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Further Guidance Concerning Forgiveness of Paycheck Protection Program Loans
This article was original published on March 31, 2020, and most recently updated on July 6, 2020, to reflect legislative changes and guidance. President Trump recently signed legislation extending the deadline to apply for Paycheck Protection Program loans from June 30, 2020, until August 8, 2020. However, this article will focus on the rules and […]
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Additional Relief: Paycheck Protection Program and Health Care Enhancement Act Signed into Law Today
After passage on Thursday by the U.S. House of Representatives, today President Trump signed into law the “Paycheck Protection Program and Health Care Enhancement Act” (PPPHCE Act). This legislation provides for $484 billion of funding for the Paycheck Protection Program (PPP), for health care and enhanced COVID-19 testing, and for the Small Business Administration’s (SBA) […]
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Rent Relief Options for Landlords During the Coronavirus Pandemic
The devastating economic impact of social-distancing and stay-in-place orders has resulted in a wave of commercial, industrial, and residential tenants struggling or outright failing to meet rent obligations. In April nearly one-third of tenants failed to timely pay rent, a number that is only expected to increase as government stay-in-place orders continue and businesses struggle […]
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Under the CARES Act, Qualifying Businesses Can Obtain Forgivable Loans to Cover Eligible Expenses
On March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act into law. The CARES Act includes a range of provisions intended to provide financial relief to individuals, families, and businesses in response to the economic fall-out of the coronavirus pandemic. A key component of the Act, designed to incentivize […]
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Contractual Obligations During the Coronavirus Pandemic: Avoidance, Enforcement, and Renegotiation
As coronavirus-related quarantines, government shutdowns, and widespread layoffs bring the world economy to a halt, some businesses may be unable to meet their existing contractual obligations, and others may be stuck with contracts that no longer serve any purpose. To survive in this rapidly changing and uncertain environment, business owners and executives need to understand […]
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Coronavirus Threat Should Prompt Action on Key Estate Planning Documents
As the world navigates the onset of Coronavirus (COVID-19) and volatile financial markets, it is understandable to be anxious about the uncertainty that lies ahead. During this difficult time, the Henson Efron Estate Planning team is here to help you get peace of mind that your affairs are in order and you are prepared for […]
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Managing Co-Parenting Time Schedules During the COVID-19 Pandemic: Clarification of What’s Allowed Under the Just Released Minnesota Executive Order 20-20
On March 25, 2020, Governor Walz issued Emergency Executive Order 20-20 directing most residents of the State of Minnesota to “stay at home or their place of residence” beginning March 27, 2020, at 11:59 pm through April 10, 2020, at 5:00 pm. Many of our family law clients have asked how the “stay at home” order […]
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Coronavirus and Insurance Coverage: Does your business have insurance coverage for losses caused by the coronavirus pandemic?
Insurance policies contain countless provisions that provide or exclude coverage for events that most people would never anticipate. The current coronavirus (COVID-19) pandemic is one of those unanticipated events, and businesses are advised to carefully review their insurance policies for possible coverage. As the coronavirus pandemic spreads across the world, the disease outbreak has disrupted […]
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