Michael A. Zalay Corporate Lawyer Much Shelist Chicago, IL

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Professional Biography

Chair of the firm's Corporate & Finance group, Michael is an accomplished business attorney. He is experienced in structuring and negotiating business transactions for clients ranging from startups to established companies. Michael regularly advises clients on acquisitions and dispositions of businesses and real estate, corporate and LLC formation and governing documents, private placements, stock sale and asset purchase agreements, supplier and distribution agreements, professional services agreements, and commercial and retail leases. He also assists clients in the formation of shareholder, member, and partner relationships, as well as the resolution of related disputes.

Serving as de facto general counsel, Michael advises clients on issues ranging from day-to-day operations to extraordinary transactions. His practice spans numerous industries, including information technology, medical, consulting, construction, marketing, manufacturing and distribution, industrial recycling, financial services, and real estate. He also has extensive experience representing clients in the food service and hospitality industries, including chefs and restaurant owners.

More Legal and Business Bylines From Michael A. Zalay

American Rescue Plan Act Provides $28.6 Billion in Relief for Restaurant Industry - (Posted On Friday, March 12, 2021)
Paycheck Protection Program Round 2: The Highlights - (Posted On Monday, December 28, 2020)
Paycheck Protection Program: What's Next for Borrowers? - (Posted On Tuesday, December 15, 2020)
We Received Our PPP Funds, Now What? An Updated Guide to Loan Forgiveness - (Posted On Thursday, June 25, 2020)
Congress Passes the Paycheck Protection Program Flexibility Act - (Posted On Friday, June 05, 2020)
U.S. Treasury and SBA Issue Additional Guidance and Clarification on PPP "Good-Faith Certification" - (Posted On Tuesday, May 19, 2020)
We Received Our PPP Funds, Now What? SBA Provides Additional Guidance Regarding Loan Forgiveness - (Posted On Tuesday, May 19, 2020)
Congress Approves Additional Funding for Small Business Loans and Aid for Hospitals and Testing - (Posted On Friday, April 24, 2020)
Next Steps for Small Businesses Applying for the Paycheck Protection Program - (Posted On Wednesday, April 01, 2020)

Financial Law

SBA Paycheck Protection Program

Michael A. Zalay is a National Law Review Go-To Thought Leader for his articles on the Paycheck Protection Program (PPP) and how they impact companies’ financial and employment decisions. Mr. Zalay’s analysis of PPP loan forgiveness, details on good faith certification and the certification of loan necessity emphasized the steps businesses needed to take to make the most of the program, and he provides action items to help ensure compliance and loan forgiveness, providing a roadmap for survival during these difficult times.