Navigating Insurance Land Mines That Can Blow Up Business Interruption Coverage for Covid-19 Damage

By Nicole Rekant and Stevan Pardo Most businesses suffering business interruption as a result of the global coronavirus pandemic are scouring their insurance policies for a way to collect. The general purpose of business interruption insurance is to compensate for losses in income caused by a damaging event. Typically, business interruption insurance is not its own separate policy, but is …

New Main Street Loan May Be Best Option for COVID-19 Financial Relief

By Linsey Lovell and Stevan Pardo On March 27, 2020 President Donald Trump signed the Coronavirus Aid, Relief, and Economic Security Act  (CARES Act), which authorized more than $2 trillion in stimulus, largely directed at small businesses and middle- and lower-income Americans. For businesses feeling the adverse effects of COVID-19, the CARES Act was a welcome sign of relief.  The …

COVID-19: Government Relief for Businesses

By Linda Worton Jackson Author’s note: Recently, I collaborated with Overproof to present a webinar about how businesses in the hospitality and beverage alcohol industry could better prepare for the legal and economic impacts of COVID-19. The information below was included in that webinar, as well as additional insights. You can view a recorded version of the presentation here. While …

Tips for Businesses to Navigate COVID-19 Employee Challenges

By Linda Worton Jackson Author’s note: I recently collaborated with Overproof to present a webinar about how businesses in the hospitality and beverage alcohol industry could better prepare for the legal and economic impacts of COVID-19. The information below was included in that webinar as well as additional insights. You can view a recorded version of the presentation here. COVID-19 …

Restaurants, Hotels and Bars: Steps to Survive the COVID Epidemic

The restaurant and hospitality industry are among the hardest hit by the COVID-19 epidemic. Self-distancing is keeping people home and away from bars, restaurants and hotels. Across the nation, restaurants and bars are expected to lose some $225 billion over the next three months, while hotels are losing an estimated $1.4 billion in room revenue per week, with that number …

Notice – Changes to the Florida Business Corporation Act

By: Linda Worton Jackson and Linsey Lovell During the 2019 Legislative session Florida lawmakers adopted major revisions to the Florida Business Corporation Act (FBCA) for the first time in 30 years. They were signed into law by Gov. Ron Desantis and took effect on Jan. 1, 2020. The intended purpose of the revisions was to make the FBCA line up …

opportunity zones

Opportunity Zones: Are You Ready to Invest?

In April 2019, the U.S. Department of the Treasury issued its second set of proposed regulations related to the new Opportunity Zones tax incentive. The tax benefit was created in 2017 to encourage long-term investments in economically distressed communities around the country. There are two ways to invest in an Opportunity Zone: Create your own fund or invest in an existing one.