HOW MIGHT COVID-19 AFFECT YOU 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. Below we’ve compiled answers to your questions and our resources surrounding this topic.

Your To-Do Lists

April 6

What You Can Do Today: April 6th

April 5, 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.

April 5

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.

April 3

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.

April 2

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.

April 1

What You Can Do Today: April 1st

April 1, 2020 | 5:00 PM

Three things tenants and landlords can do today.

March 31

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.

March 30

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.

March 27

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

leave of absence

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.

employee web

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.

Schools Closed

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. 

email communications

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.

HR

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).

cleaning in progress

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.

cleaning in progress

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.

Work from home

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. 

 Sick Mask on Grass with family

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.

Sick Mask

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.

FMLA

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.

coronavirus files

 

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.

Contractual Obligations

broken link

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.

gloves shaking hands

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. 

Chain reaction

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? 

Force Majeure

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

coins dropping into a bank

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.

COVID-19 Economy

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.

broken piggy bank

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).

broken piggy bank

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. 

restaurant closed

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.

small business

Cares Act and Small Business Loans for COVID-19

April 2, 2020 | 12:00 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.

head in sand

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.

house puzzle

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

Chess

How Does the Pandemic Affect M&A Transactions?

March 17, 2020 | 3:00 PM

Navigating M&A Transactions During the COVID-19 Pandemic

Closed During Coronavirus

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

Protect My Estate Plan

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.  

intellectual property

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.

IP Office

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.

loan agreements

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.

IP Lightbulb

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.

Cyber Attack

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.

House balancing

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

condo piggy bank

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.

Eviction Notice

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.

House with Question Marks

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.

Man looking outside from window

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.

Matches

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. 

Toy House

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

COVID-19 Economy

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.

Tax Day

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. 

 
Has COVID-19 impacted your business? We’re here to help.