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COVID-19 AND YOUR BUSINESS

Meeting your business needs does not stop during a pandemic. News is changing by the minute, and it’s important that you have access to the most updated information on how COVID-19 may affect your businesses. We’ve compiled answers to your questions and our resources surrounding this topic.

Daily 3

Even among this disruption, there are a few things you can do today to help prepare you, your family and your business for the uncertain future.

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Managing Your Workforce

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Re-Opening Your Business

Here's what you need to do before re-opening.

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Protecting Your Assets

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CARES Act and PPP Loans

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Navigating Active Deals and Transactions

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Finance & Taxes

MSLP, taxes, and financial considerations

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Living in, or Managing a Community Association

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Contractual Obligations

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Running Your Charitable Organization

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Daily 3

Even among this disruption, there are a few things you can do today to help prepare you, your family and your business for the uncertain future.

Daily 3
Answered by LP | Q&A Hub
The most important content we can create right now comes directly from the questions many clients and friends of the firm are asking. We hope these relevant topics give you a sense of how your peers are approaching and solving similar business challenges.
Daily 3
Daily Three: September 14
September 14, 2020 | 3:30 PM
Today we cover: (1) City of Chicago appeals for redevelopment efforts in INVEST South/West Corridors; (2) Insight into ESOP financing in today’s environment; and (3) providing employees time off to vote.
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Daily Three: September 11
September 11, 2020 | 2:30 PM
Today we cover: (1) ICYMI: Law Division orders pre-trial settlement conferences for some cases; (2) Recommended reading: Dear Pandemic; and (3) What folks think about pandemic-related social awkwardness.
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Daily Three: September 10
September 10, 2020 | 4:00 PM
Today we cover: (1) How to protect your condo unit from smoke transmission; (2) 5 questions to ask yourself to protect remote workforce from cybersecurity risks; and (3) Updates on the CDC’s recent eviction moratorium.
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Daily Three: September 8
September 8, 2020 | 4:00 PM
Today we cover: (1) Mandatory pre-trial settlement conferences ordered for some delayed cases; (2) common estate planning issues for LGBTQ clients; and (3) the complexities of a deal closing when a signatory is living abroad.
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Daily 3: What We’re Reading and Listening To
September 4, 2020 | 2:00 PM
As we head into the Labor Day weekend, we hope that you all have a restful weekend. As part of our “What I’m Reading or Listening To” series, here are a few of the things our lawyers and business professionals are reading or listening to that might help you regroup and recharge this weekend. We hope you find these recommendations interesting and helpful.
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Daily Three: September 3
September 3, 2020 | 4:00 PM
Today we cover: (1) How the Cannabis Industry could be the pandemic boost economies need; (2) When an employee can return to work after testing positive for COVID-19; and (3) An update on pandemic-related business interruption insurance issues.
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Daily Three: September 2
September 2, 2020 | 4:30 PM
Today we cover: (1) Palmer House foreclosure action; (2) Updated Re-Opening Guide; and (3) CDC to halt certain residential evictions
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Daily Three: September 1
September 1, 2020 | 3:30 PM
Today we cover: (1) The best time to make a taxable gift; (2) Illinois Supreme Court to resume in-person arguments; and (3) State-wide travel restrictions
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August’s Top 3 Daily 3: Here’s What You Were Interested in this Month
August 31, 2020 | 2:00 PM
It’s the end of August so we wanted to share some of our most-read articles of the month in case you missed anything.
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Daily 3: What We’re Reading and Listening To
August 28, 2020 | 3:00 PM
These are strange and uncertain times. Many of us are looking for new ways to adjust to this so-called “new normal.” In our “What We’re Reading and Listening To” series, we’ll share what our lawyers and business professionals are reading or listening to, and why.
Daily 3
Daily 3: COVID-19 Saliva Testing, Cannabis and Real Estate, Required Sexual Harassment Training
August 27, 2020 | 4:00 PM
Today we cover: (1) Whether employers can require employees to take COVID-19 saliva test; (2) impacts of cannabis on the commercial real estate industry; and (3) required sexual harassment trainings under Illinois Human Rights Act.
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Daily Three: August 26
August 26, 2020 | 1:30 PM
Today we review: (1) Why it might be time for a brand refresh; (2) Helping employees see their role in company's future; and (3) What Litigation Finance means to litigants, attorneys, and investors.
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Daily Three: August 25
August 25, 2020 | 3:30 PM
Today we cover: (1) Bankruptcy 101: Core Concepts and Impacts; (2) Accounting firm survey helps businesses learn from each other; and (3) How to Use Milestones and Promotions to Retain Top Talent.
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Daily Three: August 24
August 24, 2020 | 4:00 PM
Today we cover: (1) An invite for our annual Labor & Employment webinar; (2) Promoting employee productivity with a remote workforce; (3) Aligning company policies to employee priorities.
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Daily Three: August 21
August 21, 2020 | 3:00 PM
Today we cover: (1) Some of our favorite “pandemic adventures;” (2) Ways to let employees share in business success; and (3) How earn-outs can help bridge valuation gaps in M&A negotiations.
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Daily Three: August 20
August 20, 2020 | 4:00 PM
Today we cover: (1) Steps employers should take to ensure competitive (or better) pay for their employees; (2) How accounting firms are working to address systemic racism; and (3) The importance of MAE and MAC provisions in M&A documents right now.
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Daily Three: August 19
August 18, 2020 | 5:00 PM
Today we review: (1) 5 steps to help hold on to top talent, (2) How to navigate pandemic-related due diligence challenges, and (3) Call-out for tips, advice, and best practices.
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Daily Three: August 18
August 18, 2020 | 5:00 PM
Today we cover: (1) 6 tips for managing issues that may arise in M&A transactions right now, (2) history of the 19th Amendment, which celebrates its 100-year anniversary today, and (3) How COVID-19 is impacting strategic priorities.
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Daily Three: August 17
August 17, 2020 | 5:00 PM
Today we cover: (1) How employers should handle employee complaints about face masks; (2) Illinois ARDC’s new Equal Justice Committee; and (3) Best practices for hiring during a pandemic.
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Daily Three: August 14
August 14, 2020 | 5:00 PM
Today we cover: (1) why now is the right time to evaluate your estate plan; (2) when SBA consent might be required for corporate actions of PPP loan recipients; and (3) A lawyer’s advice for maintaining a sense of calm in uncertain times.
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Daily Three: August 13
August 13, 2020 | 3:00 PM
Today we cover: (1) Private equity’s COVID-19 recovery plans; (2) How FFCRA applies to various remote and part-time schooling arrangements; and (3) How accounting firms are measuring employee morale and engagement.
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Daily Three: August 11
August 11, 2020 | 4:30 PM
Today we cover: (1) three ways to provide professional experience to remote learning environment; (2) Illinois federal court launches Diversity Committee; and (3) how to continue engaging your remote workforce.
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Daily Three: August 10
August 10, 2020 | 4:00 PM
Today we cover: (1) Cook County and federal court closures; (2) What to do if your retail space was looted or damaged over the weekend; (3) What landlords should do following property damage and looting.
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Daily Three: August 7
August 7, 2020 | 3:00 PM
Today we cover: (1) PPP loan insurance; (2) a recent decision impacting the FFCRA; and (3) why your college-bound child needs a power of attorney.
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Daily Three: August 5 | Back-to-School Edition
August 5, 2020 | 4:00 PM
We understand that businesses and clients are made up of individuals, many of whom are parents. Today we cover back-to-school issues that are top of mind for many parents: (1) Deciding Whether to Send a Child Back to College; (2) How to Break It to Your Kids That They Will Be Remote Learning Again; and (3) Tips from a Working Parent on Managing Remote Learning Stress.
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Daily Three: August 3
August 3, 2020 | 4:00 PM
Today we cover recent developments regarding: (1) Expansion of emergency board powers under Delaware’s General Corporation Law; (2) extension of various lending facilities and programs by the Federal Reserve; and (3) the IRS’s proposed regulations clarifying the parameters of the three-year carried interest rule.
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July’s Top 3 Daily 3: Here’s What You Were Interested in this Month
July 31, 2020 | 4:00 PM
Today we cover what readers most wanted to know about in July: (1) PPP loan forgiveness; (2) Implications of CARES Act; and (3) Condo association amenities.
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Daily Three: July 29
July 29, 2020 | 4:30 PM
Today we review: 1) how commercial landlords can handle tenant requests to provide COVID-19 testing to their employees, 2) the use of advanced estate planning options to take advantage of low ATFs, and 3) what Chicago’s expanded travel order means for employers and community associations.
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Daily Three: July 28
July 28, 2020 | 3:30 PM
Today we cover: 1) The PPP Forgiveness process and various scenarios for borrowers, 2) The Fair Notice Ordinance, and 3) what condo associations can do to prevent large gatherings.
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Daily Three: July 22
July 22, 2020 | 4:00 PM
Today we cover, 1) a landlord filed lawsuit seeking injunction against Pritzker’s Executive Order limiting evictions during the Covid-19 Pandemic, 2) the status of Cook County hearings and why now might be the perfect time to settle your case, and 3) how employers can support employee work-life balance.
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Daily Three: July 20
July 20, 2020 | 4:00 PM
Today we cover, 1) Congress makes it easier for “Small Business” Owners to retain ownership after bankruptcy, 2) what Chicago community associations need to know about Chicago’s emergency travel order, and 3) environmental enforcement updates
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Daily Three: July 17
July 17, 2020 | 4:00 PM
Today we cover: 1) MSLP FAQ amendments, 2) understanding unionized employers bargaining rights and obligations during the pandemic, and 3) contracts related to genetic material you may be storing.
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Daily Three: July 15
July 15, 2020 | 5:00 PM
Today we cover: 1) strategies to safely conduct condo board elections, 2) SBA updates regarding whether one can amend their PPP loan to request additional proceeds, and 3) upticks in new business in times of disruption.
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Daily Three: July 13
July 13, 2020 | 5:00 PM
Today we cover, 1) the July 15 tax deadline, 2) a Q&A with ESOP experts and a look at the current market, and 3) gauging interest in a future survey on how COVID-19 has impacted your workplace.
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Daily Three: July 10
July 10, 2020 | 4:30 PM
Today we answer client questions about 1) making contributions to your traditional IRA by the July 15 tax deadline, 2) keeping confidentiality in place for self-reporting employees, and 3) maximizing your recovery when dealing with customers.
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Daily Three: July 9
July 9, 2020 | 4:30 PM
Today we want to share pieces of content that we ourselves are consuming, and on a topic that we all need now more than ever. We recently polled our partners and many of the responses centered around resilience, with content ranging in perspective from various industries and across the spectrum of business leaders, from entrepreneurs to executives. We hope you find these pieces interesting and helpful.
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Daily Three: July 8
July 8, 2020 | 4:30 PM
Today we cover: 1) a landlord’s guide on steps to follow, risks to evaluate and alternatives to consider with respect to the COVID-19 impact on commercial leases, 2) the recently released state-by-state list of lenders participating in MSLP, and 3) estimated timeline of the phases of a commercial foreclosure filing amidst COVID-19.
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Daily Three: July 7
July 7, 2020 | 4:00 PM
Today we cover, 1) what the now fully operational MSLP means for lenders and borrowers, 2) insights from experts on the current state of the M&A market for A/E/C firms, and 3) strengthening your brand equity through trademark registration and the Supreme Court’s recent ruling.
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Daily Three: July 6
July 6, 2020 | 4:00 PM
Today we cover: 1) employer responsibilities under Chicago’s recent travel advisory, 2) official extension of the PPP and our roundup of helpful resources, and 3) seeking amendments to your prior PPP application.
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Daily Three: July 2
July 2, 2020 | 2:00 PM
Today we cover: 1) Newly released updates to Main Street Lending Program (MSLP) guidance, 2) extension of the deadline to apply for PPP loans, pending signing into law, and 3) how estate planners can be stronger advisors to persons within the LGBTQ community.
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Daily Three: July 1
July 1, 2020 | 3:00 PM
Today we cover: 1) what to consider in your plans for submitting your forgiveness application, 2) making not-for-profit boards more diverse and inclusive, and 3) the current state of affairs around evictions and foreclosures in New York.
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Daily Three: June 30
June 30, 2020 | 5:30 PM
It is the end of June, and we thought it might be helpful to repost the most-read articles for the month in case you missed anything.
Daily 3
Daily Three: June 29
June 29, 2020 | 4:30 PM
Today we cover: 1) new details on the re-opening of the Circuit Court of Cook County, 2) the latest guidance on COVID-19 related childcare leave if summer camp plans fall through, and 3) the connection between charitable giving and times of disruption.
Daily 3
Daily Three: June 26
June 26, 2020 | 2:30 PM
Today we cover: 1) if you should use FTE status of owner-employees in PPP forgiveness calculations, 2) A $3 million breach of lease suit brought by its landlord, and 3) a question for you.
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Daily Three: June 25
June 25, 2020 | 5:30 PM
Today we cover: 1) City of Chicago’s recommended guidance for re-opening condo common amenities, 2) what we know about PPP forgiveness reduction, restoring FTEs and the related safe harbor provision, and 3) the CARES Act impact on charging lease termination fees.
Daily 3
Daily Three: June 24
June 24, 2020 | 5:30 PM
Today we discuss: 1) what to know about “critical vendor” letters and agreements amidst the rise in corporate bankruptcies, 2) if your IP qualifies for the U.S. Patent and Trademark Office expedited examination program, and 3) the impact of COVID-19 on employee stock ownership plan (ESOP) administration.
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Daily Three: June 23
June 23, 2020 | 4:30 PM
Today we cover: 1) PPP resources you can use to submit your application before the deadline (June 30), 2) buyer’s perspectives on current challenges and opportunities in the insurance distribution M&A market, and 3) tips for conducting orderly and productive virtual condo association board meetings.
Daily 3
Daily Three: June 22
June 22, 2020 | 4:30 PM
Today we cover: 1) perspectives and communication points to consider if you are a PPP borrower and will be disclosed as part of the U.S. Treasury announcement, 2) updated FAQs for the Main Street Lending program, and 3) how COVID is affecting the major retail market and what this means for your strategies and bottom line.
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Daily Three: June 18
June 18, 2020 | 4:30 PM
Today we discuss: 1) new ADA guidelines around COVID-19 antibody testing, 2) considerations for re-opening fitness centers, and 3) measures to consider if your corporation is under financial distress.
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Daily Three: June 17
June 17, 2020 | 4:30 PM
Today we discuss, 1) the new PPP loan forgiveness application, 2) more questions related to the Economic Injury Disaster Loan, and 3) factors to consider when choosing guardians for minor children.
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Daily Three: June 16
June 16, 2020 | 5:00 PM
Today we cover: 1) questions related to the Economic Injury Disaster Loan, 2) succession planning and development, and 3) estate planning in the time of COVID-19.
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Daily Three: June 15
June 15, 2020 | 4:00 PM
Today we cover: 1) Supreme Court ruling on Title VII and its impact on workplace policies, 2) our new and improved COVID hub resources, and 3) how to avoid benevolent discrimination when returning employees to work.
Daily 3
Daily Three: June 12
June 12, 2020 | 4:00 PM
Today we cover: 1) consent requirements for M&A deals involving PPP loans, 2) actionable items you can take to update your estate plan, 3) current challenges and opportunities in the insurance distribution M&A market.
Daily 3
Daily Three: June 11
June 11, 2020 | 4:30 PM
Today we cover: 1) court ruling on COVID Force Majeure issue, 2) options to consider if your landlord files bankruptcy, and 3) how the WARN Act impacts your due diligence as a buyer.
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Your Daily Three: June 10
June 10, 2020 | 5:30 PM
Today we cover: 1) proper use of PPP funds regardless of intent to seek forgiveness or not, 2) claiming sustained losses as a result of COVID-19 on 2019 tax returns, and 3) the IRS issuance of Notice 2020-39 and it’s relief to Qualified Opportunity Zone Funds (QOFs) and their investors.
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Your Daily Three: June 9
June 09, 2020
Equality is still not the reality in America. Systemic racism affects the daily lives of people of color. Businesses and institutions must address its continuing impact.
Daily 3
Your Daily Three: May 29
May 29, 2020 | 4:30 PM
Today we cover: 1) how the CARES Act affects your ability to seek eviction, 2) how to handle noise transmission issues in your condo association, and 3) a list of action items in preparation for the anticipated influx of defaulted loans.
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Your Daily Three: May 28
May 28, 2020 | 4:30 PM
Today we cover: 1) board member obligations in light of COVID-19, 2) latest rules and regulations businesses in Chicago need to be aware of, and 3) nonpayroll costs and eligibility for forgiveness.
Daily 3
Your Daily Three: May 27
May 27, 2020 | 4:30 PM
Today we cover: 1) industry-specific guidance for reopening, 2) your legal options if a commercial tenant files for bankruptcy, and 3) how paid holidays are factored in PPP forgiveness calculations.
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Your Daily Three: May 26 | Spotlight on PPP Forgiveness
May 26, 2020 | 4:30 PM
The SBA released two new Interim Final Rules providing some additional clarity on PPP loan forgiveness. Several bills are also being considered in Congress related to loan forgiveness. Given its importance, today’s Daily 3 will be focused entirely on this topic.
Daily 3
Your Daily Three: May 22
May 22, 2020 | 1:00 PM
It has been a long ten weeks since we occupied our offices, and we’re sure it has been equally challenging for you. For us, the silver lining is that we have been given this gift of time to learn more about you and your businesses, to connect in ways we never thought possible, and to (hopefully) provide you with some practical advice.
Daily 3
Your Daily Three: May 21
May 21, 2020 | 5:00 PM
Today we cover: 1) how to calculate full-time equivalent employees for your PPP loan, 2) our analysis of recent employment litigation trends, and 3) what to keep in mind when navigating fiduciary duties.
Daily 3
Your Daily Three: May 20
May 20, 2020 | 5:00 PM
Today we cover: 1) best practices when engaging a remote workforce, 2) how owners/developers should analyze construction documents, and 3) the impacts we’re seeing on business mergers and acquisitions.
Daily 3
Your Daily Three: May 19
May 19, 2020 | 5:00 PM
Today we cover: 1) best practices if you are an in-house counsel, 2) tenant legal obligations, and 3) your most frequently asked questions when it comes to employment matters.
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Your Daily Three: May 18
May 18, 2020 | 5:00 PM
Today we answer questions about, 1) customers experiencing financial difficulties, 2) lender relationships, and 3) conducting remote condo board elections.
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Your Daily Three: May 15
May 15, 2020 | 5:00 PM
Today we answer questions about, 1) monthly assessment refunds due to temporarily unavailable building amenities, 2) assessing employee accommodations, and 3) re-opening considerations.
Daily 3
Your Daily Three: May 14
May 14, 2020 | 4:00 PM
Three things you can do today: 1) stay informed about important tax deadlines, 2) know your legal obligations and employee rights, and 3) substantiate certifications made in your PPP loan applications.
Daily 3
Your Daily Three: May 13
May 13, 2020 | 4:30 PM
Three things you can do today: 1) read the updated guidance on PPP Economic Necessity Certification, 2) know your options if you are facing employee agreement violations, and 3) RSVP for next week’s Ask a Litigator roundtable.
Daily 3
Your Daily Three: May 12
May 12, 2020 | 5:00 PM
Today we answer questions about, 1) business interruption insurance, 2) re-opening plans and office structure, and 3) severance obligations.
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Your Daily Three: May 11
May 11, 2020 | 5:00 PM
Today we answer questions about PPP loans and if companies are required to make offers to previously laid off employees, terminating real estate contract agreements, and due diligence around crisis response plans.
Daily 3
Your Daily Three: May 8
May 8, 2020 | 4:30 PM
Today we answer questions about the latest EEOC guidance, unemployment benefits, and real estate financing.
Your Daily Three
Your Daily Three: May 7
May 7, 2020 | 4:00 PM
Today we answer questions about PPP loans, maintaining a resilient organization, and new workers compensation rules related to employees of essential businesses.
Daily 3
Your Daily Three: May 6
May 6, 2020 | 4:00 PM
Our Daily 3 has produced such thoughtful engagement and insight into our clients’ most pressing issues. We feel there’s value in taking the time to answer and share those questions in hopes that it helps others who are facing similar challenges.
Your To-Do Lists
What You Can Do Today: May 5
May 5, 2020 | 4:00 PM
The most important content we can create right now comes directly from our clients’ questions. We hope these relevant topics give you a sense of how your peers are approaching and solving similar business challenges. Today, we’re answering three questions that we received yesterday from our readers.
Your To-Do Lists
What You Can Do Today: May 4
May 4, 2020 | 4:00 PM
Three things you can do today: 1) read the new requirements from the extended Stay-at-Home mandate, 2) tell us what challenges you’re facing, and 3) read about today’s client hero.
Your To-Do Lists
What You Can Do Today: May 1
May 1, 2020 | 3:00 PM
Three things you can do today: 1) realize a tax windfall for PPP loans was too good to be true, 2) take time to review your estate plan, and 3) make a list (and review our three things checklist).
Your To-Do Lists
What You Can Do Today: April 30
April 30, 2020 | 4:00 PM
Three things you can do today: 1) consider how your charity will survive the pandemic, 2) check and make sure you know your tax payment and filing due dates, and 3) know what to do with your trademarks and patents.
Daily 3
Your Daily Three: April 29 | (Re-Opening PDF Guide)
April 29, 2020 | 4:00 PM
Given the amount of questions we’ve received around health and safety and a plan for re-opening your business and office, today’s to-do may be one of the most important ones yet. Instead of just three things, we’ve captured all of the things you need to know about re-opening within this draft plan.
Your To-Do Lists
What You Can Do Today: April 28
April 28, 2020 | 2:00 PM
Three things you can do today: 1) gather documents to support your PPP loan application certifications, 2) consider a business pivot, and 3) be mindful of COBRA rules and Affordable Care Act (ACA) reporting obligations.
To-Do-Lists
What You Can Do Today: April 27
April 27, 2020 | 3:00 PM
Three things you can do today: 1) consider a business pivot, 2) see how the CARES Act can help small business debtors, and 3) select the right process when buying assets.
To-Do-Lists
What You Can Do Today: April 24
April 24, 2020
Three things you can do today: 1) move quickly with this next round of PPP funding, 2) determine if your retirement plan will have a partial plan termination, and 3) know your rights when it comes to commercial eviction.
To-Do-Lists
What You Can Do Today: April 23
April 23, 2020 | 4:00 PM
Three things you can do today: 1) double-check your PPP loan application certifications, 2) buyers and sellers, comply with the Illinois Commercial Code, and 3) decide if you want to make changes to your retirement plans based on the CARES Act.
To-Do-Lists
What You Can Do Today: April 22
April 22, 2020 | 4:30 PM
Three things you can do today: 1) properly account for PPP funds, 2) be prepared to justify that your business is essential, and 3) be ready to provide face masks.
Your To-Do Lists
What You Can Do Today: April 21
April 21, 2020 | 4:30 PM
Three things you can do today: 1) be prepared if your employee gets sick, 2) explore incentives that can help you continue to pay your employees, and 3) know your options when it comes to restructuring your workforce.
Your To-Do Lists
What You Can Do Today: April 20
April 20, 2020 | 2:30 PM
Three things you can do today: 1) know how the CARES Act impacts your benefit plans, 2) prepare your property/building for re-opening, and 3) formalize your commission agreements.
Your To-Do Lists
What You Can Do Today: April 17
April 17, 2020 | 3:00 PM
Three things you can do today: 1) create a plan for the re-opening of your business, 2) make moves if you didn’t get PPP funds, and 3) weigh your options if your invoices aren’t getting paid.
Your To-Do Lists
What You Can Do Today: April 16
April 16, 2020 | 11:00 AM
Three things you can do today: 1) renegotiate your sales commission agreements, 2) review your liability insurance relating to possible COVID-19 claims, and 3) support your charitable organization.
Your To-Do Lists
What You Can Do Today: April 15 | Private Equity Edition
April 15, 2020 | 4:00 PM
It’s a crucial time for private equity sponsors and investors to respond to the effect the pandemic is having on their portfolio companies. Here are some ways you can conserve cash and manage business operations in the short-term while preparing for long-term impact.
Your To-Do Lists
What You Can Do Today: April 14
April 14, 2020 | 3:00 PM
Three things you can do today: 1) make a plan for your PPP funds, 2) know what to do if your employee gets sick, and 3) read the SBA’s new guidance.
Your To-Do Lists
What You Can Do Today: April 13
April 13, 2020 | 3:00 PM
Three things you can do today: 1) protect your IP while working remotely, 2) take note if you are involved in a 1031 exchange or looking at an OZ investment, and 3) know your Illinois estimated tax payment deadlines.
Your To-Do Lists
What You Can Do Today: April 9th | Real Estate Edition
April 9, 2020 | 11:30 AM
As we’re in a new month, rent and mortgage payments have become due and the real estate world continues to navigate through the pandemic. Tenants are looking for ways to save money and keep their businesses open, and landlords are requesting forbearance from their lenders or approvals to enter into lease modifications.
Your To-Do Lists
What You Can Do Today: April 8th
April 8, 2020 | 4:30 PM
Three things you can do today: 1) talk to your clients and customers about money, 2) landlords, be vigilant about CDC protocols, and 3) get paperwork in place for your adult child.
Your To-Do Lists
What You Can Do Today: April 7th
April 7, 2020 | 6:00 PM
Today's "three things to do today" is a special edition for business owners and leaders on what you should consider with your PPP loan request.
Your To-Do Lists
What You Can Do Today: April 6th
April 6, 2020 | 2:00 PM
A few things business leaders, employers, and parents can do today: 1) business leaders, optimize your cash, 2) employers, retain documentation to request tax credits, 3) parents, get a plan together.
Your To-Do Lists
What You Can Do Today: April 5th
April 5, 2020 | 2:00 PM
Three things you can do today: 1) identify and redress any weak links in your supply chain, 2) find areas to reduce costs in the hospitality industry, and 3) get out of your house, without leaving your house.
Your To-Do Lists
What You Can Do Today: April 3rd
April 3, 2020 | 4:00 PM
Three things you can do today: be aware of the SBA’s interim regulations, know your options when it comes to restructuring your workforce, and share how your business is doing.
Your To-Do Lists
What You Can Do Today: April 2nd
April 2, 2020 | 5:00 PM
Three things you can do today: 1) determine whether an SBA loan is right for your small business, 2) get set up to receive emergency paid sick leave and extended FMLA requests from your employees, 3) make a plan for dealing with clients in financial distress.
Your To-Do Lists
What You Can Do Today: April 1st
April 1, 2020 | 5:00 PM
Three things tenants and landlords can do today.
Your To-Do Lists
What You Can Do Today: March 31st
March 31, 2020 | 5:00 PM
Three things you can do today: 1) file your 2018 and 2019 tax returns; 2) call your lender; and 3) stay home, stay healthy and stay positive.
Your To-Do Lists
What You Can Do Today: March 30th
March 30, 2020 | 2:00 PM
Three things you can do today: 1) read the DOL’s latest round of guidance; 2) set up a power of attorney for healthcare; and 3) think before you click.
Your To-Do Lists
What You Can Do Today: March 27th
March 27, 2020 | 5:30 PM
Even among this disruption, there are a few things you can do today to help prepare you, your family and your business for the uncertain future.

Managing Your Workforce

Managing Your Workforce
Creative Ways to Foster Authentic Connections During a Pandemic
October 8, 2020 | 12:00 PM
By: Julie Workman
Connections are critically important, and many of us are struggling with how to authentically (and safely) connect during the pandemic. Here are a few suggestions on creative ways to build connections in these strange and uncertain times.
Managing Your Workforce
Department of Labor Proposes New Rule for Determining Independent Contractor Status
September 24, 2020 | 12:00 PM
By: Becky Canary-King
There are five factors to the DOL’s proposed “economic reality” test for independent contractor status.
Managing Your Workforce
DOL Releases Revised Rule in Response to Invalidated Provisions of the FFCRA
September 18, 2020 | 1:00 PM
By: Becky Canary-King
Good news for employers: The Department of Labor released a revised rule that provides clarity on the FFCRA and its previous rule on paid sick leave and expanded FMLA provisions. What you need to know about the rule changes.
Managing Your Workforce
Q: With election day coming up, do I have to allow employees time off to vote?
September 14, 2020 | 1:00 PM
By: Becky Canary-King
With election day coming up on November 3, many employers are wondering if they have to allow employees time off to vote. Find out about voting-related employment laws here.
Managing Your Workforce
A Remote Workforce Brings New Cybersecurity Risks - 5 Questions to Ask Yourself
September 10, 2020 | 3:00 PM
By: Tim Quigg
These 5 questions can help you assess your cybersecurity risks with employees working from home.
Managing Your Workforce
Q: My employee tested positive for COVID – when can they return to work?
September 3, 2020 | 2:00 PM
By: Becky Canary-King
We answered this question and explained various considerations here.
Managing Your Workforce
Reminder to Conduct 2020 Sexual Harassment Training
August 27, 2020 | 2:00 PM
By: Becky Canary-King
If you haven’t conducted your sexual harassment trainings for 2020 yet, you only have a few months left to do so. Read more about training requirements pursuant to the amended Illinois Human Rights Act.
Managing Your Workforce
Retaining Top Talent Tip #5: Help Employees See Their Role in Company's Future
August 26, 2020 | 10:00 AM
By: Laura Friedel
Employees want to understand the direction their employer is going and where they fit in – and this is particularly true of younger generations. Here are some tips to help employees feel comfortable with where the business is headed and their role going forward.
Managing Your Workforce
Retaining Top Talent Tip #4: Celebrate (and Don’t Delay) Promotions, Milestones and Opportunities
August 25, 2020 | 2:00 PM
By: Laura Friedel
It’s certainly not business as usual for most U.S. companies – for some it’s a high point with everyone going at full tilt, while for others it’s a time of uncertainty. Regardless of which it is for your company, it’s tempting to maintain the status quo and push off promotions, milestone celebrations and new opportunities for employees.
Managing Your Workforce
Retaining Top Talent Tip #3: Align Policies with Employee Priorities
August 24, 2020 | 2:00 PM
By: Laura Friedel
At the core of retaining top talent is making sure that we are offering employees what the things they prioritize, which in many instances may be different from what those currently leading the company prioritize.
Managing Your Workforce
I have allowed an employee to work from home because their child’s school is closed. How do I make sure work gets done?
August 24, 2020 | 12:00 PM
By: Becky Canary-King
With more employees working from home, whether due to their child’s school closing or concerns about contracting coronavirus, employers are navigating managing a remote workforce.
Managing Your Workforce
Retaining Top Talent Tip #2: Let Employees Share in the Business’ Success
August 21, 2020 | 2:00 PM
By: Laura Friedel
It is well established that employees who feel they have a stake in the business are more likely to stay. In addition, giving employees the opportunity to share in the company’s long-term success can make it financially more difficult for them to leave.
Managing Your Workforce
Retaining Top Talent Tip #1: Ensure Competitive (or Better) Pay
August 20, 2020 | 2:00 PM
By: Laura Friedel
Pay isn’t the be-all, end-all to employee retention, but it’s important. And employees who feel that they are underpaid are far more likely to entertain another opportunity.
Managing Your Workforce
5 Steps to Help Hold On to Top Talent
August 19, 2020 | 4:00 PM
By: Laura Friedel
No matter your industry, a key to success is retaining top talent. Times of uncertainty increase employee mobility, so it’s more important than ever to make sure that you are doing what you can to keep your key contributors happy, on-board, and not talking to recruiters or competitors.
Managing Your Workforce
What to Consider When Hiring During a Pandemic
August 17, 2020 | 4:00 PM
By: Tom Callam, Clare Trainor, and Christine Organ
Hiring under “normal” circumstances can be an exciting but overwhelming experience. But hiring – or starting a new job – during a pandemic that has upended daily life and the way businesses function… well, that is something else entirely.
Managing Your Workforce
How Do I Handle Employee Complaints About Wearing a Mask at Work?
August 17, 2020 | 4:00 PM
By: Becky Canary-King
Generally, employees should be required to wear a mask at all times at work when social distancing is not possible.
Managing Your Workforce
With schools reopening virtually, how can employers handle employee requests related to childcare?
August 13, 2020 | 4:00 PM
By: Becky Canary-King
With schools reopening remotely, part-time, or not at all, employers are fielding more requests from employees to take time off work or work from home to handle childcare concerns.
Managing Your Workforce
Becoming CEO of Our “New Normal”: How I’m Applying my Professional Experience to Pandemic Home Life
August 11, 2020 | 4:00 PM
By: Andrea Maciejewski
As a full-time working mom of four, Chief Marketing and Engagement Officer Andrea Maciejewski compares the duality of work and home life to running a marathon.
Managing Your Workforce
Employers – Be Aware of Potential FFCRA Changes
August 6, 2020 | 10:00 AM
By: Becky Canary-King
On Monday, August 3, a New York federal district court judge struck down certain Department of Labor Rules regarding enforcement of the Families First Coronavirus Response Act (FFCRA). The judge found that the Department of Labor (DOL) exceeded their authority in interpreting the language of the FFCRA.
Managing Your Workforce
How to Break It to Your Kids They Will Be Remote Learning This Fall
August 5, 2020 | 8:00 AM
By: Melissa Nelson
understand that many of our clients, and their employees, are having challenging conversations about what the new school year will look. Get advice on how to have these difficult conversations with your kids here.
Managing Your Workforce
A Parent’s Thoughts on the Emotional and Practical Decisions with Sending a Child Back to College
August 5, 2020 | 1:00 PM
By: David Solomon
“Should we or shouldn’t we?” That was the question corporate attorney David Solomon and his wife asked themselves all summer as their daughter asked them if she should go back to college for her senior year.
Managing Your Workforce
Take 5: A Working Parent’s Strategy for Maintaining Sanity when Remote Learning Begins
August 5, 2020 | 12:00 PM
By: Julie Workman
A real estate partner with three tweens/teens who are about to resume remote learning this fall, Julie Workman understands the challenges of managing remote learning and a busy career.
Managing Your Workforce
Employees Need Greater Support for Work-Life Balance
July 21, 2020 | 12:00 PM
As businesses slowly reopen to their customers and employees, the issues associated with work/life balance have become increasingly complicated.
Managing Your Workforce
Chicago’s Travel Advisory and What It Means for Employers
July 6, 2020 | 12:00 PM
On the eve of the July 4 holiday, the Chicago Department of Public Health Commissioner issued an emergency travel order directing travelers returning from states experiencing a surge in new COVID-19 cases to quarantine upon return to Chicago.
Managing Your Workforce
The Latest From Chicago: Anti-Retaliation, Fair Workweek, and Food Delivery Disclosures
May 28, 2020 | 12:30 PM
While warm weather has finally hit Chicago, Mayor Lightfoot, the City Council and Chicago Department of Business Affairs and Consumer Protection (BACP) have not taken a spring break. This article summarizes the latest ordinances, and regulations from the Windy City.
Managing Your Workforce
Chicago & Illinois Reopening Guidelines
May 27, 2020 | 11:00 AM
By: Becky Canary-King
As the State of Illinois is expected to advance to Phase 3 of reopening at the end of May, Governor JB Pritzker has released industry-specific guidelines that allow for the safe re-opening of businesses.
Managing Your Workforce
Can Employers Require High Risk Employees to Stay Home? Latest EEOC Guidance on Interpreting the ADA During the Pandemic
May 8, 2020 | 1:30 PM
The CDC has identified a number of medical conditions that might place individuals at “higher risk for severe illness” if they get COVID-19.
Managing Your Workforce
Best Practices for Engaging a Remote Workforce
May 20, 2020 | 3:30 PM
Whether you are still looking for ways to better engage your remote workforce now or considering how to plan for a permanent work-from-home policy, here are some of the best practices we have been following over the past few months.
Managing Your Workforce
New Required Poster and Other Key Takeaways for Employers from Illinois’ New Stay-At-Home Order
May 4, 2020 | 1:30 PM
On April 30, Governor Pritzker issued an executive order extending Illinois’ Stay-at-Home mandate to May 30. The order, effective May 1, also contains a number of new requirements for employers.
Managing Your Workforce
Illinois Workers’ Compensation Emergency Rules Rescinded
May 07, 2020 | 2:00 PM
The Illinois Workers’ Compensation Commission enacted emergency rules creating a presumption that employees of essential business that contract coronavirus were exposed in the workplace for purposes of workers’ compensation liability.
Managing Your Workforce
Can Employers administer COVID-19 tests? Latest EEOC Guidance on Interpreting the ADA During the Pandemic
April 27, 2020 | 1:30 PM
The EEOC continues to update its guidance on the enforcement of workplace anti-discrimination laws, including the Americans with Disabilities Act (ADA) and the Rehabilitation Act, during the coronavirus pandemic.
Managing Your Workforce
COVID-19 Workplace Safety for Essential Businesses: What is New in Illinois?
April 21, 2020 | 4:00 PM
If essential businesses are required to provide employees who are present on the worksite with face coverings, you’ll want to be ready both to comply and to give your employees information on the safe usage of face masks.
Managing Your Workforce
How Does the CARES Act Impact My Employee Benefit Plans?
April 20, 2020 | 11:30 AM
On March 27, the President signed into law the Coronavirus Aid, Relief, and Economic Security Act, or CARES Act.
Managing Your Workforce
COVID-19 OSHA Recordkeeping: What If an Employee Tests Positive?
April 15, 2020 | 11:30 AM
In an interim guidance issued late last week, the Occupational Safety and Health Administration (OSHA) confirmed that COVID-19 is a recordable illness under OSHA’s recordkeeping requirements.
Managing Your Workforce
What if Your Employee is Exposed to COVID-19? The CDC Issues Updated Guidance
April 14, 2020 | 12:00 PM
On Friday April 10, The US Centers for Disease Control and Prevention (CDC) issued updated guidance for the steps “critical businesses” should take when one of their workers is potentially exposed to COVID-19.
Managing Your Workforce
OSHA COVID-19 Poster on Safety in the Workplace: What Do I Need to Know?
April 9, 2020 | 10:00 AM
The Occupational Safety and Health Administration (OSHA) released a new poster which highlights ten infection-prevention measures employers can take to reduce risk of exposure to coronavirus in the workplaces.
Managing Your Workforce
What Are the Key Takeaways from the IRS’s New Guidance and the DOL’s Proposed Rules?
April 2, 2020 | 1:00 PM
The federal government continues to provide additional guidance and rulemaking on the Families First Coronavirus Response Act’s Emergency Paid Sick Leave (EPSL).
Managing Your Workforce
Assessing Workforce Options: Amid Financial Pressures, What’s The Right Plan Of Action For My Business?
April 1, 2020 | 2:00 PM
Many businesses have faced significant economic challenges due to the coronavirus pandemic. If your business is considering making personnel decisions to improve financial stability, you have a number of options and considerations.
Managing Your Workforce
Additional Guidance from DOL on FFCRA – including rules for small employer exemption and definitions of “health care provider” and “emergency responder”
March 30, 2020 | 10:00 AM
Over the weekend, the Department of Labor (DOL) issued its latest round of guidance on the FFCRA’s Emergency Paid Sick Leave (EPSL) and Expanded FMLA (E-FMLA) requirements.
Managing Your Workforce
DOL Provides Additional Guidance on Families First Leave Provisions, Including Treatment of Employees on Furlough and Handling of Intermittent Leave
March 27, 2020 | 1:00 PM
More Guidance from DOL on Paid Sick Leave and Emergency FMLA.
Managing Your Workforce
Do You Have an Easy E-mail Template to the State I Can Use to Help Me Classify My Business as Essential?
March 26, 2020 | 5:00 PM
We created an easy-to-use e-mail template to the State that you may use to help you classify your business as essential.
Managing Your Workforce
DOL Releases COVID-19 Mandatory Notice to Employees: What Do I Need to Do?
March 26, 2020 | 12:30 PM
On March 25th, the Department of Labor (DOL) released the poster that all employers with fewer than 500 employees are required to display in the workplace that outlines employee leave rights under the Families First Coronavirus Response Act (FFCRA).
Managing Your Workforce
New Guidance on Families First Coronavirus Response Act
March 25, 2020 | 1:00 PM
We’ve received two pieces of additional guidance, one relating to how the FFCRA’s emergency paid sick leave (EPSL) and emergency FMLA provisions (E-FMLA) will be interpreted and one relating to how businesses can take advantage of the dollar-for-dollar tax credit for payments of EPSL and E-FMLA.
Managing Your Workforce
Is Your Business an Essential Business or Operation?
March 21, 2020 | 12:30 PM
Governor Pritzker issued an executive order on March 20, 2020, requiring all individuals in Illinois to stay at home unless they are engaging in certain essential activities or operating an “Essential Business or Operation” as defined in the order.
Managing Your Workforce
Do You Have a Breakdown of the Families First Coronavirus Response Act?
March 19, 2020 | 12:00 PM
On March 18th, President Trump signed into law the Families First Coronavirus Response Act, H.R. 6201, which provides for expanded FMLA benefits and paid sick leave for many employees affected by the coronavirus.
Managing Your Workforce
What Should I Know About New York’s Emergency Paid Sick Leave Agreement?
March 18, 2020 | 6:00 PM
New York Governor Cuomo has reached an agreement with the state legislature regarding paid sick leave. The agreement provides for immediate emergency paid sick leave for workers affected by the coronavirus (COVID-19) pandemic.
Managing Your Workforce
I’m an Employer – What Can I Expect from the Emergency Coronavirus Bill?
March 16, 2020 | 1:00 PM
The House of Representatives passed H.R.6201—the Families First Coronavirus Response Act—which provides for expanded FMLA benefits and paid sick leave to many employees, in addition to other emergency measures to respond to the coronavirus pandemic.
Managing Your Workforce
How Do I Manage My Workforce in a Pandemic?
March 13, 2020 | 2:00 PM
This article will share the top 5 things employers can do NOW to respond to the COVID-19 pandemic.

Re-Opening Your Business

Business as usual may look very different after the coronavirus pandemic. Here's what you need to do before re-opening.

Planning to Re-open Your Business
New Order from the Circuit Court of Cook County With Respect to July 6, 2020 Re-Opening
June 29, 2020 | 2:00 PM
On Friday afternoon, the Circuit Court of Cook County entered a new General Administrative Order, providing further detail on the Circuit Court's re-opening on July 6.
Planning to Re-open Your Business
Succession Planning & Development
June 16, 2020 | 5:00 PM
The impact of COVID-19 has prompted many organizations to re-evaluate their strategy and business model. These changes, coupled with the uncertainty of the current economic climate, are also leading to shifts in the leadership competencies necessary for future success.
Planning to Re-open Your Business
Your Plan for Re-Opening (PDF Guide)
April 29, 2020 | 5:00 PM
This is intended to serve as a guide and planning tool for your re-opening team as your company implements, maintains and updates safety protocols for COVID-19 protection and risk mitigation.
Planning to Re-open Your Business
Health and Safety is “Priority No. 1” In Re-Opening the Office
April 29, 2020 | 3:00 PM
Even when the economy re-starts and your business “re-opens,” the COVID-19 threat will be constant and remain until a proven and effective vaccine is available.
Planning to Re-open Your Business
COVID-19 and the Business Pivot: Stories that Inspire Us and Tips for Your Own Pivot
April 29, 2020 | 3:00 PM
The COVID-19 pandemic and resulting economic uncertainty is causing many businesses to reassess their models and react quickly to a rapidly changing market. While businesses are assessing these changes day by day, we’re seeing a rise in business pivots.
Planning to Re-open Your Business
Should We Think About Office Space Differently in Light of Our COVID-19 Experience?
April 20, 2020 | 3:00 PM
COVID-19 forced us to jump feet first into the remote business environment. And you know what, we didn’t drown. There is no question that face-to-face interaction is important for a host of reasons and that this is a dynamic debate, but knowing what we do now, it is fair to ask, do we really need large permanent offices, at least those like what existed prior to COVID-19?
Planning to Re-open Your Business
How Can I Prepare My Property for Re-Opening?
April 20, 2020 | 3:00 PM
We talked about how now is the time to prepare for the re-opening of your business and operations by forming a re-opening team that is responsible for preparing and updating a re-opening plan. But what about your building or property?
Planning to Re-open Your Business
How Can I Plan for Re-opening My Business?
April 17, 2020 | 1:00 PM
Now is the time to prepare for the re-opening of your business and operations.
Planning to Re-open Your Business
What if Your Employee is Exposed to COVID-19? The CDC Issues Updated Guidance
April 14, 2020 | 12:00 PM
On Friday April 10, The US Centers for Disease Control and Prevention (CDC) issued updated guidance for the steps “critical businesses” should take when one of their workers is potentially exposed to COVID-19.
Planning to Re-open Your Business
How Do I Ensure My Office is Clean and Safe to Re-open?
March 24, 2020 | 4:00 PM
By: James Brusslan
During the COVID-19 outbreak, many essential businesses remain open. Further, as the virus subsides, most offices and businesses will be safe to re-open.

Protecting Your Assets

What Can I Do to Best Prepare My Family During a Pandemic?

Protecting Your Assets
A Closer Look at Gift and Estate Taxes
October 5, 2020 | 11:00 AM
By: Lauren Wolven
A critical part of any estate plan assessment involves a closer look at the potential transfer taxes. The following is a description of the current gift and estate taxes that apply to Illinois residents or non-residents with Illinois property.
Protecting Your Assets
When is the best time to make a taxable gift?
September 1, 2020 | 1:00 PM
By: Steven Kriz
Clients often ask: when is the best time to make a taxable gift? One simple answer: In a presidential election year when the future of gift and estate tax exemptions is unknown, the best time to make a gift is any time before December 31 in that election year.
Protecting Your Assets
The Times Are Changing… Is it Time for A Brand Refresh?
August 26, 2020 | 1:00 PM
By: Paula Jill Krasny
Given the dramatic shifts in how and what people are buying, combined with the important social responsibility brands carry, now may be an opportune time to examine your company’s brand. Companies that not only reconfigure their business models, but also evaluate the effectiveness of their brands, will not just survive; they will also thrive.
Protecting Your Assets
Now Is the Perfect Time to Create or Update Your Estate Plan
August 14, 2020 | 1:00 PM
By: Steven Kriz and Stuart Kohn
Although the COVID-19 pandemic continues to cause uncertainty surrounding the overall economy, asset values, and the markets, it has presented estate planning opportunities as well. In fact, now is a good time to look at your estate plan.
Protecting Your Assets
How to Take Advantage of Low AFRs with Advanced Estate Planning Structures like IDGTs
July 29, 2020 | 1:00 PM
By: Steven Kriz
Due to the pandemic and the resulting economic downturn, applicable federal rates (AFRs) set by the IRS are still low, so now is a great time to take advantage of some advanced estate and gift tax planning options.
Protecting Your Assets
What Property Managers Need to Know About Chicago’s "Fair Notice" Ordinance
July 28, 2020 | 1:00 PM
By: Josh Bashioum and Jamie Burns
On July 22, by a 35-14 vote, Chicago City Council passed the "Fair Notice Ordinance," requiring residential landlords to provide increased notice before increasing rent or not renewing a lease.
Protecting Your Assets
Open Hearts, Open Minds, Better Plans
July 2, 2020 | 3:00 PM
By: Steven Kriz
Learn how estate planners can be stronger advisors to persons within the LGBTQ community and how leading with open hearts and open minds result in better plans.
Protecting Your Assets
Covid-19 Related Trademarks/Service Marks and Patents Eligible for Priority Processing
June 24, 2020 | 3:00 PM
Prioritized Examination of Trademark/Service Mark Applications
Protecting Your Assets
Estate Planning in the Time of COVID-19
June 16, 2020 | 3:00 PM
The COVID-19 pandemic has many clients reviewing their estate plans. The current environment provides significant food for thought for people who are familiar with advanced estate planning techniques, and those who may have been contemplating utilizing some advance techniques.
Estate Planning
Take a Moment to Review Your Estate Plan
June 12, 2020 | 12:00 PM
As summer settles in, and social distancing restrictions keep you home, it’s a good time to review your estate plan.
Estate Planning
The Practical Aspects of Estate Planning in the Time of Covid-19
April 21, 2020 | 12:00 PM
With executive orders in several states requiring all but essential employees to stay home, how can estate planners balance the health and safety of the public with providing, what to some are essential services, the same care and attention as estate planners typically would provide?
Protecting Your Assets
How Can I Protect My IP While Working Remotely?
April 9, 2020 | 1:00 PM
During a pandemic, there are certain ways you can protect your IP while working remotely. Consider this checklist of tips and guidelines. ​​​​​​
Estate Planning
What Can I Do to Best Prepare My Family During a Pandemic?
April 6, 2020 | 9:00 AM
By: Lauren Wolven
As parents, we prepare for the worst and hope for the best. As COVID-19 impacts families across the world, there are several important steps parents can take now to proactively prepare for the situation that one or both parents might fall ill or need to be hospitalized.
Protecting Your Assets
What’s the Update on the Commissioner of the PTO Issuing a Notice of Relief?
April 1, 2020 | 3:00 PM
Later in the day yesterday, March 31st, the Commissioner of the PTO issued a Notice of Relief for deadlines – this is new information as prior to this, the Commissioner had not yet issued guidance on extending due dates for trademark and patent matters.
Protecting Your Assets
Is the US Patent and Trademark Office Open for Business?
April 1, 2020 | 2:00 PM
Yes. The USPTO is open for the filing of trademark, TTAB, patent and PTAB documents and fees through the PTO’s electronic filing and payment systems.
Protecting Your Assets
What Can I Do To Avoid Triggering Liability Under My Carveout Guaranty?
March 27, 2020 | 11:00 AM
If you have a “non-recourse” mortgage loan, chances are you delivered a guaranty related to certain non-recourse “carve-outs”. Now more than ever, it’s imperative that you understand what triggers liability under these “carve-out guarantees”. Understanding the rules of engagement will help you keep the recourse out of your non-recourse loans.
Protecting Your Assets
What Can I Do to Protect My Brand and Combat Fakes in a Time of Crisis?
March 23, 2020 | 3:30 PM
As a result of stay-at-home orders, the world is now forced to shop online. Unfortunately, online marketplaces are overflowing with counterfeit products. This is especially dangerous for products that affect health and safety.
Protecting Your Assets
How Can I Protect Myself from Cyberattacks While Working Remotely?
March 19, 2020 | 5:00 PM
Working from home has very quickly become the new normal. Whether you're logging into a remote system from your home computer or your company has issued laptops for people to connect into the network, you and your company face greater potential for cyberattacks.
Protecting Your Assets
What Does the Current Economic Environment Mean for My Estate Plan?
March 18, 2020 | 10:00 AM
With markets down and most of us practicing social isolation, now is an excellent time to kick the tires on your tax planning.

CARES Act and PPP Loans

PPP
SBA Releases Long-Awaited Guidance on Change in Ownership Consent Requirements for PPP Borrowers
October 5, 2020 | 9:00 AM
By: David Solomon and Aria Eckersley
On Friday, October 2, the SBA released long-awaited guidance (the “Guidance”) applicable to Paycheck Protection Program (“PPP”) borrowers undergoing changes in the ownership of their business.
PPP
SBA Expected to Begin Approving PPP Applications Soon
October 1, 2020 | 2:00 PM
By: Aria Eckersley
The Small Business Administration (SBA) began accepting applications for forgiveness of Paycheck Protection Program (PPP) loans through their online portal on August 10, and since then the SBA has received about 96,000 applications for forgiveness.
PPP
If You Received A PPP Loan, You May Need SBA Consent for Certain Corporate Actions
August 14, 2020 | 2:00 PM
By: Aria Eckersley and William Schwartz
While we wait for possible legislative updates to the Paycheck Protection Program (PPP) following the August 8 deadline, we thought it was a good time to turn attention to one of the less publicized aspects of Small Business Administration (SBA) loans – SBA consent requirements for corporate actions.
PPP
Is PPP Loan Insurance Right for You?
August 6, 2020 | 2:00 PM
By: Aria Eckersley and William Schwartz
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.
PPP
The PPP Forgiveness Process
July 28, 2020 | 2:00 PM
By: Aria Eckersley
On July 23, 2020, the SBA issued a Procedural Notice to Paycheck Protection Program (PPP) lenders that addresses the procedures for lenders to submit PPP loan forgiveness decisions to the SBA.
PPP
Can I amend my PPP loan to request additional proceeds?
July 17, 2020 | 1:00 PM
By: Aria Eckersley and Eileen Sethna
The SBA has recently addressed the question of whether one can amend their PPP loan to request additional proceeds and under what circumstances.
PPP
PPP Application Deadline & Resources
June 23, 2020 | 3:00 PM
By: Aria Eckersley
If you haven’t submitted an application for Paycheck Protection Program (PPP) funding, the deadline to do so is next Tuesday, June 30.
PPP
SBA and Treasury to Release Business Names of most PPP Recipients
June 22, 2020 | 3:00 PM
By: Gary Blackman
Late last week, the U.S. Department of Treasury and the Small Business Administration announced that they plan to release the names of businesses that received $150,000 or more in Paycheck Protection Program (PPP) loans.
PPP
New PPP Loan Forgiveness Applications and Guidance
June 17, 2020 | 3:00 PM
By: Aria Eckersley
We woke up to several new forms from the SBA regarding the PPP forgiveness application on Wednesday. We’re breaking down a few high-level updates as PPP borrowers begin to navigate the forgiveness process, including when to apply and which application they should use.
PPP
Consent Requirements for M&A Deals Involving PPP Loans
June 12, 2020 | 1:00 PM
By: Aria Eckersley
Although times are uncertain, we’re still seeing movement in the M&A deal world. Third party consents to transactions are typically on both Buyer and Seller’s radars but Sellers with PPP loans likely have additional consent requirements they agreed to when accepting their loan funds.
PPP
Spotlight on PPP Forgiveness
May 26, 2020 | 3:00 PM
By: Aria Eckersley
On Friday night, the SBA released two new Interim Final Rules providing some additional clarity on PPP loan forgiveness. At the same time, several bills are being considered in Congress related to loan forgiveness. Today’s Daily 3 will be focused entirely on this topic.
Financial Impact
PPP Economic Necessity Certification – Updated Guidance
May 13, 2020 | 3:00 PM
By: Aria Eckersley
The SBA issued new FAQ#46 this morning which clarified that PPP loans under $2 million will automatically be deemed to meet the economic necessity certification.
PPP
Realize A Tax Windfall for PPP Loans Was Too Good To Be True
May 4, 2020 | 3:30 PM
The CARES Act created the Payroll Protection Program (“PPP”) whereby eligible businesses could obtain a loan to help cover expenses incurred during the COVID-19 pandemic.
PPP
Paycheck Protection Program and Updated Guidance on the Economic Uncertainty Test
April 28, 2020 | 10:00 AM
By: Aria Eckersley
While the Small Business Association (SBA) re-opened their doors for Paycheck Protection Program (PPP) loan applications on the morning of April 27, they were busy in the days leading up to this second rollout providing additional clarification about the “economic uncertainty” certification all applicants are required to make.
PPP
Additional Funding Approved for the Paycheck Protection Program: What To Do Now
April 24, 2020 | 1:00 PM
On April 24, 2020, the second round of funding for the Paycheck Protection Program (PPP) was signed into law by the President, allocating an additional $320 billion to the PPP.
The CARES ACT
Small Business Bankruptcy Considerations
April 24, 2020 | 10:00 AM
By: George Spathis
The economic effects of COVID-19 are adding to the challenges faced by companies that are undertaking – or may soon need to undertake – an attempt at restructuring under the protections of the Bankruptcy Code.
THE CARES ACT
The Impact of The CARES Act on Employee Benefit Plans: Part Four, Analyzing COBRA Coverage Rules and ACA Information Reporting
April 28, 2020 | 1:00 PM
By: David Solomon
What is the Impact of the CARES Act and COVID-19 Pandemic on Employee Benefit Plans and What Should You Do Now? Part Four: Analyzing COBRA Continuation Coverage Rules and ACA Information Reporting
The CARES Act
The Impact of The CARES Act on Employee Benefit Plans: Part Three, Health and Welfare Plan Eligibility
April 27, 2020 | 1:00 PM
By: David Solomon
What is the Impact of the CARES Act and COVID-19 Pandemic on Employee Benefit Plans and What Should You Do Now? Part Three: Health and Welfare Plan Eligibility
The CARES Act
The Impact of the CARES Act on Employee Benefit Plans: Part Two, Effect of Layoffs and Furloughs
April 23, 2020 | 12:30 PM
By: David Solomon
What is the Impact of the CARES Act and COVID-19 Pandemic on Employee Benefit Plans and What Should You Do Now? Part Two: Effect of Layoffs and Furloughs on Benefit Plans, Partial Plan Terminations
Financial Impact
The Impact of the CARES Act on Employee Benefit Plans: Part One, Retirement Plan Loan and Distribution Rules
April 23, 2020 | 12:30 PM
What is the Impact of the CARES Act and COVID-19 Pandemic on Employee Benefit Plans and What Should You Do Now?

PPP
Think Ahead: Properly Account for Your PPP Funds
April 22, 2020 | 4:00 PM
By: Jeremy Gresham
As businesses have received or are about to apply for the second round of money from the SBA under the Paycheck Protection Program, you should start thinking beyond the application process.
Financial Impact
How Does the CARES Act Impact my Employee Benefit Plans?
April 20, 2020 | 11:30 AM
By: David Solomon
In addition to including various provisions providing financial relief to businesses and individual taxpayers, the CARES Act also relaxes various rules applicable to employee benefit plans and enhances others to provide greater access to benefits and more flexibility for individuals directly affected by the Coronavirus (COVID-19).
PPP
The PPP Ran Out of Cash – Here’s What to Do if You Didn’t Get Funding
April 17, 2020 | 2:30 PM
On April 16, 2020, the Treasury Secretary confirmed that the $349 billion funding limit for the Payroll Protection Program (PPP) program was hit. Further, the funding limit for the Economic Injury Disaster Loan (EIDL) was also hit. There are three things you can do today if you did not get funding.
PPP
Congratulations, You Got a PPP Loan – Now What?
April 14, 2020 | 11:30 AM
We’ve mapped out eight tips for eight weeks. And your clock starts…
The CARES Act
What’s Important for Me to Know About The CARES Act?
April 6, 2020 | 5:00 PM
On March 27th, Congress passed and President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), which contains numerous provisions to help stimulate the economy as a result of the COVID-19 pandemic.
The CARES Act
CARES Act and Small Business Loans for COVID-19 (PDF)
April 7, 2020 | 3:00 PM
This article provides information related to loans and grants available to small businesses to address financial hardships due to the COVID-19 pandemic under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) that was signed into law on March 27, 2020. Click here to download a full PDF of the guide.
PPP
SBA Issues Interim Regulations for the Paycheck Protection Program
April 3, 2020 | 1:30 PM
We now have updated information as the SBA issued an interim final rule, providing additional guidance on the Paycheck Protection Program (PPP).

Navigating Active Deals and Transactions

Navigating Active Deals and Transactions
When a Deal Involves Parties Living Abroad, Be Aware of Covid-Related Challenges for Document Execution and Notarization
September 8, 2020 | 2:00 PM
By: Julie Workman
When navigating the complexities of getting a deal across the finish line, it is wise to plan for any potential delays when signatories are living outside of the United States.
Navigating Active Deals and Transactions
Earn-Outs Can Help Bridge Pandemic-Related Valuation Gaps During M&A Negotiations
August 21, 2020 | 2:00 PM
By: Brandon Kaster
Because the extent of COVID-19’s impact remains uncertain, it may be difficult to properly value the target company at the time of signing a transaction – especially if there is a delay between signing and closing.
Navigating Active Deals and Transactions
Why Buyers and Target Companies Need to Pay Close Attention to MAE and MAC Provisions Right Now
August 20, 2020 | 2:00 PM
By: Brandon Kaster
Material Adverse Effect and/or Material Adverse Change provisions are typically included in the core purchase document in M&A transactions to allocate risk with respect to substantial events or consequences that could have a long-term and adverse impact on the target company’s business.
Navigating Active Deals and Transactions
6 Tips for Managing Issues that May Arise in M&A Transactions During the COVID-19 Pandemic
August 18, 2020 | 4:00 PM
By: Brandon Kaster
The ongoing COVID-19 pandemic continues to affect virtually all aspects of life around the world.
Navigating Active Deals and Transactions
How to Handle M&A Due Diligence During the Pandemic
August 19, 2020 | 2:00 PM
By: Brandon Kaster
The COVID-19 pandemic has changed or complicated “business as usual,” including the facilitation of mergers and acquisitions.
Navigating Active Deals and Transactions
What’s going on with my case?
July 22, 2020 | 2:00 PM
By: Erin Mayer
After a four-month hiatus, most Cook County judges have started scheduling remote hearings. Learn what this means for filing motions and why now might be the perfect time to settle your case.
Navigating Active Deals and Transactions
M&A Market for Architecture, Engineering and Contractors: A Q&A with Industry Experts
July 7, 2020 | 2:00 PM
By: David Solomon
Experts in the architecture, engineering, and contractor (A/E/C) advisory community were asked by LP to weigh in on the current state of the M&A market for A/E/C firms.
Navigating Active Deals and Transactions
Current Challenges and Opportunities in the Insurance Distribution M&A Market – Part II: A Buyer’s Perspective
June 23, 2020 | 2:00 PM
We previously shared responses from some of the most active investment bankers in the M&A space on how agencies are navigating the COVID environment (Part I). Today, we share responses from select buyers. Read their perspective on the same four questions.
Navigating Active Deals and Transactions
Current Challenges and Opportunities in the Insurance Distribution M&A Market
June 12, 2020 | 3:00 PM
With hundreds of deals reported each year during the last 15+ years, the insurance distribution market has been one of the more consistent M&A sectors pre-pandemic with new buyers entering the market each year.
Navigating Active Deals and Transactions
How Does the Pandemic Affect M&A Transactions?
March 17, 2020 | 3:00 PM
By: Robert Connolly
Navigating M&A Transactions During the COVID-19 Pandemic.
Navigating Active Deals and Transactions
Select the Right Process for Your Business when Buying Assets
April 22, 2020 | 3:00 PM
Buying assets of a distressed company presents unique challenges and opportunities, which can vary depending on whether the transaction is in court or out of court.
Navigating Active Deals and Transactions
How Do I Navigate Real Estate Transactions During the COVID-19 Pandemic?
March 18, 2020 | 2:30 PM
Whether reviewing or negotiating documents or closing the transaction, there are many questions you should consider to best set yourself up for success during the COVID-19 pandemic.

Finance & Taxes

MSLP, taxes, and financial considerations

Financial Impact
What Is the Difference Between Creditor Workouts and Bankruptcy?
September 21, 2020 | 2:00 PM
By: Harold Israel and Sean Williams
As PPP funds run out and businesses find themselves in a difficult financial situation due to COVID-19, companies may be considering creditor workouts or bankruptcy.
Financial Impact
Bankruptcy 101: What You Need To Know
August 25, 2020 | 2:00 PM
Many experts are predicting an increase in chapter 11 bankruptcy filings in the lower and middle market after the government stimulus programs come to an end, and everyone from businesses and lenders to vendors and customers has questions about what this might mean for them.
Financial Impact
IRS Proposes Regulations to Clarify Three-Year Carried Interest Rule Parameters
August 3, 2020 | 2:00 PM
By: Michael Tuchman
The IRS issued proposed regulations to the three-year carried interest rule (Code Section 1061) affirming that the rule does not apply to gains from the sale of most rental real estate investments that qualify as Code Section 1231 property.
Financial Impact
Federal Reserve Extends Lending Facilities Through Year-End
August 3, 2020 | 1:00 PM
By: Emily Watson
On July 28, 2020, the Federal Reserve Board announced an extension of its Paycheck Protection Program, Main Street Lending Program, and other lending facilities through December 31, 2020.
Financial Impact
Updated FAQs for Main Street Lending Program Provide Additional Clarity on a Variety of MSLP Issues
July 17, 2020 | 2:00 PM
By: Emily Watson
On Wednesday, July 15, the Fed released additional updates to its frequently asked questions (FAQs) for the Main Street Lending Program (MSLP) to clarify some issues.
Financial Impact
Phases of a Commercial Foreclosure Filing
July 8, 2020 | 3:00 PM
By: Jamie Burns
As courts in Illinois begin to reopen, there is sure to be a flood of new commercial foreclosure filings in the wake of the financial hardships caused by the COVID-19 pandemic. Review our estimated timeline of the necessary phases of a commercial foreclosure filing.
Financial Impact
Boston Fed Announces Main Street Lending Program is Fully Operational
July 7, 2020 | 5:00 PM
By: Eileen Sethna and Emily Watson
The Federal Reserve Bank of Boston recently established the Main Street Lending Program (MSLP) in support of small- and mid-sized businesses and is now fully operational.
Financial Impact
Federal Reserve Releases Additional Updates to Main Street Lending Program Guidance
July 2, 2020 | 2:00 PM
By: Emily Watson
Following the Federal Reserve’s June 21 updates to its Frequently Asked Questions (FAQs) in respect of its Main Street Lending Program (MSLP), on June 26 the Fed released additional updates designed to clarify or address various issues.
Financial Impact
Federal Reserve Releases Updated FAQs for Main Street Lending Program
June 22, 2020 | 2:00 PM
By: Emily Watson
The Federal Reserve released updated Frequently Asked Questions (FAQs) that provide additional guidance to lenders and borrowers considering MSLP loans.
Financial Impact
The Impact of COVID-19 on Retail Market
June 22, 2020 | 2:00 PM
By: Marc Fenton
Depending on the state of the economy and consumer shopping habits, to name a few criteria, an increasing number of your favorite retailers may seek bankruptcy protection by the end of the year.
Financial Impact
Fiduciary Duties of Boards of Directors of Financially Distressed Companies in the Time of COVID
June 18, 2020 | 2:00 PM
By: David Solomon and Harold Israel
The longer the pandemic continues, the more clearly it has become that many companies will begin to experience declining financial performance that may threaten the company’s ability to continue to operate as a going concern.
Taxes
Relief for Taxpayers Investing in QOFs
June 10, 2020 | 2:00 PM
By: Joseph Perara
The COVID-19 pandemic has dramatically impacted the economy and has disrupted numerous deals and investments.
Taxes
Claiming Economic Loss on 2019 Tax Return as a Result of COVID-19
June 10, 2020 | 4:00 PM
By: Joseph Perara
On March 13, 2020, President Trump declared the COVID-19 pandemic as a federal disaster under section 501 (b) of the Robert T. Stafford Disaster Relief and Emergency Assistance Act.
Financial Impact
Workout Considerations during COVID-19
May 29, 2020 | 1:30 PM
As we enter into the waning days of 90-day forbearance agreements, experts are predicting the next wave of defaulted loans will follow on its heels. The LP workout team put together a listing of 10 things that lenders should be thinking about as they get ready to handle the anticipated influx of defaulted loans.
Financial Impact
Select the Right Process for Your Business when Buying Assets (PDF)
April 22, 2020 | 4:30 PM
Buying assets of a distressed company presents unique challenges and opportunities, which can vary depending on whether the transaction is in court or out of court.
Taxes
Three Ways to Conserve Cash and Manage Operations in Your Portfolio Company
April 15, 2020 | 1:30 PM
It’s a crucial time for private equity sponsors and investors to respond to the effect the pandemic is having on their portfolio companies. Here are some ways you can conserve cash and manage business operations in the short-term while preparing for long-term impact.
Taxes
What’s Important for Me to Know About The CARES Act?
March 30, 2020 | 5:00 PM
On March 27th, Congress passed and President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), which contains numerous provisions to help stimulate the economy as a result of the COVID-19 pandemic.
Taxes
What Do I Need to Know About the New Tax Filing Deadline?
March 26, 2020 | 12:00 PM
In response to the COVID-19 pandemic, the U.S. Treasury and the IRS are providing taxpayers with extra time to file their federal income tax returns and pay their federal income tax liability.
Financial Impact
My Clients and Customers Can’t Afford to Pay Me – Now What?
April 13, 2020 | 11:00 AM
Businesses are seeing late payments and non-payments at increasing frequency, and now are faced with a difficult decision of whether or not to sue their own clients to recover amounts they are owed. There are things to consider before you go down this road.
Financial Impact
What’s the Best Way to Talk to Clients about Billing Right Now?
April 8, 2020 | 4:00 PM
By: Katie Palumbo
The way you communicate with your clients is more important now than ever, especially when it comes to talking about money.
Financial Impact
How Can I Optimize Cash Flow in My Business?
April 6, 2020 | 10:00 AM
Worldwide, it’s a scary time for businesses, and maintaining cash flow is on every executive’s mind. Luckily, there are a lot of things that you can be doing right now to weather this storm financially if you know what steps to take to optimize your cash.
Financial Impact
How Do I Deal with Clients Who are in Financial Distress?
April 2, 2020 | 4:30 PM
By: George Spathis
Proceed, but with caution, when dealing with customers or clients in financial distress.
Financial Impact
How Might Restaurants and Bars Save Cash and Cut Costs Right Now?
April 2, 2020 | 2:00 PM
By: Jason Hirsh
How do local restaurants and bars navigate these strange and uncertain times? There are many areas of consideration that could reduce costs and increase cash flow.
Financial Impact
What Are the Financial Considerations for Borrowers and Tenants?
March 18, 2020 | 4:00 PM
By: Harold Israel
As the world navigates through the uncertainty of the coronavirus (COVID-19) outbreak, there is disruption across the economic spectrum that could be felt for months or years to come.
Financial Impact
What Are the Financial Considerations for Lenders and Landlords?
March 18, 2020 | 4:00 PM
By: Harold Israel
During the uncertainty that the COVID-19 pandemic brings, there are three actions lenders and landlords can take now to mitigate risk in their businesses.

Living in, or Managing a Community Association

Q&A
Q: My condo unit smells like a smoky bar. What can be done about smoke transmission?
September 10, 2020 | 3:00 PM
By: Adam Kahn
With condominium residents spending more time in their units due to the COVID-19 pandemic, complaints of smoke/odor transmission are on the rise. Find out what condominium residents and boards need to know about smoke/odor transmission complaints here.
Q&A
What can condo associations do to stop large gatherings?
July 28, 2020 | 3:00 PM
By: Adam Kahn
Effective at 12:01 a.m. on Friday, July 24, 2020, that “Residential property managers will be asked to limit guest entry to five per unit to avoid indoor gatherings and parties.”
Living in, or managing a Community Association
Chicago Travel Order, What Community Associations Need to Know
July 20, 2020 | 3:00 PM
By: Adam Kahn
The City of Chicago’s emergency travel order (available here) took effect on July 6 and requires that anyone entering the City of Chicago from “High Incident States” self-quarantine for the lesser of (i) 14 days, or (ii) the duration of their stay in Chicago.
Living in, or managing a Community Association
Conducting Safe, Socially Distanced Condo Board Elections
July 15, 2020 | 3:00 PM
By: Howard Dakoff and Adam Kahn
The Coronavirus pandemic has caused condominium associations to rethink their standard operating practices. Here are some strategies to safely and conveniently conduct board elections during the pandemic.
Living in, or managing a Community Association
Re-Opening Condominium Common Amenities – Phase 4
June 25, 2020 | 3:00 PM
Many condominium associations have been grappling with the issue of when to reopen their amenities such as fitness centers, pools, and sundecks (as applicable) during the ongoing Coronavirus pandemic. While condominium associations are not prohibited from reopening their amenities, many of our condominium clients have been refraining from doing so up to the present due to potential health and liability risks.
Q&A
Tactics to Enlist to Conduct Orderly and Productive Video Board Meetings
June 23, 2020 | 2:00 PM
Virtual meetings have been complicated by the fact that many people are stressed and anxious, having been sheltering in place for months. To impose order, we recommend using any of the following tactics that work best for your association.
Q&A
Relevant Considerations for Re-Opening Fitness Centers
June 18, 2020 | 2:00 PM
By: Adam Kahn
To protect the health and safety of its residents, many community associations temporarily closed their fitness centers. It is understandable that many residents now want their fitness centers to re-opened; however, it is up to each association’s board to decide whether it is safe (and feasible) to do so.
Living in, or Managing a Community Association
What Do Community Associations Need to Know About Collecting Assessments During the Coronavirus Pandemic?
April 1, 2020 | 9:00 AM
We’ve summarized what community associations need to know about collecting assessments during the Coronavirus pandemic.
Living in, or Managing a Community Association
Are There Court Closures Because of COVID-19?
April 1, 2020 | 1:00 PM
The Chief Judge of the Circuit Court of Cook County entered a new Order stating that civil cases will be “rescheduled and continued for a period of 30 days from the originally scheduled court date or a date not more than 30 days after May 18, 2020, whichever is later” due to the ongoing coronavirus pandemic.
Living in, or Managing a Community Association
How Does Pritzker’s “Stay Home” Order Affect Community Associations?
March 23, 2020 | 1:00 PM
We’ve summarized Governor Pritzker’s March 20th Executive Order (“Stay Home Order”), which requires all Illinois residents to stay at home except for “essential activities” and all “non-essential” businesses to close through April 7, 2020.
Living in, or Managing a Community Association
I Didn’t Catch Mayor Lightfoot’s Address, What Do I Need to Know?
March 20, 2020 | 2:00 PM
On Thursday, March 19th, Mayor Lightfoot addressed the City of Chicago regarding the Coronavirus pandemic. This article is a summary of what community associations in Chicago need to know from the Mayor’s address.
Living in, or Managing a Community Association
Condominium Association Emergency Authority, Bans and Pritzker’s Executive Orders: What Do I Need to Know?
March 19, 2020 | 6:00 PM
Condominium boards can (and should) continue to conduct Association business via teleconference by providing notice and dial in information to all unit owners so that they can “attend” the meeting telephonically on as little as 48 hours' notice.
Living in, or Managing a Community Association
Is There a Guide for Associations Navigating Through COVID-19?
March 16, 2020 | 10:00 AM
A road map of topics community associations should be aware to effectively navigate through the Coronavirus (COVID-19) pandemic.

Contractual Obligations

Contractual Obligations
Will the COVID-19 Pandemic Trigger Force Majeure Clauses in Your Contracts?
September 24, 2020 | 1:30 PM
By: Aria Eckersley
We’ve received many questions about whether force majeure clauses are “triggered” by the COVID-19 pandemic. The answer will depend on several factors we’ve outlined here but will ultimately be a very fact-specific analysis.
Contractual Obligations
Landlords Concerns Relating to Upfront Costs Required by a Pre-COVID Commercial Lease
July 8, 2020 | 3:30 PM
By: Robin Black and Jamie Burns
A landlord’s guide on steps to follow, risks to evaluate and alternatives to consider with respect to the COVID-19 impact on commercial leases.
Contractual Obligations
Court Rules on COVID Force Majeure Issue
June 11, 2020 | 3:30 PM
By: Gary Blackman
The issue of force majeure has taken center stage in discussions between contracting parties, in particular, landlords and tenants.
Contractual Obligations
COVID-19's Impact on Construction Contracts
May 20, 2020 | 5:30 PM
By: Abe Trieger
Owners/developers who either are parties to a construction contract or intend to enter into new contracts for the development or construction of real estate projects should be analyzing their construction documents as to COVID-19’s impact on these projects.
Contractual Obligations
Supply Chain Disruption: What Are My Rights Under the Illinois Commercial Code?
April 21, 2020 | 5:30 PM
In the weeks since the COVID-19 outbreak took hold in the United States, it’s clear that the supply chain in many markets has been massively disrupted.
Contractual Obligations
Can I Renegotiate My Sales Commission Agreements?
April 13, 2020 | 12:00 PM
If you utilize outside sales representatives to sell your products, you may be having a hard time making deals economically feasible in the midst of the pandemic-induced economic downturn.
Contractual Obligations
My Clients and Customers Can’t Afford to Pay Me – Now What?
April 13, 2020 | 11:00 AM
Businesses are seeing late payments and non-payments at increasing frequency, and now are faced with a difficult decision of whether or not to sue their own clients to recover amounts they are owed.
Contractual Obligations
Top Ten Things to Include in Sales Representative Agreements
April 13, 2020 | 10:30 AM
You need your commission agreements in writing. If you don’t do this, and a dispute arises with a sales representative, your lawsuit just became far more expensive.
Contractual Obligations
How Can I Firm-Up My Supply Chain?
April 2, 2020 | 4:30 PM
To the extent the success of your business is predicated on the ability to source materials from third-parties, it is imperative that you identify and redress any “weak links” in your supply chain before the chain breaks.
Contractual Obligations
What Will Happen to My Contracts?
March 20, 2020 | 1:00 PM
COVID-19 is a serious matter impacting all phases of our lives. Unfortunately, many business owners and executives now have to ask, what is going to happen to existing commercial contracts in light of the COVID-19 outbreak?
Contractual Obligations
Understanding My Contracts During COVID-19 (PDF)
March 27, 2020 | 12:30 PM
Look at your contracts. With force majeure, impossibility, “act of God” provisions and more, you need to review them, now.
Contractual Obligations
What Issues Should I be Aware of With My Commercial Contracts?
March 17, 2020 | 5:00 PM
In these unprecedented times of the COVID-19 pandemic, it is important to consider what may happen to your commercial contracts.

Running Your Charitable Organization

Running Your Charitable Organization
Making Not-for-Profit Boards More Diverse and Inclusive
July 1, 2020 | 1:00 PM
By: Mary Wasik
During times of natural disasters and global crisis, charitable giving, particularly to support the specific event, increases significantly. We continue to find ourselves in unprecedented times.
Running Your Charitable Organization
The State of Charitable Planning in the Current Environment
June 29, 2020 | 4:00 PM
During times of natural disasters and global crisis, charitable giving, particularly to support the specific event, increases significantly. We continue to find ourselves in unprecedented times.
Running Your Charitable Organization
Will Your Charity Survive the Pandemic? Options for Board Members to Consider
April 30, 2020 | 12:00 PM
As a result of COVID-19, charities are being impacted as much as for-profit businesses; however, the issues related to their survival must be viewed through a lens that is somewhat different than those of for-profit businesses.
Running Your Charitable Organization
How to Deliver on Your Charity’s Mission During a Pandemic
April 14, 2020 | 12:00 PM
The impact of the COVID-19 pandemic is already having a serious effect on charitable giving and the ability of charities to deliver on their mission. The support of board members and other significant volunteers is needed by charities now more than ever.

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