--- title: Paycheck Protection Program Flexibility Act of 2020 description: President Trump signed into law the Paycheck Protection Program Flexibility Act of 2020. This blog lays out the modifications and guidance for the loan. image: https://blog.goosmannlaw.com/hubfs/69871207_s.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) [COVID-19](https://blog.goosmannlaw.com/ceo-on-your-side/topic/covid-19) [PPP Loans](https://blog.goosmannlaw.com/ceo-on-your-side/topic/ppp-loans) # [Paycheck Protection Program Flexibility Act of 2020](https://blog.goosmannlaw.com/ceo-on-your-side/paycheck-protection-program-flexibility-act-of-2020) By [Aaron Adams & Thomas Dorwart](https://blog.goosmannlaw.com/ceo-on-your-side/author/aaron-adams-thomas-dorwart)   |  8, June 2020 [READ NOW](https://blog.goosmannlaw.com/ceo-on-your-side/paycheck-protection-program-flexibility-act-of-2020) [Read Post](https://blog.goosmannlaw.com/ceo-on-your-side/paycheck-protection-program-flexibility-act-of-2020#article) [![](https://blog.goosmannlaw.com/hs-fs/hubfs/G%20Logo_Large.png?width=60&name=G%20Logo_Large.png)](https://blog.goosmannlaw.com/ceo-on-your-side/author/aaron-adams-thomas-dorwart) [Aaron Adams & Thomas Dorwart](https://blog.goosmannlaw.com/ceo-on-your-side/author/aaron-adams-thomas-dorwart)  Tags: [COVID-19](https://blog.goosmannlaw.com/ceo-on-your-side/topic/covid-19) [PPP Loans](https://blog.goosmannlaw.com/ceo-on-your-side/topic/ppp-loans) With an almost unanimous vote in both the House and Senate, President Trump recently signed into law the Paycheck Protection Program Flexibility Act of 2020 (the “Flexibility Act”). The Flexibility Act makes modifications to, and provided further guidance about, the PPP program Congress passed earlier this year.  ## In particular, the Flexibility Act includes the following provisions: - The forgiveness period for PPP loans has been extended from 8 weeks to the earlier of either 24 weeks or December 31, 2020. Borrowers can still elect to use the 8-week period based on the date it received the PPP funds, meaning a Borrower need not wait until the end of the calendar year to apply for loan forgiveness. - For unforgiven loans, the loan maturity has been extended from two years to five years, but the interest rate remains at 1%. - Borrowers no longer need to allocate the loan amount in a 75/25 ratio related to payroll expense. The new ratio is 60/40 **however** Borrowers are now obligated to spend a minimum of 60% on payroll. If they fail to do so, none of the loan will be forgiven.  - Borrowers can use the 24-week period to restore their workforce levels and wages to the pre-pandemic levels required for full forgiveness. This must be done by Dec. 31, 2020 a change from the previous deadline of June 30. - The Flexibility Act now includes two additional exceptions allowing Borrowers to achieve full loan forgiveness even if they don’t fully restore their workforce. Previous guidance already allowed Borrowers to exclude from those calculations employees who turned down good faith offers to be rehired at the same hours and wages as before the pandemic. The two new exceptions are: - Inability to find qualified employees to perform the jobs required by the Borrower; and - Borrower is unable to restore business operations to Feb. 15, 2020, levels due to compliance with requirements established or guidance issued by the Secretary of Health and Human Services, the Director of the Centers for Disease Control and Prevention, or the Occupational Safety and Health Administration during the period beginning on March 1, 2020, and ending December 31, 2020, related to the maintenance of standards for sanitation, social distancing, or any other worker or customer safety requirement related to COVID–19. - Lenders can now defer principal and interest payments that may be required by a Borrower up to the date they receive the forgiveness amount from the SBA. Previously this time period was capped at six months. - Previously if a Borrower received a PPP loan, they were prohibited from taking advantage of the payroll tax deferral after their PPP loan was forgiven. The Flexibility Act removes this restriction, allowing Borrowers to take advantage of the payroll tax deferral from March 27 to Dec. 31, 2020. Borrowers can now defer all of its payroll tax burden to 2021 and 2022 even if the loan is forgiven before December 31, 2020. For more information about recommended steps, please contact your Goosmann Law Firm relationship partner. We will continue to keep you apprised of relevant developments. Click [here](https://goosmannlaw.com/covid-19-resource-toolbox/) for Goosmann’s Covid-19 Resource Toolbox for insights and resources to support your business during this challenging time. [![Contact Us](https://no-cache.hubspot.com/cta/default/489404/a0a6fbc4-dfb1-4601-91d9-472d71800e64.png)](https://cta-redirect.hubspot.com/cta/redirect/489404/a0a6fbc4-dfb1-4601-91d9-472d71800e64) ### 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/cash-is-king-hang-onto-it-in-these-times-of-covid-19) ##### [Cash Is King: Hang Onto It In These Times Of COVID-19](https://blog.goosmannlaw.com/ceo-on-your-side/cash-is-king-hang-onto-it-in-these-times-of-covid-19) [Next Post](https://blog.goosmannlaw.com/ceo-on-your-side/company-culture-has-to-change-after-covid-19) ##### [Company Culture Has to Change After COVID-19: How Can Your Benefits Provider Help?](https://blog.goosmannlaw.com/ceo-on-your-side/company-culture-has-to-change-after-covid-19) ### 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