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7 Apr 2020, 2:56 pm
Take average monthly payroll costs and multiply by 2.5 Add the outstanding amount of an EIDL loan made between 1/31/2020 and 4/3/2020 less the amount of any “advance” under an EIDL COVID-19 loan bc the advance does not have to be repaid Determining Payroll Gross salary, wages, commissions, plus tips or equivalent, Vacation, parental, family, medical, or sick leave Severance for dismissal or separation Health care benefits including insurance premiums Retirement benefits State… [read post]
7 Apr 2020, 2:23 pm
Among other things, Jackie focuses on counseling companies and business owners through all stages of their ventures from conception to dissolution, assisting her business clients in all of their needs for maintenance and growth. [read post]
7 Apr 2020, 12:46 pm
That newsletter correctly stated that boards have a fiduciary duty to keep their associations’ operational, meaning that they have to pay the utility bills, pay for insurance, for maintenance of the common area, the cost of dealing emergencies, pay vendors, etc. [read post]
7 Apr 2020, 11:42 am
For instance, a plaintiff may seek compensation for a business owner’s negligence in his or her initial lawsuit. [read post]
7 Apr 2020, 11:35 am
Many property owners and insurance providers blame the victim for the fall. [read post]
7 Apr 2020, 10:56 am
Economic Industry Disaster Loans Average Monthly Payroll Calculation Wages (<$100k) Distributions to owner/partner Group health insurance Retirement benefits Loan Application Process SBA Lenders 2 year term @ 1% interest Required forms and other application data Loan Forgiveness Process Qualified expenses Timeline Click Here to Register [read post]
7 Apr 2020, 7:45 am
Any small business owner can apply through and SBA-approved back for no charge. [read post]
7 Apr 2020, 6:19 am
This 45-minute conversation will cover: Short- and long-term approaches to consider for dealing with low occupancy and declining operating revenue Financial issues specific to industry loans Insurance coverage in the context of the hotel & hospitality industry Insurance-related litigation outlook Q&A REGISTER NOW [read post]
6 Apr 2020, 4:14 pm
Maryland: On April 6th, the Maryland Insurance Administration issued Bulletin No. 20-18, to all property and casualty insurance companies and producers, encouraging insurers to work with policyholders to make premium reductions, relating to vehicles owners returning registration plates and dropping insurance coverage to reduce costs, without the return of tags. [read post]
6 Apr 2020, 10:37 am
While many cities and states have suspended evictions and foreclosures, on March 18, 2020 the Department of Housing and Urban Development announced plans directing the Federal Housing Administration (“FHA”) to suspend foreclosures and evictions on single family homeowners with FHA-insured mortgages for the next 60 days. [read post]
6 Apr 2020, 8:11 am
For example, assume an employee is paid $1,000 per week and receives tax-free group health insurance benefits that are continued by the employer, and the cost to provide the health insurance is $100 per week. [read post]
6 Apr 2020, 6:00 am
All of this adds up to the possibility that owners and other construction related businesses could shutter and importantly payment streams can slow or dry up. [read post]
6 Apr 2020, 5:51 am
The need for business owners to take sensible precautions and reasonable steps to prevent a claim, as well as the separate duty to mitigate a loss, and how those may be balanced, is also an issue. [read post]
6 Apr 2020, 3:00 am
And as a direct result, Sylvia’s owner, Taniedra McFadden was forced to lay off 95 people; 90% of her staff. [read post]
3 Apr 2020, 6:23 pm
., individuals who employ household employees such as nannies or housekeepers); (iii) an owner of 20% or more of the equity of the applicant is incarcerated, on probation, on parole; presently subject to an indictment, criminal information, arraignment, or other means by which formal criminal charges are brought in any jurisdiction; or has been convicted of a felony within the last five years; or (iv) the applicant has obtained a direct or guaranteed loan from the SBA or any other federal… [read post]
3 Apr 2020, 3:10 pm
The policy of insurance between the business owner or property owner will govern the terms and conditions of payment. [read post]
3 Apr 2020, 1:01 pm
Loans are offered through any existing SBA 7(a) lender or through any eligible and participating federally insured depositary institution, federally insured credit union, Farm Credit System institution and certain other depository or non-depository financing providers. [read post]
3 Apr 2020, 8:31 am
Businesses can apply for a PPP loan through any existing SBA 7(a) lender, or participating federally insured banks, federally insured credit unions, and Farm Credit System institutions. [read post]
3 Apr 2020, 8:06 am
We recognize some members may have access to a similar service through their insurance or healthcare providers, but others may not. [read post]
3 Apr 2020, 3:03 am
New Jersey introduced similar legislation but another Hunton Andrews Kurth blog reports the bill has been pulled to allow time for insurers time to come forward with their own plan for how to address the issue. [read post]
