Daily Three: August 7
August 7, 2020
- As the Small Business Association (SBA) continues to release its forms and guidelines on forgiveness of Paycheck Protection Program (PPP) loans on a rolling basis, many businesses have been wondering about audit risks and whether there is a way to protect themselves from liability in the event that the SBA later determines the business was not eligible for the loan. Learn more about some of the PPP loan insurance policies we’ve seen to date that might cover these risks. Authored by Aria Eckersley and William Schwartz
- On Monday, August 3, a U.S District Court Judge invalidated certain provisions of the Department of Labor’s Final Rule regarding the FFCRA, including certain eligibility requirements and provisions related to intermittent leave and documentation. The decision could have significant ramifications for employers, but it is unclear what will happen next. See our summary of the decision here and what employers can expect. Authored by Becky Canary-King
- Due to COVID-19, the “back-to-college” process has been a bit more fraught and complex than in most years. Parents and college students are wondering about quarantine plans and safety protocols, but there is one need that remains – the need for a signed Power of Attorney. While you probably won’t see this on any college packing lists, a Durable Power of Attorney for Health Care and a Durable Power of Attorney for Property are incredibly important for you and your child. Learn more about these two essential documents, and why your college-bound child should sign them. Authored by Sheri Warsh
For more resources and LP's response to COVID-19, visit this webpage.