I recently filmed a Trade Secrets Update on-demand seminar with ICLE contributors Paul Mersino and Bernie Fuhs (available soon in the ICLE Partnership), and one of the things we discussed was the recent wave of employee resignations spurred by COVID-19 . Paul and Bernie pointed out that...
On March 30, 2020, the Department of Insurance and Financial Services (DIFS) issued two bulletins interpreting Governor Whitmer’s “Stay Home, Stay Safe” Executive Order 2020-21. Executive Order 2020-21 states that some workers in the financial services sector are considered critical...
Over the past week, I have received many calls from business owners asking if they may recover business income losses because they have been forced to temporarily suspend or limit their business operations due to COVID-19. The answer is simple: it depends. It depends on the language in their...
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) includes many provisions affecting taxes. Individual-Related Provisions Rebates Individual taxpayers will receive up to $1,200, for filing statuses of single or head of household, or $2,400 for married filing jointly,...
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) allocates $349,000,000 to emergency loans and grants from the Small Business Administration (SBA). It includes several new loan provisions: Paycheck protection program Available to businesses, nonprofits, and sole...
As Michigan deals with Governor Gretchen Whitmer’s recent order for nonessential workers to Stay Home, Stay Safe , it is no surprise that small businesses are worried about the impact on their future. For attorneys who represent small businesses or attorneys who own small businesses, there is...