Ercie  ·  Pre-Engagement Research  ·  Internal — Hundredfold review only

The June Cork Pub — ERC Pre-Engagement Research

Public-information pre-research. Engagement letter not yet signed. Held for analyst review; do not surface to client.
Author: Ercie Date: 2026-05-02 Reviewer: Ryan Status: Pre-LOI

1. Business Basics

2. Founding-Date / Legal-Entity Question

Critical flag for analyst. The public record contains a structural ambiguity that materially affects ERC eligibility analysis. This determination should be the first question at intake.

Two possible reads:

Read A — same legal entity, rebrand

Bushnell acquired Weeksie's Pizza's existing legal entity in December 2019 and rebranded operations after a renovation period. Under this read, the legal employer existed before February 15, 2020 → not an RSB; the 2019 baseline for the gross-receipts decline test would be Weeksie's Pizza 2019 figures.

Read B — new legal entity

Bushnell formed a new LLC (e.g., "June Cork Pub LLC" or similar) that acquired the location/assets and began carrying on a trade or business in June 2020 → potentially a Recovery Startup Business for 2021 Q3 and 2021 Q4 (the only post-IIJA pathway for Q4 2021), subject to the ≤$1M average annual gross-receipts cap and the $50K/quarter credit cap. Under this read there is no 2019 comparable for the gross-receipts decline test, and the alternative comparison rules for new employers apply (Notice 2021-23, Notice 2021-49).

Why this is load-bearing: RSB vs. non-RSB radically changes which quarters are even reachable and which test is available. Required client documents to resolve: NH Secretary of State business filing showing entity formation date and EIN issuance date; copy of the Weeksie's Pizza purchase agreement showing whether it was an asset sale or stock/membership-interest sale; copy of the entity's first Form 941 to confirm operating start date.

3. NH / Strafford County Jurisdiction-Orders Timeline

Source citations below pulled from public sources (NH Governor's office press releases, Ballotpedia, Husch Blackwell tracker, Citizens Count). Each order should be cited by name/number/effective date in the appeal packet; analyst should retrieve primary text from the NH Governor's emergency-orders archive (governor.sununu.nh.gov/news-and-media/emergency-orders-2020) before drafting IRS-facing language.

DateEventEffect on Dover restaurant ops
2020-03-16NH emergency order — dine-in / bar service closureFull suspension of dine-in service. Takeout/delivery only.
2020-03-27NH Emergency Order #17 — Stay-at-Home / closure of non-essential businesses (effective 11:59 PM)Stay-at-home period. Restaurants restricted to takeout/delivery only.
2020-06-15NH allows indoor dining to resume — Strafford County limited to 50% capacity, tables ≥6 ft apart (six other counties at 100%)Partial suspension — capacity cap.
2020-08-21Strafford County (with Hillsborough, Rockingham, Merrimack) moves to 100% capacity with 6 ft table spacing retainedSpacing restriction continues; capacity cap lifted.
2020-10-01Tables permitted <6 ft apart with physical barriers between partiesReduced spacing burden subject to barrier installation.
2020-10-29Restaurants required to collect customer name + phone for contact tracingOperational compliance burden.
2021-05-07All NH restaurant restrictions liftedEnd of partial-suspension fact pattern.

4. Quarter-by-Quarter Implications (Pre-Engagement Preview, Not a Position)

QuarterRestriction profilePre-engagement note
2020 Q2 ~76 of 91 days under full closure / takeout-only (Apr 1 – Jun 14); remainder at 50% capacity. Strong partial-suspension fact pattern. Gross-receipts test pathway depends on Read A vs. Read B above.
2020 Q3 50% capacity through Aug 21 (~52 of 92 days), then 100% with 6 ft spacing remainder. Partial-suspension fact pattern through Aug 21; mixed-quarter analysis past that.
2020 Q4 6 ft spacing → barrier-or-spacing rules from Oct 1; contact-tracing data-collection mandate from Oct 29. Partial-suspension fact pattern is thinner here; quantification of operational impact required.
2021 Q1 Spacing/barrier + contact-tracing mandates throughout the quarter. Strong quarter on the partial-suspension prong.
2021 Q2 Restrictions in force only through May 7 (~37 of 91 days). Partial-quarter eligibility flag. Partial-suspension argument covers <50% of the quarter calendar; gross-receipts decline test is the more likely primary pathway, threshold dependent on the legal-entity question above.
2021 Q3 No NH state-level restaurant orders. Partial-suspension prong unavailable absent county/local order. Eligibility depends on (a) gross-receipts decline vs. 2019 (or 2020 fallback if no 2019 comparable), or (b) RSB pathway if Read B applies.
2021 Q4 No NH state-level restaurant orders. Eligible only as RSB. Read B is the gating question.

5. NAICS Classification — Flag for Analyst

The pub serves substantial food (multiple meal services listed) but is also clearly drink-forward (12 taps, 20+ bottles, cocktails/wine, Cicerone-certified staff). Two candidates:

Why it matters: NAICS classification matters for PPP/RRF analysis (RRF eligibility tracked food-and-beverage NAICS codes; specific filings rely on the entity's self-reported NAICS). Action: confirm at intake what NAICS code the entity used on its Forms 941 and federal income tax return; pull the food-vs-alcohol revenue split from POS data once available.

6. PPP / RRF Status — Open

Public searches for "June Cork Pub" PPP and RRF awards returned no specific records. Three possibilities, none ruled out:

  1. PPP loan was sub-$150,000 — SBA's release of <$150K loans was less granular and may not surface in standard public lookups under the trade name.
  2. PPP/RRF was filed under a different LLC / entity name (parent or DBA) — needs the entity's legal name to confirm.
  3. The business did not take PPP/RRF.

Action: confirm at intake; request copies of any PPP forgiveness application and any RRF award documentation. ERC qualified-wage base must be reconciled against PPP-forgiven wages and RRF-funded wages per Notice 2021-20 Q&A 49 and Notice 2021-49.

7. Documents to Request at Engagement-Letter Signing / Intake

Restaurant-vertical canonical list, scoped to this case:

  1. Entity formation documents — NH SOS filing, EIN issuance letter, operating agreement (resolves the Read A vs. Read B question above).
  2. Purchase documentation for the Weeksie's Pizza acquisition — asset vs. equity sale, closing date, what carried over.
  3. All quarterly Forms 941 for 2020 and 2021.
  4. Any prior Forms 941-X filed for ERC quarters, with status (accepted / denied / pending).
  5. Payroll registers for covered quarters, with FOH (servers, hosts, bartenders) / BOH (kitchen) split.
  6. W-2s for covered employees; Form 8027 if 10+ employees and tipped operations.
  7. POS data — daily/quarterly gross sales and customer counts (Toast, Square, Aloha, Micros, etc.).
  8. Tip-wage workpapers — Form 8027 ↔ Form 8846 (FICA tip credit) ↔ ERC qualified-wage base reconciliation.
  9. PPP loan documents — promissory note, forgiveness application, by-employee/by-pay-period covered-payroll detail.
  10. RRF award documentation, if any — application, award letter, use-of-funds report.
  11. Owner identification per intake default rule — names of owners (≥50% stake) + spouse names, with wages paid to them in covered quarters (excluded from intake total per hf/intake/related-party-default.md).
  12. Any IRS correspondence on the ERC — Letter 105C / 106C / 6577C / 6612, CP-series notices.
  13. Record of any state, county, or municipal COVID-19 orders the operator believes affected operations beyond the canonical NH timeline (county or City of Dover orders, if any).

8. Audit-Posture Flags Specific to This Case

9. SOL Posture

Standard Kwong / IRC § 7508A(d) two-track filing posture applies. Outer 941-X / Form 843 protective-claim deadlines for the 2020 and 2021 quarters cluster around 2026-07-10 under Kwong. Engagement signed in May 2026 has tight execution lead time; for any multi-quarter file, document collection should start the day the engagement letter signs.

10. Open Questions for Ryan

  1. Confirm which entity the engagement runs under (legal LLC name, EIN). Determines Read A vs. Read B above.
  2. Confirm whether the client took any PPP / RRF / EIDL funding; pull documentation.
  3. Confirm the client's NAICS self-classification on prior 941s and federal income tax return.
  4. Decision: which quarters does Hundredfold want to pursue? My pre-research preview suggests 2020 Q2/Q3 and 2021 Q1 are the cleanest; 2021 Q2 and Q3 are partial-quarter / merits-thin; 2021 Q4 is RSB-gated.
  5. Any prior ERC promoter engagement on this client? If yes, pull prior 941-X filings before any new draft work.