SBA, Treasury Department Warn Businesses to Carefully Consider Whether PPP Loan is Necessary

Apr 29, 2020

On April 23, 2020, the Treasury Department, in collaboration with the Small Business Administration (the “SBA”), released guidance in the form of Frequently Asked Questions (FAQ).  The potentially most significant aspect of the FAQ’s is the warning that businesses applying for, or receiving, […]

Main Street Lending Program: Federal Reserve, Treasury Department Take Action to Combat COVID-19

Apr 13, 2020

Pursuant to its mandate from Congress to promote maximum employment, stable prices and market stability, the Federal Reserve announced on April 9, 2020, that it is taking measures to provide up to $2.3 trillion to further assist households and employers of all sizes […]

Legal & Tech: Practical Considerations for Hires, Furloughs and Separations of Remote Employees

Apr 9, 2020

Legal & Tech: Practical Considerations for Hires, Furloughs and Separations of Remote Employees Apr 9, 2020   With the shelter-in-place orders going through April 30th and possibly beyond, it is important to prepare your company for possible furloughs, layoffs, and terminations with your remote employees. […]

CARES Act: Frequently Asked Questions and Answers

Apr 3, 2020

Click to Go to Answer: When can my business submit an application for an SBA 7(a) loan from the Paycheck Protection Program? For purposes of calculating “payroll costs,” should a business include compensation paid to independent contractors? Is a portfolio company of a […]

Summary of Legislation and Rulemaking Impacting Small Businesses Affected by COVID-19

Apr 1, 2020

Summary of Legislation and Rulemaking Impacting Small Businesses Affected by COVID-19 Apr 1, 2020 The impact of COVID-19 has affected everyone in the United States.  In response to the widespread economic consequences suffered by small businesses and their employees, the federal government and […]

Summary of Federal, State of Illinois and City of Chicago Grant and Loan Programs to Assist Small Businesses Affected by COVID-19

Mar 31, 2020

Summary of Federal, State of Illinois and City of Chicago Grant and Loan Programs to Assist Small Businesses Affected by COVID-19 Mar 31, 2020   Businesses around the world are facing significant adverse consequences due to government-mandated shutdowns and loss of business arising […]

DOL Updates Guidance on Families First Coronavirus Response Act

Mar 30, 2020

In the days since the Families First Coronavirus Response Act (FFCRA) was signed into law on March 18, 2020, employers and advocacy groups have raised a number of questions about how the law will be interpreted and enforced.  With surprising speed, the U.S. […]

President Signs COVID-19 Legislation That Will Impact Employers’ Leave Polices

Mar 19, 2020

The Families First Coronavirus Response Act, signed into law by President Trump on March 18, 2020, includes a number of provisions that will directly impact employers, in addition to public health measures. Here are the key provisions of the legislation that will impact […]

Fox Swibel Coronavirus Readiness

Mar 14, 2020

  We know many of our clients are being affected by the Coronavirus (COVID-19) and we have worked with many of you on issues that have arisen, especially with respect to questions regarding employment matters. I want to personally assure you that Fox […]

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