Earlier this year, the State of Illinois enacted new legislation requiring every Illinois employer to provide mandatory sexual harassment prevention training for all employees on an annual basis. While the COVID-19 pandemic has profoundly upended businesses and employers throughout the nation, the mandatory training obligations for Illinois employers have not changed.
Government officials are either lifting or planning to lift COVID-19 stay-at-home orders. To reduce the impact of COVID-19 outbreak conditions on businesses, workers, customers, and the public, all employers should plan now to prepare their workplace for COVID-19.
In the weeks since the enactment of the CARES Act and implementation of the Paycheck Protection Program – a forgivable loan program designed to assist small businesses to retain employees – many questions have been raised regarding the resulting tax consequences and implications to small businesses participating in the program.
Following the issuance of Governor Pritzker’s March 20, 2020, “Stay at Home” Executive Order (“Order”) [include link here to Order No. 2020-10], individuals and companies with real estate closings in the pipeline suddenly, and quite justifiably, panicked: “Does this mean we can’t close our deal?” For now, the answer is yes, you can still close your deal, with precautions, good planning and an abundance of patience.
President Trump signed the $484 Billion stimulus bill, adding additional relief for small businesses and healthcare. This stimulus package includes $310 Billion in additional funding for Paycheck Protection Program (“PPP”) loans. The funds are expected to be absorbed far more quickly than the 13 days of the initial PPP funding.
The COVID-19 pandemic has placed enormous strain on employers tasked with maintaining the viability of their businesses while also complying with their legal obligations to employees under the increasingly complex employment law framework.
The COVID-19 pandemic has placed enormous strain on employers tasked with maintaining the viability of their businesses while also complying with their legal obligations to employees under the increasingly complex employment law framework.
Earlier this week, we shared that the Small Business Administration (“SBA”) will begin accepting Paycheck Protection Program loan applications starting tomorrow, April 3…
Yesterday, the Small Business Administration (“SBA”) has made the application for the Payroll Protection Program (“PPP”) loan available.
Insurance Coverage Considerations in the Age of COVID-19
By now, it is beyond cliché to note that we are in uncharted waters. For our business owners and managers alike, we wanted to offer some guidance for insurance-related issues as you consider whether to pursue coverage for COVID-19 related claims.