We are all in the same boat when it comes to COVID-19, but everyone’s needs are unique to their circumstances. Below are some resources that we believe will be of great value to you, your family, and/ or your business. (Updated April 7, 2020)
Support Local Businesses
The combination of government closures, shelter-in-place orders and recommended social distancing in response to COVID-19 has taken a large toll on small businesses as many of them are having to close down temporarily or experience a huge decrease in sales, especially if they are a “brick & mortar” store like a cafe, restaurant or other types of mom & pop stores. Depending on how long the crisis lasts, some small businesses are in danger of closing their doors permanently. As a small business ourselves, we at ALG want to encourage you to consider ways you can help small businesses survive these trying times. Read about one practical suggestion here!
Information for Employers During COVID-19 Crisis
One of our colleagues, Ms. Andrea Paris, Esq. has written an article to help employers properly handle the new situations COVID-19 has us in, such as: how to protect the health of your employees, how to respond to employee request for time off, how to proceed if you have to reduce hours or lay off employees, how to know when your business must go dark, and how to help guide your employees to find the support they need. Read it here.
Economic Relief from the SBA
For small business owners: Relief is available for you should you find yourself struggling to make ends meet. SBA disaster loans are available for small businesses “suffering from substantial economic injury as a result of the Coronavirus (COVID-19).” For more information on eligibility and how to apply, click here.
The CARES Act (aka “Coronavirus Aid, Relief, and Economic Security Act’’), was recently passed by Congress on March 27th, 2020 and includes a Paycheck Protection Program to help keep employees of small businesses employed. For more information, please click here.
In an effort to support those financially struggling and to boost the US economy, Stimulus Payments are scheduled to be distributed by the federal government starting mid-April to all those who qualify. For more information on what the qualifications are, please visit the IRS website. The IRS will be providing updates to their website regarding the Stimulus Payments and they also have a link with information on how to protect yourself from any Stimulus Payment related scams.
Other Helpful Resources
During your free 30 minute initial consultation meeting with the professionals at Avodah Law Group®, you will receive clarity, guidance and answers to your questions, such as:
• I want to start my business off on the right foot. How do I get started?
• What kind of business entity should I choose? A corporation? A partnership? An LLC?
• What steps do I need to take to protect my personal assets from my business operations?
• How can I protect my personal assets from my business liabilities, especially if I have a partner or two?
• I want a contract in place to govern the transaction I’m about to enter into. What kind of terms do I need?
• I’m about to purchase a business. What do I need to watch out for?
• How can I protect my personal assets and preserve them for my children and heirs in case something happens to me?
• I want to make sure that people I trust will take care of my children if something happens to me. How do I do that?
• What is the difference between a living trust and a will?
• Do I need a living trust?
• What is a “health care power of attorney” and why do I need one?
- ABA Guide to Wills and Estates (free downloadable PDF copy)
- State Bar of California’s on-line pamphlet, “Do I Need Estate Planning?”
Have a question? Send it over.
It is our desire that you receive valuable assistance that brings your best to light.
Disclaimer: The information contained on this website is general information only, and does not constitute legal advice; this information should not be relied upon without consulting with a lawyer. Furthermore, neither use of this website, nor transmission or receipt of materials from this web site creates an attorney-client relationship or an offer to represent you. No duty of any kind shall arise in favor of anyone accessing this site. Sending an e-mail to Avodah Law Group®, a PLC also does not establish an attorney-client relationship, and the contents of such communications may not be confidential. Avodah Law Group®, a Professional Law Corporation © 2017