The U.S. Treasury and Small Business Administration Grant Small Businesses a Safe Harbor

Yesterday, the U.S. Treasury and Small Business Administration stated that businesses seeking less than $2 million in emergency relief via the Paycheck Protection Program will be considered qualified unless it is proven otherwise. Many small businesses were initially denied access to the PPP, which is why this comes as a welcome message to all. Furthermore, […]

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THE DENIAL OF YOUR BUSINESS INTERRUPTION INSURANCE CLAIM MAY NOT BE JUSTIFIED UNDER THE LAW

Due to the COVID-19 pandemic, the cash flow of your business has diminished or all but disappeared.  You do not know if your business will survive the pandemic and resume normal operations.  In an effort to replace the revenue your business has lost, you filed a claim for business interruption losses with your business’ insurance […]

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CARES ACT EXPANDS ELIGIBILITY FOR NEWLY EFFECTIVE SMALL BUSINESS REORGANIZATION ACT

The SBRA—we hardly knew you. The ink was barely dry on The Small Business Reorganization Act of 2019 (“SBRA”) when the CARES Act significantly modified the definition of “who may be a debtor” under the SBRA.  The SBRA, which took effect on February 19, 2020, added a new Subchapter V (five) to the Bankruptcy Code […]

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Tips For Helping Your Business Survive COVID-19

Covid-19 is a menace to human health, social interaction, the economy and particularly small businesses across this country.  The current approach for returning to some semblance of normalcy in our personal lives and business concerns, is to curtail the spread of the virus through social distancing while science searches for the cure.  Our strict compliance […]

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BUSINESS INTERRUPTION INSURANCE CLAIMS DURING CORONAVIRUS

If you are operating a business that has or is expected to sustain losses of revenue and operating expenses, check your business’ insurance policies to determine if your business is insured for Business Interruption (BI) – the loss of income and operating expenses. If so, your policy likely includes a coverage exclusion relating to viruses. […]

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Will my business owner’s policy cover my loss of business income and operating expenses related to COVID-19

If you are the owner of a business, large or small, which maintains a Business Owner’s Insurance Policy, which provides coverage for the loss of business income and operating expenses, you are probably wondering whether your business will be able to successfully make a claim for such losses. The answer lies, in large part, in […]

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Arbitration For Business Disputes

Arbitration is becoming increasingly common because so many companies, employers, insurance companies and contractors are adding arbitration clauses to their contracts.  Courts are motivated to enforce these clauses in order to reduce a long backlog of cases. Determining Whether Your Dispute Is Subject to Arbitration Some contracts may not clearly specify whether disagreements shall be […]

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What are the different types of business formations?

Forming a business requires a lot of preparation. It is important to understand the various aspects of forming a business, including your options for the type of enterprise, who has ownership, and who has control of the business. Here is an explanation of the different business organizations available as you start your business pursuits. LLC’s […]

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What is FINRA?

The Financial Industry Regulatory Authority, or FINRA, works with the Securities and Exchange Commission to regulate securities firms and brokers, protect those who invest in corporations, and keep the market fair and safe from fraud. When investors lose money because their advisors misled them or participated in some type of fraudulent behavior, it is crucial […]

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