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Small Business Business Closures

Husch Blackwell LLP

Brewpub Conversions in Minnesota: A Narrow Path for M&A Transactions in the Brewery Industry

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These are not good times for Minnesota’s brewing industry. Seemingly every time one opens the paper or goes online, there’s news of another longstanding Minnesota craft brewery closing its doors. Tin Whiskers, Burning...more

J.S. Held

Current Enforcement Efforts in the Battle Against COVID-19 Loan Program Fraud

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The COVID-19 pandemic caused unprecedented impacts around the world including stay-at-home orders, curfews, quarantines, and economic uncertainty. Businesses across the United States were forced to close their doors, limit...more

Kohrman Jackson & Krantz LLP

Restaurants Push for More COVID Relief

Two years ago this week, the country began to shut down due to COVID. Now, thousands of restaurant owners, employees and patrons alike are calling on President Biden to assist in getting another round of restaurant relief...more

Proskauer Rose LLP

Front and Center: Latest SVO Grant Numbers (UPDATED)

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The SBA is currently reviewing SVO Grant applications and issuing awards. As of August 2, 2021, the SBA had made decisions on 97% of all applications. SVO Grant program reports, which detail the number of applications...more

Perkins Coie

Potential Rent Relief for San Francisco Small Businesses Forced to Shut Down

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On July 20, 2021, the San Francisco Board of Supervisors unanimously approved an amendment to the San Francisco Commercial Eviction Moratorium Ordinance (Moratorium Amendment) codifying a legal presumption to potentially...more

McCarter & English, LLP

SBA’s Guidance On The $28.6 Billion Restaurant Revitalization Grant Program

This week the Small Business Administration (SBA) provided guidance on how the $28.6 billion Restaurant Revitalization Fund will work. The Restaurant Revitalization Fund provides for qualified restaurants and other food...more

Cranfill Sumner LLP

Recent Ruling in COVID-19 Business Interruption Coverage Case

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On March 16, 2021, an order was entered by US District Court Judge Richard E. Myers, II granting Valley Forge Insurance Company’s motion to dismiss pursuant to Rule 12(b)(6) of the Federal Rules of Civil Procedure. See...more

Tarter Krinsky & Drogin LLP

Federal Court Upholds New York City’s Recently Enacted “Guaranty Law” And Related Legislation Concerning Non-Payment Of Rent...

In a highly anticipated decision, Judge Ronnie Abrams of the United States District Court for the Southern District of New York, in Melendez v. City of New York, dismissed a challenge to the “Guaranty Law” and related...more

Epiq

Predictions for Bankruptcies in 2021

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The U.S. economy has experienced a tumultuous year. COVID-19 has caused businesses and individuals alike to turn to bankruptcy in order to keep their creditors at bay. Others have delayed filing because they have been able to...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

Plan Terminations will cause leakage

If you look at the stock market, you wouldn’t know unemployment is 10% and that 180,000 Americans died....more

Farrell Fritz, P.C.

Forget Congress: The IRS Needs To Reverse Course On The Deduction Of Business Expenses Paid With PPP Loan Proceeds

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Round Two- “Painful social lockdowns in Europe and some American states helped blunt the coronavirus. Now, amid a fitful reopening, the pandemic is once again surging.” So begins an article on the front page of last...more

Burr & Forman

Corporate E-Note - September 2020

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SBA Issues New PPP Rules for Owner-Employees and Related Party Rents - The Small Business Administration ("SBA") recently issued a new interim final rule clarifying whether paycheck protection program ("PPP") loan proceeds...more

Pierce Atwood LLP

COVID-19: Governor Mills' Economic Recovery Grant Program; Applications Due September 9

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Maine Governor Janet Mills recently launched the Maine Economic Recovery Grant Program, backed by $200 million in federal CARES Act Coronavirus Relief Funds. The program is designed to provide short-term financial relief for...more

Sheppard Mullin Richter & Hampton LLP

Nota Bene Episode 90: U.S. Q3 Check In: Stimulus, Relief, Election, and Direction with Elizabeth Frazee and Jonathan Meyer

While most agree that Congress must do something to help the U.S. economy and the American people, there is some disagreement as to how, when, and what needs to get done. That is precisely what we’re exploring in today’s...more

Vinson & Elkins LLP

The Paycheck Protection Program And Bankruptcy

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The COVID-19 pandemic has heavily disrupted our lives, communities, and businesses. Even with new approaches, not all businesses can overcome the substantial challenges brought by the pandemic. Lending programs like the...more

Hogan Lovells

Coronavirus: The Hill and the Headlines – COVID-19 D.C. Update – July 2020 #2

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In Washington: The House unanimously passed a bill to revive the $670 billion small business aid program hours after it shut down on Wednesday, extending the Paycheck Protections Program (PP) until Aug. 8. The Senate had...more

Lowenstein Sandler LLP

FAQs on Pandemic-Related Issues for Small Businesses and Nonprofits

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This resource was prepared by Lowenstein Sandler for informational purposes only. It is not intended to give, and should not be relied upon for, legal advice in any particular circumstance or fact situation. Use of this...more

Lowenstein Sandler LLP

A Mortgage Loan Documentation Pitfall

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A consequence of the COVID-19 pandemic is that many companies are unable to operate their businesses partially or completely. As a result, they have been compelled to seek relief from their landlords, vendors and lenders. ...more

Seyfarth Shaw LLP

Pennsylvania Governor Announces Phased Reopening Plan from COVID-19 Shutdown and Releases Guidance for the Construction Industry...

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Major reopening developments are brewing in the Commonwealth of Pennsylvania. On April 22, 2020, Governor Wolf announced his general plan to reopen Pennsylvania beginning May 8, 2020 following his various business shutdown...more

Seyfarth Shaw LLP

Seyfarth Policy Matters Newsletter - April 2020 #3

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Congress Replenishes Paycheck Protection Program (PPP) Through its Phase Four Coronavirus Relief Package. On Tuesday, via unanimous consent, the Senate passed the Paycheck Protection Program Increase Act of 2020...more

Seyfarth Shaw LLP

Senate Passes Another Round of Coronavirus Relief to Replenish the Paycheck Protection Loan Program and Other Programs;...

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Summary - Late yesterday, the Senate passed the Paycheck Protection Program Increase Act of 2020. The measure appropriates a total of $484 billion, mainly to refund the Paycheck Protection Program (PPP), but also to provide...more

Vinson & Elkins LLP

Insurance Coverage For Business Interruption Losses In The COVID-19 Era

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Companies should consider notifying their insurers of business interruption losses in the wake of the COVID-19 crisis. While the insurance industry is pushing a general message that this type of loss is generally not covered...more

Foley & Lardner LLP

CARES Act: Non-Profit Employers’ Obligation for Unemployment Benefits Reimbursement

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Under the CARES Act (Coronavirus Aid, Relief, and Economic Security Act), the federal government will pay 50% of the reimbursable unemployment benefits from March 13, 2020 through December 31, 2020 for those non-profit...more

Foley & Lardner LLP

Furloughs, Workforce Reductions, and Facility Closures Due to Coronavirus: Important Defined Benefit Plan Reporting Obligations

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Employers face unique legal and financial challenges in connection with the COVID-19 pandemic. One such challenge includes the impact of a potential furlough, workforce reduction, or facility closures on benefit plan...more

McCarter & English, LLP

MA, NJ, NY, PA, LA And OH, Consider Legislation Clarifying That Business Interruption Coverage Applies To COVID-19 Claims

Lawmakers in New Jersey, New York, Massachusetts, Ohio, Pennsylvania, and Louisiana have proposed legislation clarifying that property policies’ business interruption coverage extends to losses attributable to the coronavirus...more

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