UPDATE 6/3/2020: Congress passed H.R. 7010 and the bill will be going to the President for his signature. This article will be updated to reflect any changes to the PPP process once the details are finalized. The first businesses to… Read more
All restaurants and recreational businesses were partially or fully shut down by Governor Northam’s Executive Order 53, issued on March 23, 2020. Many of these businesses are now wondering if their insurance will cover income lost during this shutdown. Although… Read more
We’re several months into the COVID-19 pandemic and demand is mounting to reopen workplaces. No modern employer has faced quite this situation, so you’re not alone. Rates of infection, hospitalization, and deaths vary from place to place, so no size… Read more
On May 4, 2020, Governor Northam extended Executive Order 53, which expanded COVID-19 related restrictions on businesses and public or private in-person gatherings, for an additional week through May 14, 2020. During that time, the Commonwealth will continue examining COVID-19… Read more
Update: The return deadline has been extended until May 18, 2020. The dates in this article have been updated to reflect this change. As part of the CARES Act signed into law at the end of March, small businesses, nonprofits,… Read more
Some small businesses have received a Paycheck Protection Program (PPP) loan or may receive such a loan in the near future. This article focuses on the restrictions on how the PPP loan money can be used, and how to obtain… Read more
The Main Street Lending Program was approved as part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). Congress intended the program to provide another source of loans to small and medium-sized businesses. On April 9, 2020, the… Read more
In the current challenging times, it is important for consumers and businesses of all sizes to understand their options for financial relief, including bankruptcy. Recent changes to the U.S. Bankruptcy Code offer small businesses more cost-efficient relief in chapter 11… Read more
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