There is very little difference between the prior program and the current program. It is really just an extension with some restrictions for well-funded companies. 1. Applications are first come, first served. Loans are being processed on a first come, first served basis. The first round of funds was allocated in less than two weeks. Any business or individual considering a PPP loan should…
On Friday, April 24, 2020, President Donald J. Trump signed a $484 billion stimulus bill, amending the Paycheck Protection Program, Economic Injury Disaster Loans, and Emergency Grants which included an additional $310 billion in the paycheck protection program and an additional $10 billion in funding for the SBA’s Emergency Injury Disaster Loan Program. In response, the SBA announced that it would begin accepting application…
Every developer knows the zoning approval process is dictated to a large extent by where a particular property is located. Every municipality has its own set of rules when it comes to the zoning approval process whether seeking a building permit, special use permit, variance, change of zone, subdivision or other land use approval. These rules necessarily require a knowledgeable Land Use and Zoning attorney…
The EEOC has issued new guidance on its website in a question and answer format. The EEOC enforces workplace anti-discrimination laws (https://www.eeoc.gov/wysk/what-you-should-know-about-covid-19-and-ada-rehabilitation-act-and-other-eeo-laws#A.6). This guidance gives answers to some of the questions employers have had in recent weeks, including but not limited to; 1. Medical exams for employees and new hires; 2. Taking employee’s temperatures; 3. Providing reasonable accommodations for disabled employees both on the…
I. The $349 billion allocated to the Paycheck Protection Program Runs Out of Money The Small Business Administration is already tapped out of emergency loan funds approved last month to help companies stay solvent and avoid having to terminate workers. https://www.yahoo.com/entertainment/sba-stimulus-loan-program-runs-181843384.html II. Mandatory Sick Leave Section 196-b, newly added to the New York Labor Law, mandates that employers, throughout all of New York State,…
Local governments throughout New York State are navigating how to comply with new social distancing requirements implemented in response to the Covid-19 pandemic while trying to conduct essential municipal business. In direct conflict with the Covid-19 social distancing requirements, is the in-person access to meetings requirement in Open Meetings Law (Article 7 of the Public Officers Law). Governor Cuomo has issued two Executive Orders to…
Virtually every company in New York State has been impacted by the COVID-19 outbreak. Many of these companies have business interruption insurance (also known as business income insurance), which is typically found as part of the insured’s property and casualty commercial insurance policy. However, the coverage scope of each policy can vary in certain critical ways and can have numerous wrinkles, any of which may…
As a general rule, state-level offices are closed to walk-in traffic, but remain “open” to accept electronically new entity formation filings, amendment filings, dissolution filings, merger filings, document search requests, good standing certificate requests, UCC financing statements and renewals, and other filings. The corporate jurisdictions our clients deal with most frequently are New York and Delaware. New York State Department of State, Division of Corporations…
Virtually every company in New York State has been impacted by Governor Andrew Cuomo’s Executive Orders requiring all nonessential New York workers to stay home and by the COVID-19 outbreak more generally. Many of those same New York companies also have business interruption insurance (also known as business income insurance). This type of insurance is typically found within or as a supplement to the insured’s…
Virginia A. Kawochka, Administrator at Forchelli Deegan Terrana LLP (“FDT”), is a Co-Chair of the Nassau County Bar Association’s (NCBA) newly-introduced Legal Administrators Committee. She Co-Chairs this Committee with Dede S. Unger, Firm Administrator at Barket Epstein Kearon Aldea & LoTurco, LLP. According to the Nassau Lawyer, the Legal Administrators Committee provides a forum for these professionals to share information, learn about updates to…