Update: Guidance on Executive Order 202.6

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March 27, 2020 – New York State has updated guidance regarding essential businesses or entities which are exempt from the 100% Work From Home Rule. Most notably, there are changes to the Construction section of the guidance which establish new guidelines for essential vs. non-essential construction, safety measures which must be taken and exemptions for […]

BANKRUPTCY RELIEF FOR SMALL BUSINESS OWNERS

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March 27, 2020 – The “Coronavirus Aid, Relief, and Economic Security Act” amends the Small Business Reorganizations Act of 2019 to help small business owners restructure their debts when they cannot “work it out” outside of a bankruptcy filing. Key takeaways of the SBRA, as amended, are: Debt Limit Increased to $7,500,000:  The eligibility threshold has […]