03/24/2020
The legal landscape relating to the extraordinary measures taken in connection with COVID-19 is constantly changing. We will attempt to keep this page updated, but you should consult your attorney and tax advisor for the latest information. General: There are thousands, and perhaps millions of small businesses in your same situation. We expect there to… Read more »
03/24/2020
On a daily basis it is becoming more evident that businesses will be significantly affected by the Coronavirus (“COVID-19”). Businesses now have a growing number of resources and programs that can ease some of the financial burden. Below is a list of federal, state and lender-specific programs that may be available to your business. SBA… Read more »
03/17/2020
Moments of crisis can bring out the best in people, but unfortunately it can also bring out the worst. There are a number of cases where individuals have attempted to profit from the current Coronavirus pandemic through the sale of cleaning or disinfection products that turn out to be ineffective against this virus, or are… Read more »
03/12/2020
The international reaction to the COVID-19 virus (otherwise known as the “Coronavirus”) has been unprecedented, as nations around the globe rush to stem the spread of the disease. Aside from serious public health issues, the virus will likely have a staggering economic impact on business in the United States. Already, many companies that rely on… Read more »
03/02/2020
As the number of confirmed cases of the coronavirus (“COVID-19”) continues to increase in the United States, as well as around the world, businesses should (i) take steps now to minimize workplace exposure to all respiratory illnesses, including COVID-19; and (ii) create and be prepared to implement a plan to protect their workforce and ensure… Read more »
12/10/2019
Transition From A 3-Year Averaging Period To A 5-Year Averaging Period As reported in the Federal Register, the U.S. Small Business Administration (SBA or Agency) is modifying its method for calculating average annual receipts used to prescribe size standards for small businesses. Fed. Reg. Vol. 84, No. 234, Dec. 5, 2019. Specifically, in accordance with… Read more »
10/30/2019
The Virginia Department of Small Business and Supplier Diversity (DSBSD) administers the small, women-owned and minority-owned (SWaM) business program. The DSBSD SWaM Certification Division reviews initial and recertification applications. DSBSD certification eligibility determinations are based on existing circumstances at the time of application. The criteria are in the Commonwealth of Virginia Administration Code regulations: 7VAC13-20-40…. Read more »
07/25/2019
The U.S. Small Business Administration (SBA) is raising the size limit for engineering, construction, and other companies to be classified as “small.” The interim final will increase thresholds by about 8% from the current levels. The new standards will take effect on August 19, 2019. For construction firms in the various buildings construction and heavy… Read more »
06/04/2019
Contract terms addressing indemnity and requirements to hold another harmless or responsible for the defense of another are contract terms that appear in virtually all construction contracts. Despite their almost universal incorporation, they are frequently misunderstood! Everyday business decisions are made, and contracts incorporating these terms are signed, yet these terms are often misunderstood, not… Read more »
01/17/2019
One day, you receive a letter from a company or law firm accusing your business of patent infringement. The letter states that in order to avoid a costly lawsuit, you must pay the company a licensing fee. You ask yourself whether this is some type of scam and you consider simply throwing the letter away… Read more »
