he Small Business Administration (SBA) has published guidance for the $349 billion Paycheck Protection Program (PPP) contained in The CARES Act. The PPP is designed to help small and mid-sized businesses offset the economic impact of the COVID-19 pandemic.
SBA Payment Protection Program Loans – Use of Proceeds and Loan Forgiveness
The Small Business Administration (SBA) has published guidance for the $349 billion Paycheck Protection Program (PPP) contained in The CARES Act. The PPP is designed to help small and mid-sized businesses offset the economic impact of the COVID-19 pandemic.
The Legal Impact of the Coronavirus On Your NJ and NY Business
We are living in uncertain and unprecedented times, and businesses are not exempt from the impact of the COVID-19 virus. Government shutdowns and workforce restrictions have left business owners guessing as to whether their companies are “essential” or “non-essential,” and can remain open under lockdowns imposed by state governments. Recent Executive Orders by state governors Murphy and Cuomo identify the “essential” industries and business that can remain open during the lockdowns provided the businesses follow workplace distancing practices.
5 Tips for Managing Business and Legal Risk for Manufacturers and Supply Chains during the COVID-19 Pandemic
We are living in uncertain and unprecedented times, and businesses are not exempt from the impact of COVID-19. Government shutdowns, workforce restrictions, and the stock market’s plunge have unsteadied the economy and affected businesses large and small as they fight to adapt to the “new normal” while trying to maintain a “business as usual” approach. Business owners need to manage today but must look ahead to identify and prepare for risk caused by the COVID-19 virus.
The Legal Impact of the Coronavirus On Your Business
As you evaluate your agreements and consider the above steps for each relevant contract, we can assist in providing a more detailed review of your contracts and insurance policies to determine the best course of action to mitigate risk and possibly recover damages. Early legal evaluation may also result in a less costly outcome down the road.