Business

New Emergency Temporary Standard Will Apply to Employers in Virginia

07/15/2020Sterling, Michael L.

This article is the first in a three-part series discussing the New Emergency Temporary Standards for Employers in Virginia. Click here to read Part 2 and Part 3. Governor Northam’s executive order (EO 63), tasked the Virginia Safety and Health Codes Board (the Board) – which “promulgates and adopts job safety and health standards, [that]… Read more »

The Short Guide to Short-Term Rentals: Richmond, VA Edition

07/14/2020O'Dea, T. Duggan

Every day, short-term rentals play host to international visitors around the world. Whether for business or pleasure, short-stay accommodation websites like AirBnB.com, HomeAway.com, Tripping.com, and more have replaced traditional motel and hotel stays for many travelers of all ages. Naturally, because this type of lodging is coordinated by individuals and can generate substantial income, state… Read more »

When to Apply for Forgiveness of a PPP Loan

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06/24/2020King, Ray W.

This Article is based on information available as of June 22, 2020.  The information is subject to change as additional guidance is provided. NOTE—This article updates the information in the following Articles previously published: Paycheck Protection Program Under the Coronavirus Aid, Relief and Economic Security Act, March 31, 2020 SBA Issues Interim Final Rule for… Read more »

Amendments to CARES Act – Paycheck Protection Program Flexibility Act

06/08/2020King, Ray W.

This Article is based on information available as of June 11, 2020.  The information is subject to change as additional guidance is provided. NOTE—The Paycheck Protection Program Flexibility Act of 2020 amends the CARES Act, and this Article updates the information in the following Articles previously published: Paycheck Protection Program Under the Coronavirus Aid, Relief… Read more »

Additional PPP Loan Forgiveness Guidelines

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06/02/2020King, Ray W.

NOTE—The Paycheck Protection Program Flexibility Act of 2020 amends the CARES Act and this article updates the information below>> click here to read more.  This Article is based on information available as of May 22, 2020.  The information is subject to change as additional guidance is provided.   The SBA has published the PPP Loan… Read more »

Additional guidance from the SBA on “available liquidity” element of certifications for PPP Loans – Safe Harbor extended to May 18, 2020.

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05/15/2020King, Ray W.

Since the passage of the CARES Act and the SBA completing the first round of PP Loans, companies have been dealing with an ever changing set of guidelines interpreting the eligibility requirements for a PPP Loan and the eventual forgiveness of the Loan.  Unfortunately, no clear guidance is yet available. On April 23, 2020, the… Read more »

Be Aware of HUBZone Employee Residency Requirements

05/08/2020Salmon, Daniel

On December 26, 2019, new rules promulgated by the U.S. Small Business Association (“SBA”) went into effect to expand access to the Historically Underutilized Business Zone (HUBZone) program and assist the U.S. Government in meeting its goal of awarding 3% of its contracts to certified HUBZone small businesses. HUBZones are economically distressed rural areas which… Read more »

Plan Now for Reopening Your Business

05/01/2020Bibeau, Anne G.

Governor Northam announced on May 4 that provisions of E.O. 53 that were to expire on May 7 have been extended to May 14. Beginning May 15, certain non-essential businesses that had been closed by E.O. 53 will be permitted to reopen under strict social distancing and disinfecting rules. E.O. 55, which is the stay-at-home… Read more »