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. Below we’ve compiled answers to your questions and our resources surrounding this topic.
Your Daily Three
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.
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.
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.
Your Daily Three: May 26 | Spotlight on PPP Forgiveness
May 26, 2020 | 4:30 PM
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. Given its importance, and the comprehensive nature of the release, today’s Daily 3 will be focused entirely on this topic.
May 22, 2020 | 5:00 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. But you can only read lawyer posts for so long without needing a break. (Us too).
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.
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.
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.
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.
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.
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.
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.
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.
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.
May 8, 2020 | 4:30 PM
Today we answer questions about the latest EEOC guidance, unemployment benefits, and real estate financing.
May 7, 2020 | 5:00 PM
Today we answer questions about PPP loans, maintaining a resilient organization, and new workers compensation rules related to employees of essential businesses.
May 6, 2020 | 5:00 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.
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.
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.
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).
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.
What You Can Do Today: April 29 | Special Edition, Planning for Re-opening
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.
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.
What You Can Do Today: April 27
April 27, 2020 | 3:00 PM
Three things you can do today: 1) take a look at your health and welfare plan eligibility, 2) see how the CARES Act can help small business debtors, and 3) select the right process when buying assets.
What You Can Do Today: April 24
April 24, 2020 | 3:00 PM
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
What You Can Do Today: April 7th
April 7, 2020 | 6:00 PM
As businesses face financial pressures and uncertainty, business leaders face frustrations with banks closing their doors to PPP loan applications and the complexity of the government-issued forms themselves. 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.
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.
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.
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.
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.
What You Can Do Today: April 1st
April 1, 2020 | 5:00 PM
Three things tenants and landlords can do today.
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.
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.
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
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.
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.
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.
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.
COVID-19 Workplace Safety for Essential Businesses: What is New in Illinois?
April 21, 2020 | 4:00 PM
Several Illinois localities have implemented mask requirements and Governor Pritzker is considering issuing an order that requires the use of face masks state-wide. 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.
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. 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).
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.
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.
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.
The poster is available for download in English, or Spanish.
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) and Expanded FMLA (E-FMLA) requirements, which went into effect on April 1.
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.
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.
March 27, 2020 | 1:00 PM
More Guidance from DOL on Paid Sick Leave and Emergency FMLA.
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.
DOL Releases COVID-19 Mandatory Notice to Employees: What Do I Need to Do?
March 26, 2020 | 12:30 PM
Yesterday, 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).
New Guidance on Families First Coronavirus Response Act
March 25, 2020 | 1:00 PM
Since the Families First Coronavirus Response Act (FFCRA) was signed, 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.
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.
Do You Have a Breakdown of the Families First Coronavirus Response Act?
March 19, 2020 | 12:00 PM
On the evening of 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.
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.
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.
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
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.
In Re-Opening the Office, “Priority No. 1” is Health and Safety
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. As states and businesses begin to re-open, the health and safety of employees and all involved parties is Priority No. 1.
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?
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? You should start by performing building/property reviews and assessments to prepare and plan for re-opening.
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.
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.
How Do I Ensure My Office is Clean and Safe to Re-open?
March 24, 2020 | 4:00 PM
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.
Contractual Obligations
COVID-19's Impact on Construction Contracts
May 20, 2020 | 5:30 PM
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.
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. With broad government restrictions impacting onsite business operations, workers becoming sick, factories closing, or even considering shuttering, contracts for the sale of goods are far more complicated than they were just weeks ago.
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. Here are tips on how to renegotiate commission agreements, and what to include to protect your company.
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.
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.
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.
Understanding My Contracts During COVID-19
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.
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?
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.
Financial Impact
PPP Economic Necessity Certification – Updated Guidance
May 13, 2020 | 3:00 PM
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. For loans over $2 million, if during the course of the SBAs audit of that loan they determine that a borrower does not have an adequate basis for the economic necessity certification, if the borrower repays the loan, the SBA will not pursue administrative enforcement with respect to the economic necessity certification.
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. As part of the PPP, the government would forgive the amount of the loan that the recipient used for certain eligible expenses the recipient incurred during the eight-week period beginning on the loan origination date.
Paycheck Protection Program and Updated Guidance on the Economic Uncertainty Test
April 28, 2020 | 10:00 AM
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 – namely, that “current economic uncertainty makes the loan request necessary to support ongoing operations of the applicant”.
April 28, 2020 | 1:00 PM
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
April 27, 2020 | 1:00 PM
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
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.
Small Business Bankruptcy Considerations
April 24, 2020 | 10:00 AM
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. Successful restructurings generally involve infusions of capital at some point in the process, and the turmoil in financial markets will make it more difficult and more expensive to source the financing to fuel restructuring options.
The Impact of the CARES Act on Employee Benefit Plans: Part Two, Effect of Layoffs and Furloughs
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? Part Two: Effect of Layoffs and Furloughs on Benefit Plans, Partial Plan Terminations
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? PART ONE: Potential changes to retirement plan loan and distribution rules from CARES Act and potential modifications to plan contributions for COVID-19 pandemic.
Think Ahead: Properly Account for Your PPP Funds
April 22, 2020 | 4:00 PM
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.
Select the Right Process for Your Business when Buying Assets
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.
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. 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).
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.
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.
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…
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.
What’s the Best Way to Talk to Clients about Billing Right Now?
April 8, 2020 | 4:00 PM
The way you communicate with your clients is more important now than ever, especially when it comes to talking about money.
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.
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.
CARES Act and Small Business Loans for COVID-19
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.
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).
How Do I Deal with Clients Who are in Financial Distress?
April 2, 2020 | 4:30 PM
Proceed, but with caution, when dealing with customers or clients in financial distress.
How Might Restaurants and Bars Save Cash and Cut Costs Right Now?
April 2, 2020 | 2:00 PM
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.
What Are the Financial Considerations for Borrowers and Tenants?
March 18, 2020 | 4:00 PM
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.
What Are the Financial Considerations for Lenders and Landlords?
March 18, 2020 | 4:00 PM
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.
Navigating Active Deals and Transactions
How Does the Pandemic Affect M&A Transactions?
March 17, 2020 | 3:00 PM
Navigating M&A Transactions During the COVID-19 Pandemic.
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.
Protecting Your Assets
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?
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.
What Can I Do to Best Prepare My Family During a Pandemic?
April 6, 2020 | 9:00 AM
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.
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.
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. As the PTO remains open for the filing of trademark and patent documents and fees, the above waiver is available only if the delay was due to the COVID-19 outbreak as defined above. The USPTO will continue to evaluate the evolving situation around COVID-19 and the impact on the USPTO's operations and stakeholders.
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.
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.
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.
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.
Living in, or Managing a Community Association
April 1, 2020 | 9:00 AM
We’ve summarized what community associations need to know about collecting assessments during the Coronavirus pandemic.
Are There Court Closures Because of COVID-19?
April 1, 2020 | 1:00 PM
On March 30, 2020, 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.
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.
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.
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.
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.
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.
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.
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.
Running Your Charitable Organization
Will Your Charity Survive the Pandemic? Options for Board Members to Consider
April 30, 2020 | 12:00 PM
Joining the board of a charity is a fulfilling way for individuals to provide monetary support to their favorite cause and share the benefit of their experience and expertise as a board member. 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.
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.
Helpful Links
-
Emergency Remote Notarization and Witnessing Orders | This publication was compiled by Lauren Wolven
-
OSHA’s Comprehensive Guidance on Preparing Workplaces for the Virus
-
Department of Labor’s Questions and Answers regarding FMLA and COVID-19
-
The Center for Disease Control & Prevention Real-Time Information and Updates
-
The Anti-Defamation League's Guide on "How to Prevent Zoombombing"
-
Top 10 List: Mindful Ways to Cope With a Global Pandemic authored by Paula Jill Krasny