Update: Recently, Treasury Secretary Steve Mnuchin announced that all businesses receiving Paycheck Protection Plan (“PPP) loans of greater than $2 million will be subject to a “full review of that loan before there is loan forgiveness.” This review was further described as a “full audit,” though it is not clear what this audit will entail. However, the Treasury Secretary stated his opinion that the certification “was very clear that if people had other sources of liquidity

Leveraging The Lockdown - OlenderFeldman Presents In case you missed Part One of this two part series on how your business should be taking advantage of the pause in business operations, here is a video of the event: https://lnkd.in/e7XyYgp Part Two is scheduled for May 14th, 12:00 pm. We hope you will join us then. Click here to Register

Topic of this alert: Preparing your office for re-opening. Just as those business which were fully prepared to quickly make the jump to remote-offices and/or a socially-distanced workplace were able to transition more easily and typically more successfully, the same is true for the transition back to the office and the business world. This article briefly examines some of the steps you should be taking now, so that when the government allows you to go back to work, you are

Effective May 7, 2020, the FDA banned 65 respirator (N95-type masks) manufacturers in China from its approved list of manufacturers. Only 14 manufacturers remain. Suppliers of respirators, such as N95 masks for use in hospitals and Emergency Use Authorization (EAU), should be aware of the updated “Appendix A” which you can find here. The new list was adjusted to address significant shortfalls in the safety and health standards used by other manufacturers previously included o

Part One – Negotiated Solutions to the Commercial Landlord/Tenant Relationship This is the first in a series of alerts that will provide guidance on various topics related to the business considerations and the rapid evolution of the Commercial Real Estate Market as a result of COVID-19 Modifying the Relationship Managing the landlord/tenant relationship during the time of COVID-19 and the resulting economic downturn will require careful strategic planning and increased dial

That is the pivotal question confronting many business owners who have received PPP loans and are grappling with recent guidance from the Small Business Association (SBA) regarding loan necessity. While the SBA issued further clarification on the loan necessity certification that should bring comfort to many borrowers, business owners should still carefully review their certifications, including the necessity certification, to ensure compliance with the law. To take advanta

As states begin to relax their business restrictions in anticipation of an eventual resumption of normal operations, employers must make critical decisions now as to the focus of the enterprise as well as the reintegration of its employees in a post COVID world. Indeed, the former consideration may require wholesale restructuring of the business, as its “virtual footprint” becomes the principal means of generating revenue and managing the workforce. Returning employees to wo

Using Human Temperature Sensing Technology To Keep Customers and Employees Safe in the COVID-19 EraBy: Partners in Regulatory Compliance As stay at home orders are lifted and businesses begin to reopen, companies of all sizes should take precautions to protect their customers and employees. Failure to take appropriate precautions could result in potential legal liability and, on a more broad scale, could contribute to a second wave of the pandemic and the resulting further so

Paycheck Protection Program Flexibility Act of 2020 On June 5, 2020, President Trump signed into law the Paycheck Protection Program Flexibility Act (“Flexibility Act”) which has changed certain aspects of the Paycheck Protection Program (“PPP”). The following is a summary: Extended “Covered Period” The Flexibility Act extends the “covered period” of the loan for forgiveness purposes from the current 8-week period to the earlier of 24 weeks from the date of PPP loan originat