Even before the word “pandemic” was a part of our daily vernacular, starting a new business has been an exciting, but often challenging and overwhelming venture – particularly if the business involves a brick-and-mortar location. Leases of storefronts come with financial obligations as well as compliance with applicable laws and […]
Blogs , Business/Corporate Law Blog , COVID-19
The PPP Flexibility Act (the “Act”) would change the 75/25 rule. The Act states: “To receive loan forgiveness under this section, an eligible recipient shall use at least 60 percent of the covered loan amount for payroll costs, and may use up to 40 percent of such amount for any […]
As published in Modern Restaurant Management Magazine, May 8, 2020 Restaurants through the country are struggling with the following issues: whether to re-open, when to re-open and how to re-open. By no means are the answers to these questions straightforward. In most parts of the country, the answer is often […]
As published in Modern Restaurant Management Magazine, April 27, 2020 Other than healthcare, the industry most impacted by the coronavirus pandemic is the hospitality and food services industry. Many restaurateurs and others in the industry are being advised to monitor new legislation and figure out if and how the programs […]
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