Insights

MPL General Counsel Corner – Maybe I am forecasting and I don’t know it!

May 19, 2020

In my weekend reading, I came across the following quote from noted Economist John Kenneth Galbraith that I thought was appropriate given the current situation:

“We have two classes of forecasters:  Those who don’t know – and those who don’t know they don’t know.”

As we progress through the current situation, I am sure you will agree that the forecasters have somewhat missed the mark as it relates to Covid infection rates, deaths, hospital utilization and so on.  I am not making the statement to criticize their efforts, but merely to point out that you can only control what is right in front of you.

If you continue working on your business, talking with your personal Board of Directors and using your professional advisors, I would bet that you will come out the other side of this crisis in a much better position.  Then again maybe I am forecasting and I don’t know it.

Keep moving forward, things will get back to normal.

As a reminder, if you are planning to return the PPP funds without any further obligations (i.e., as if you never received them), today is the last day to do it.

Also, for those that are approaching the end of your PPP initial 8 weeks, here is the loan forgiveness application.  There are several PPP Loan Forgiveness webinars that are coming up.  I have listed them in the bullet points below.

Here are some other things that may be important or relevant for you:

Please see all of our prior updates at the this link or if you would like to be added to our email list, please click here

As always, please don’t hesitate to email myself (jsanders@mpl-law.com), Andy Miller (amiller@mpl-law.com), Christian Miller (cmiller@mpl-law.com) or anyone in our office with questions or comments.  

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