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…

ATTENTION SMALL BUSINESS OWNERS: A SECOND BITE OF THE (PPP) APPLE On Tuesday, April 21, 2020, the U. S. Senate passed an interim funding bill which provides for additional forgivable loans to businesses and non-profit organizations. The bill includes $320B for the popular Paycheck Protection Program (“PPP”). The original funding…

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…

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…

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…