COVID-19

At the end of March, political leaders across the planet, including governors of almost every state in the U.S., ordered over a billion people to ‘shelter-in-place’ to slow the spread of the novel coronavirus. In addition to slowing the virus, these orders have also drastically slowed or halted the growth of the global economy in many sectors. This sudden and drastic economic downturn led the U.S. Congress to pass the

By Alyson Jaen Many commercial tenants are feeling the financial strain of making rental payments during the ongoing COVID-19 pandemic. For some businesses, it may not be possible to make the monthly rental payments. If that’s the case, there are many things tenants need to consider. To begin with, some state and local jurisdictions are enacting measures in response to the ongoing crisis in order to help commercial tenants during

Paycheck Protection Program Details: Low-interest, potentially forgivable PPP Loans will be available through SBA lenders beginning April 3. PPP model loan application is now available. When 75% of PPP loan proceeds are used for payroll, and other conditions met, you may receive full forgiveness of the principal amount. Funds are loaned at .5% interest with a two-year maturity; repayment deferral period is six months. Yesterday the Small Business Administration (SBA)

By David Olsky On March 27, 2020, The Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) was signed into law. One of the most important provisions of the CARES Act is a major temporary expansion of the SBA Act called the Paycheck Protection Program. The Paycheck Protection Program allows businesses with 500 employees or fewer (including independent contractors and sole proprietorships) that have been negatively affected by the

By Andrew Neiman Americans have taken action with hopes to curb the spread of the novel coronavirus through social distancing, self-quarantine, and other efforts to “flatten the curve.” Twenty one states have issued stay-at-home orders—mandatory restrictions that require people to stay home except for certain “essential activities.” While these actions are crucial to lessen strain on health care system and prevent deaths, they have greatly restricted economic activity. On March

The U.S. Treasury Department, Internal Revenue Service (IRS), and the U.S. Department of Labor (Labor) have announced that small and midsize employers can begin taking advantage of two new refundable payroll tax credits, designed to immediately and fully reimburse them, dollar-for-dollar, for the cost of providing Coronavirus-related leave to their employees under the Families First Coronavirus Response Act (Act) The legislation will enable employers to keep their workers on their

Denver Mayor Michael Hancock today announced a new Public Health Order with an explicit stay at home directive for all residents of the City and County of Denver that will go into effect at 5 p.m. on Tuesday, March 24 and continue until April 10.  All businesses with a facility in Denver, except Essential Businesses (defined in the Order) are required to cease all activities at facilities located within the City

To our valued clients, We understand that the current situation has no parallel and businesses are facing some of the most difficult times since the Great Depression.  We understand that many of you likely already are having your inboxes flooded with emails from companies about COVID-19.  Rather than further clutter your email boxes, and given the seriousness and uncertainty of this situation, we have decided to launch a separate page on