Emerging Companies and Start-ups

• COVID-19

  SBA Publishes Interim Final Rules for Payroll Protection Program

  • April 3, 2020
  • By Allen & Gooch

  On April 2, 2020, the Small Business Administration (“SBA“) issued the Interim Final Rules (the “Rules”) for the Payroll Protection Program (the “PPP”), which are found at 13 CFR Part 120, to outline Sections 1102 and 1106 of the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”). Although there is a possibility the […]

• COVID-19

  The Novel Coronavirus (COVID-19) and Performing Your Contractual Obligations

  • March 30, 2020
  • By Emile Joseph

  As state and federal leaders increasingly implement restrictions on everyday life – including business functions – in an effort slow the spread of COVID-19, you may find yourself suddenly concerned about fulfilling your contractual obligations. In such a case, you may quickly begin to wonder whether you are protected from liability if you cannot perform […]

• COVID-19

  Business Interruption Insurance and the Coronavirus (COVID-19)

  • March 29, 2020
  • By Emile Joseph

  With the spread of COVID-19 in Louisiana, the governor has ordered business in Louisiana to close or greatly reduce operations. Many business owners have obtained insurance in order to protect their companies from losses associated with business interruptions. This coverage may be something you specifically requested, or may be included as part of your broader […]

• COVID-19

  Express Loan Changes Under the CARES Act

  • March 29, 2020
  • By Allen & Gooch

  The CARES Act is the recent legislation targeted to providing assistance to those impacted by COVID-19. The legislation includes changes to several existing programs including the existing SBA Express Loan program. While the specifics of the changes and administration of the program will become more clear in the coming weeks, there is some limited information […]

• COVID-19

  Navigating Payroll through COVID-19 – Resources for Employers

  • March 29, 2020
  • By Allen & Gooch

  With the recent changes to the work environment, there are numerous questions for employers regarding payroll obligations and leave available to employees. Additionally, what resources and relief are available to employers? The following identifies three key resources available to help employers navigate through these challenging times. 1) Payroll Protection Loan Employers may be eligible for […]

• COVID-19

  Highlights for Employers from the Q&As Issued by the DOL on Paid Leave

  • March 28, 2020
  • By Allen & Gooch

  The Department of Labor issued a series of Q&As regarding the Family First Coronavirus Response Act (FFCRA) that expands the Family Medical Leave Act and requirements of Paid Leave. I would encourage all employers to review the recent guidance from the DOL available at: https://www.dol.gov/agencies/whd/pandemic/ffcra-questions. A few highlights from the Q&A’s were as follows: Businesses […]

• COVID-19

  COVID-19 Resources for Small Businesses – Family First Coronavirus Response Act

  • March 20, 2020
  • By Allen & Gooch

  What does your Business Need to Know about the Family First Coronavirus Response Act? Family First Coronavirus Response Act (H.R. 6201) passed late yesterday related to paid leave policies for employers.  The law will take effect on April 2, 2020 and remain effective until December 31, 2020.  There are certain key employment provisions that employers […]

• COVID-19

  COVID-19 Resources for Small Businesses – Compliance with Employment Laws

  • March 20, 2020
  • By Allen & Gooch

  The Equal Employment Opportunity Commission (EEOC) recently released guidance to aid employers in navigating important questions regarding the COVID-19 pandemic.  The guidance addressed compliance with workplace related decisions impacting the Americans with Disabilities Act and the Rehabilitation Act.  The guidance from the EEOC answered the following critical questions for employers: How much information may an […]

• COVID-19

  White Collar Exemptions – Rule Changes to Wage Requirements

  • March 23, 2016
  • By Allen & Gooch

  July 2016 Timeline for Final Rule on White Collar Exemptions As many employers are aware, the Department of Labor (DOL) has proposed a rule change to the white collar exemptions for minimum wage and overtime requirements. The proposed rule updated the minimum compensation and salary levels to qualify for the white collar exemption from the […]

• COVID-19

  Return of SBA 504 Debt Refinancing Loan Program

  • March 21, 2016
  • By Allen & Gooch

  A Return of SBA 504 Debt Refinancing Loan Program to Aid Development of Small Business SBA 504 Loan Program anticipated to begin mid-2016. Congress recently reinstated the Small Business Administration (SBA) 504 Debt Refinancing Loan Program. The program is expected to begin in three to four months and will allow businesses to refinance or renovate […]