More Good News for PPP Borrowers: Simplified Loan Forgiveness Applications
On June 5, 2020, President Trump signed the Paycheck Protection Program Flexibility Act (the Flexibility Act) into law, after lawmakers passed it almost unanimously. The original Payment Protection Program (PPP)—a key component of the Coronavirus Aid, Relief, and Economic Security Act signed in March—and the accompanying guidance issued by the Small Business Administration (SBA) and […]
Good News for PPP Borrowers: The New Paycheck Protection Program Flexibility Act of 2020
The landmark COVID-19 stimulus package, the Coronavirus Aid, Relief, and Economic Security (CARES) Act, has been a significant tool for assisting struggling small businesses during the current international pandemic. However, the centerpiece of this legislation, the Paycheck Protection Plan (PPP), has been a source of confusion and frustration for many business owners seeking this aid. […]
Force Majeure Clauses in Light of COVID-19
Businesses across the globe have experienced unprecedented interruptions and closures because of the COVID-19 pandemic. As a result, many businesses are finding it difficult to perform their contractual obligations. Consequently, a common but often overlooked contractual clause is in the limelight: the force majeure clause. Contrary to popular belief, the mere existence of a force […]
Steps to Protect Your Business Against Future COVID-19 Related Claims
Join the Augusta Metro Chamber and local law firm Enoch Tarver, PC to determine how to protect your business against any future COVID-19 claims that may arise now or during the future of recovery. Attorneys and Partners at Enoch Tarver, PC, Ed Enoch and Ed Tarver will evaluate legal obligations to consumers, clients & employees, share essential […]
FAQ and Discussion Questions Regarding EIDL and PPP for Small Business
Professional small business attorney, Ed Enoch, and CPA, Lisa Mayo, provide insight to commonly asked questions regarding EIDL and PPP Loan programs for small business owners. Joined by UGA SBDC Augusta Area Director, Rick McMurtrey and Moderator Rebecca Kruckow, the panel works to help owners understand options for assistance and ways to work through our […]
Dealing with Negative Online Reviews of Your Business
You’ve worked hard to build your small business. Nothing is more frustrating than negative online reviews, particularly if you feel they are unjustified or have been posted in bad faith. There are several steps that you can take to prevent your business’s reputation from being damaged by unfavorable reviews. Respond promptly and professionally. More and […]
What is the Difference Between an LLC and an LLP?
If you are starting a new business, the type of business entity you decide to establish will have an impact on the extent of personal liability, how the business is taxed, its management, the level of formality required, and many other factors. There are a wide variety of options, which can make this decision quite […]
The Personal Guarantee: 5 Ways Small Business Owners Can Reduce Their Liability
Small businesses make a huge contribution to the U.S. economy. Nevertheless, starting a new business is risky. Lenders view loans to small businesses, particularly start-ups, as among the riskiest they make, particularly when there is little or no credit history or business revenue on which to base their decision. In an effort to lessen their […]
What Counts as “Hours Worked” Under the Fair Labor Standards Act?
If your small business has non-exempt employees covered by the Fair Labor Standards Act (FLSA), you are required to pay those employees in accordance with its minimum wage and overtime requirements for all “hours worked.” This may seem like a simple requirement, but figuring out what is considered “hours worked” may be more complicated than […]
Business Insurance: Protecting Your Business from Unexpected Losses
As a small business owner, you have invested large amounts of time and money to make your business a success. Business insurance protects this investment in the event of unexpected damage to property or lawsuits, which could otherwise be devastating to your business. There are many types of insurance available depending upon the nature of […]
