlaw.com/paralegal-review/) - [Real Estate Lawyer](https://blog.goosmannlaw.com/real-estate-lawyer-on-your-side) - [Risky Business](https://blog.goosmannlaw.com/risk-manager-on-your-side) - [The Banker’s Suit](https://blog.goosmannlaw.com/banking-lawyer-on-you-side) - [Trial Law Review](https://blog.goosmannlaw.com/trial-lawyer-on-you-side) - [Trust Law Counsel](https://blog.goosmannlaw.com/estate-planning-laywer-on-your-side) - Resources - [COVID-19 Resource Toolbox](https://goosmannlaw.com/covid-19-resource-toolbox/) - [Podcast](http://podcast.goosmannlaw.com/) - [Videos](https://goosmannlaw.com/videos/) - [FREE eBooks & Tools](https://goosmannlaw.com/free-ebooks-tools/) - Contact Us - [Office Locations](https://goosmannlaw.com/locations/) - [Sioux City Law Firm](https://goosmannlaw.com/locations/sioux-city-law-firm/) - [Sioux Falls Law Firm](https://goosmannlaw.com/locations/sioux-falls-law-firm/) - [Omaha Law Firm](https://goosmannlaw.com/locations/omaha-law-firm/) - [Spirit Lake & Spencer Law Firms](https://goosmannlaw.com/locations/spirit-lake-and-spencer-law-firm/) - [Real Estate Closings Office](https://goosmannlaw.com/locations/real-estate-closing-office/) - [Submit a Testimonial](https://goosmannlaw.com/submit-a-testimonial/) - [Sign Up for Our Newsletter](https://goosmannlaw.com/sign-up-for-our-newsletter/) - [Pay Online](https://goosmannlaw.com/pay-online-3/) - [  (855) 843-4531](tel:855-843-4531) ![](https://blog.goosmannlaw.com/hubfs/Blog_Images/Lockbox%20Lawyer/close-button.png) [tel:855-THE-GLF1](tel:855-THE-GLF1) [coronavirus](https://blog.goosmannlaw.com/ceo-on-your-side/topic/coronavirus) [COVID-19](https://blog.goosmannlaw.com/ceo-on-your-side/topic/covid-19) [CARES Act](https://blog.goosmannlaw.com/ceo-on-your-side/topic/cares-act) [Payment protection program](https://blog.goosmannlaw.com/ceo-on-your-side/topic/payment-protection-program) # [3 Potential Strategies for the Paycheck Protection Program (PPP)](https://blog.goosmannlaw.com/ceo-on-your-side/3-potential-strategies-for-the-paycheck-protection-program-ppp) By [Goosmann Law Team](https://blog.goosmannlaw.com/ceo-on-your-side/author/goosmann-law-team)   |  14, April 2020 [READ NOW](https://blog.goosmannlaw.com/ceo-on-your-side/3-potential-strategies-for-the-paycheck-protection-program-ppp) [Read Post](https://blog.goosmannlaw.com/ceo-on-your-side/3-potential-strategies-for-the-paycheck-protection-program-ppp#article) [![](https://blog.goosmannlaw.com/hs-fs/hubfs/Logos/Logo1.jpg?width=60&name=Logo1.jpg)](https://blog.goosmannlaw.com/ceo-on-your-side/author/goosmann-law-team) [Goosmann Law Team](https://blog.goosmannlaw.com/ceo-on-your-side/author/goosmann-law-team)  Tags: [coronavirus](https://blog.goosmannlaw.com/ceo-on-your-side/topic/coronavirus) [COVID-19](https://blog.goosmannlaw.com/ceo-on-your-side/topic/covid-19) [CARES Act](https://blog.goosmannlaw.com/ceo-on-your-side/topic/cares-act) [Payment protection program](https://blog.goosmannlaw.com/ceo-on-your-side/topic/payment-protection-program) ## **1. Use for payroll and take advantage of Forgiveness Program** The goal of the [Payroll Protection Program (PPP)](https://blog.goosmannlaw.com/ceo-on-your-side/what-businesses-need-to-know-about-the-cares-act) is to allow businesses and their employees to weather this storm.  The forgiveness provisions all relate to continuing employee payroll, and allowing businesses to pay rent/mortgages/utilities.  This forgiveness program is not designed to help businesses buy new equipment or pay off existing debt.  ## **2. Obtain loan to take advantage of low interest rate, but forego Forgiveness Program** Even without forgiveness available for certain spending, businesses may still decide that the use of PPP loan funds to buy equipment, pay off debt, or put in the bank is a wise move. While the applicant needs to intend to use the funds for payroll/rent, a business that finds itself with excess funds can use the funds for non-forgivable purposes. The PPP loans carry a one-percent interest rate, and payments are deferred for 6 months.  If a business doesn’t want to partake in PPP it can still get a loan, but such loan through the SBA’s Disaster Loan Program.  Businesses may also obtain a loan on reasonable terms to make capital improvements in the company, such as to buy equipment, pay off debt, or to build up cash reserves. ## **3. Forego PPP Loan and maintain eligibility for certain tax credits** Businesses that choose to forego both the PPP loan and the [Disaster Recovery Loan](https://www.sba.gov/funding-programs/disaster-assistance) may have the opportunity to reap certain tax credits at a later date. ## **Strategies for compliance and maintaining forgiveness eligibility** for the PPP Loan After the funds have been received and are being used for a forgivable purpose, businesses will need to proactively request forgiveness from their lending financial institution.  In order to receive forgiveness, businesses will need to show proof of how the funds were spent.  Businesses should keep an organized filing system and documentation for all pay stubs, invoices, and proof of payment for rent/mortgages/utilities.  In order to ensure the business has the greatest opportunity to have the PPP loan forgiven, it is advised and suggested that they place these funds in a  separate checking account from their typical daily operating account.  This will allow for a more straightforward money trail, as well as prevent the need to disclose bank statements that show all of a business’ spending, rather than simply the spending that relates to the PPP loan and forgivable spending.  Finally, please keep in mind that there is a limit on how much of the PPP can be used for Rent, mortgage, and utilities.  That amount is 25% of the total loan amount.     [![Visit Our COVID-19 Resource Toolbox](https://no-cache.hubspot.com/cta/default/489404/59c3de8d-4035-4750-b970-40f2d332fb15.png)](https://cta-redirect.hubspot.com/cta/redirect/489404/59c3de8d-4035-4750-b970-40f2d332fb15) ### Select Different CTA for each Post from Blog Editor [![New Call-to-action](https://no-cache.hubspot.com/cta/default/489404/a8cefc17-3b9d-4de0-89cd-e60a64752422.png)](https://cta-redirect.hubspot.com/cta/redirect/489404/a8cefc17-3b9d-4de0-89cd-e60a64752422) ### Subscribe Our Blog Thanks for submission!! - Recent - Popular ### Posts by Topic - [CEO (159)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/ceo) - [Business News and Insights (65)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/business-news-and-insights) - [Firm News (31)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/firm-news) - [COVID-19 (16)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/covid-19) - [Employment News and Insights (15)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/employment-news-and-insights) - [Real Estate News and Insights (14)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/real-estate-news-and-insights) - [Litigation & Trial (11)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/litigation-trial) - [Business Litigation (7)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/business-litigation) - [coronavirus (7)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/coronavirus) - [Litigation News and Insights (6)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/litigation-news-and-insights) - [PPP Loans (6)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/ppp-loans) - [Business Law (5)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/business-law) - [CARES Act (5)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/cares-act) - [Corporate Law (5)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/corporate-law) - [Employment Law (5)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/employment-law) - [Estate Planning (5)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/estate-planning) - [Real Estate Law (5)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/real-estate-law) - [Finance (4)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/finance) - [Taxes (4)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/taxes) - [business owner (4)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/business-owner) - [2021 (3)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/2021) - [Be Worth It (3)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/be-worth-it) - [Business Leader (3)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/business-leader) - [Employer (3)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/employer) - [Human Resources (3)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/human-resources) - [Risk Management (3)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/risk-management) - [cpa (3)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/cpa) - [entrepreneur (3)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/entrepreneur) - [Buy-Sell (2)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/buy-sell) - [Construction News and Insights (2)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/construction-news-and-insights) - [Cryptocurrency (2)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/cryptocurrency) - [Cyber Law (2)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/cyber-law) - [Deal Maker (2)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/deal-maker) - [Divorce & Family Law (2)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/divorce-family-law) - [Employee Benefits (2)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/employee-benefits) - [FFCRA (2)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/ffcra) - [Family Law News and Insights (2)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/family-law-news-and-insights) - [Filing a Lawsuit (2)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/filing-a-lawsuit) - [HR (2)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/hr) - [Inflation (2)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/inflation) - [Payment protection program (2)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/payment-protection-program) - [Selling a Business (2)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/selling-a-business) - [Sioux City Law Firm (2)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/sioux-city-law-firm) - [Sioux Falls Law Firm (2)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/sioux-falls-law-firm) - [Small Business Owner (2)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/small-business-owner) - [Strategies (2)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/strategies) - [Trust Planning (2)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/trust-planning) - [Wellness Plans (2)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/wellness-plans) - [commercial real estate (2)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/commercial-real-estate) - [cybersecurity (2)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/cybersecurity) - [leadership (2)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/leadership) - [omaha law firm (2)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/omaha-law-firm) - [small business (2)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/small-business) - [tax law (2)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/tax-law) - [2018 (1)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/2018) - [2020 (1)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/2020) - [30(B)(6) Notice (1)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/30b6-notice) - [Agriculture (1)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/agriculture) - [Banking (1)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/banking) - [Bankruptcy (1)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/bankruptcy) - [Blockchain Technology (1)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/blockchain-technology) - [Breach of Contract (1)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/breach-of-contract) - [Business Divorce (1)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/business-divorce) - [Business Planning (1)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/business-planning) - [Conference (1)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/conference) - [Contracts (1)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/contracts) - [Creditor (1)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/creditor) - [DAPT (1)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/dapt) - [Dodd-Frank Act (1)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/dodd-frank-act) - [ESOP (1)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/esop) - [Employment Handbook (1)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/employment-handbook) - [Family Business (1)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/family-business) - [Financial Planning (1)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/financial-planning) - [First Amendment (1)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/first-amendment) - [Government Contract (1)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/government-contract) - [Hiring & Firing (1)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/hiring-firing) - [IRS (1)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/irs) - [LLC vs. S-Corp (1)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/llc-vs-s-corp) - [Lawsuit (1)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/lawsuit) - [Marijuana (1)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/marijuana) - [Media Law and Technology & Science (1)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/media-law-and-technology-science) - [Networking (1)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/networking) - [Non-Disclosure Agreements (1)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/non-disclosure-agreements) - [OSHA (1)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/osha) - [OSHA News (1)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/osha-news) - [Petitioning Creditor (1)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/petitioning-creditor) - [Real Estate (1)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/real-estate) - [SBA disaster loan (1)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/sba-disaster-loan) - [SEC regulations (1)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/sec-regulations) - [Sioux City Attorney (1)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/sioux-city-attorney) - [Sioux Falls Attorney (1)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/sioux-falls-attorney) - [Succession Plan (1)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/succession-plan) - [Tax Credit (1)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/tax-credit) - [Team Culture (1)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/team-culture) - [Team Motivation (1)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/team-motivation) - [Technology Driven Workplace (1)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/technology-driven-workplace) - [Telephone Consumer Protection Act (1)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/telephone-consumer-protection-act) - [Trade Secrets (1)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/trade-secrets) - [Training (1)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/training) - [Trust Law Counsel (1)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/trust-law-counsel) - [Twitter (1)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/twitter) - [U.S. House of Democrats (1)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/u-s-house-of-democrats) - [Vaccinations (1)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/vaccinations) - [Witness Selection (1)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/witness-selection) - [book (1)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/book) - [crisis management (1)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/crisis-management) - [freedom of speech (1)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/freedom-of-speech) - [hedge fund (1)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/hedge-fund) - [investor (1)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/investor) - [legal problems (1)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/legal-problems) - [paycheck protection program (1)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/paycheck-protection-program) - [payroll (1)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/payroll) - [revenue (1)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/revenue) - [sexual harassment claims (1)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/sexual-harassment-claims) - [succession planning (1)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/succession-planning) - [tax reform (1)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/tax-reform) - [trademark (1)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/trademark) - [wage and hour (1)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/wage-and-hour) - [wealth planning (1)](https://blog.goosmannlaw.com/ceo-on-your-side/topic/wealth-planning) DISCLAIMER: The information in this blog post (“post”) is provided for general informational purposes only, and may not reflect the current law in your jurisdiction. By visiting this website, blog, or post you understand that there is no attorney client relationship between you and the Goosmann Law Firm attorneys and website publisher. No information contained in this post should be construed as legal advice from Goosmann Law Firm, PLC, or the individual author, nor is it intended to be a substitute for legal counsel on any subject matter. No reader of this post should act or refrain from acting on the basis of any information included in, or accessible through, this Post without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from a lawyer licensed in the recipient’s state, country or other appropriate licensing jurisdiction. #### Let Us Know What You Thought about this Post. Put your Comment Below. [Previous Post](https://blog.goosmannlaw.com/ceo-on-your-side/covid-19-updates) ##### [COVID-19 Updates: How They Impact Your Business & What To Do Now](https://blog.goosmannlaw.com/ceo-on-your-side/covid-19-updates) [Next Post](https://blog.goosmannlaw.com/ceo-on-your-side/foreign-owned-us-subsidiaries-are-not-automatically-excluded-from-the-paycheck-protection-program-ppp) ##### [Foreign Owned US Subsidiaries Not Automatically Excluded From Paycheck Protection Program (PPP)](https://blog.goosmannlaw.com/ceo-on-your-side/foreign-owned-us-subsidiaries-are-not-automatically-excluded-from-the-paycheck-protection-program-ppp) ### Contact Info **Sioux City Location** P. 712-226-4000 F. (712) 224-4517 **Sioux Falls Location** P. (605) 371-2000 F. (605) 275-2039 **Omaha Location** P. (402) 280-7648 F. (402) 505-3967 --- [Disclaimer](http://goosmannlaw.com/list-all-blogs/disclaimer/) | [Privacy Policy](http://goosmannlaw.com/privacy-policy/) ### Locations **Sioux City Location** 410 5th Street Sioux City, IA 51101 **Sioux Falls Location** 5010 S. Minnesota Avenue, Suite 100 Sioux Falls, SD 57108 **Omaha Location** Advent Building 17838 Burke Street, Suite 250 Omaha, NE 68118 ![Goosmann](https://blog.goosmannlaw.com/hs-fs/hubfs/Blog_Images/Lockbox%20Lawyer/goosmann-white.png?width=250&name=goosmann-white.png "Goosmann") Goosmann Law Firm is a FULL SERVICE LAW FIRM with locations in Sioux City, Iowa, Sioux Falls, South Dakota, and Omaha, Nebraska. Goosmann Law attorneys are licensed to practice in Iowa, Nebraska, South Dakota, and North Dakota. Their attorney team's practices and industries include but are not limited to Agribusiness and Cooperatives, Banking and Finance, Bankruptcy, Restructuring and Workouts, Business, Construction, Cyber Law and Telecommunications, Divorce and Family Law, Education, Employment, Environmental Health and Safety, Gestational Surrogacy and Adoption, Health Care, Litigation and Trial Law, Manufacturing, Mergers and Acquisitions, Municipal, Nonprofit and Tax Exempt Organizations, Real Estate, and Transportation, Tribal, Wills, Trusts, Estate Planning, and Probate Law. Goosmann © Copyright 2017