Authorizes up to $349 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis. All loan terms will be the same for everyone. The loan amounts will be forgiven as long as: The loan proceeds are used to cover payroll costs, and most mortgage interest, rent, and utility costs over [..]
The Coronavirus Aid, Relief, and Economic Security (CARES) Act – (CARES) Act has allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn. Known as the Paycheck Protection Program, the initiative provides 100% federally guaranteed loans to small businesses who maintain their payroll during this emergency. Loans can be [..]
SBA Disaster Assistance Available for Florida Small Businesses Impacted by Coronavirus Today, the U.S. Small Business Administration announced that small businesses located in the State of Florida adversely impacted by COVID-19 can now apply for disaster loans. For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations, the SBA [..]
Part Two – The significantly re-vamped version of the Florida Business Corporation Act (the “FBCA”).
This is part two of the significantly re-vamped version of the Florida Business Corporation Act (the “FBCA”), which went into effect on January 1, 2020. This article highlights some of the changes to the previous FBCA that Florida corporations may encounter if they find themselves party to a lawsuit. The first article addressed some of [..]
Changes to the Florida Business Corporation Act (FBCA) will become effective for all corporations on January 1, 2020
On January 1, 2020 a significantly re-vamped version of the Florida Business Corporation Act (the “FBCA”), which can be found at Chapter 607, Part I, of the Florida Statutes, will be going into effect. The revised FBCA borrows language from the Florida Revised Limited Liability Act (“FRLLCA”), which can be found at Chapter 605 of [..]
September 28th, 2019, The Hispanic Chamber of Commerce Palm Beach County hosted their 22nd Annual Awards Gala. I was honored to be recognized a new Board of Directors Member as the Chair of the Governmental Relationship Committee. 22nd Annual Hispanic Chamber Gala – Click this link to see pictures from the magical night.
The State of Florida has enacted into law a new approach to closing out of open permits, aimed at helping real estate closings close on time; Local governments can now close open and expired permits without inspection if it is determined no apparent safety hazards exist; The new law also changes liability standards for contractors; [..]
In 2020, the state of Florida’s Circuit Court jurisdictional minimum will increase to $30,000. In 2023, the Circuit Court jurisdictional minimum will increase to $50,000. The change in jurisdictional minimums should result in more cases being filed in County Court rather than Circuit Court, with the hope that a greater division between the two leads [..]
Before you finalize a home purchase, it is advisable to get title insurance on the property first. Although the chances of filing a claim are relatively low, you stand to lose a lot more than the cost of the coverage in case something goes wrong. In fact, you could lose the house in its entirety. [..]
Starting a business with someone else is a tricky endeavor. While things may seem promising now, conflicts and disagreements in the course of your partnership could really take a toll on the company. Having an operating agreement is a great way to protect yourselves and avoid losing everything you have been working for. Here are [..]