Rehiring Employees Under the SBA “PPP”Program May 13, 2020 As businesses are beginning to receive funding from the Small Business Administration (the “SBA”) as part of the Paycheck Protection Program (the “PPP”), they are faced with decisions on whether to rehire employees that they previously had to lay off due to the economic impacts [..]
A second coronavirus emergency aid package was signed into law, named the Families First Coronavirus Response Act. This act responds to the growing health and economic crises with provisions for paid sick leave, free testing and expanded unemployment benefits. This legislation allocates roughly $8 billion for coronavirus prevention, preparation and response efforts. Here’s a breakdown [..]
Economic Injury Disaster Loans (EIDL) EMERGENCY GRANT through the Small Business Administration (SBA)
Overview – The (EIDL) Economic Injury Disaster Loan Grant Offers up to a $10,000 grant to businesses as an operating advance through the SBA. The SBA is now offering this grant as part of their new EIDL loan application process. There are a lot of misconceptions swirling around the Economic Injury Disaster Loan (EIDL). Rodriguez [..]
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 of a three-part series on the significantly re-vamped version of the Florida Business Corporation Act (the “FBCA”).
This is part two of a three-part series on 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 [..]
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.