The Small Business Administration (“SBA”) has begun accepting applications from eligible businesses under the Restaurant Revitalization Fund Program (“RRF”). The RRF was created under the American Rescue Plan Act to provide funding to keep eligible businesses open during the COVID-19 pandemic. Eligible businesses may receive funding up to $10 million for lost revenue, but no...Read More
Key Takeaway: The D.C. Government passes a law extending notice periods under business insurance policies until 90 days after the end of the COVID-19 public health emergency. On July 7, 2020, the District of Columbia Council unanimously passed a Resolution recognizing that the public health emergency caused by the COVID-19 pandemic is forcing D.C. businesses...Read More
Tayman Lane Chaverri LLP welcomes our colleague and co-counsel Ross Nabatoff’s input and expertise in criminal investigations. We are pleased to share Mr. Nabatoff’s insights with the Firm’s clients and friends: Congress enacted the Federal Payroll Protection Program (“PPP”) attempting to alleviate the economic disaster inflicted upon small businesses by the coronavirus pandemic. Pursuant to...Read More
The Federal Payroll Protection Program (PPP) has been a tremendous source of financial support for small and mid-sized businesses that have been hit hard by the economic consequences of the Covid-19 pandemic. In two lightning-fast funding rounds, the Small Business Administration (SBA) authorized banks and lenders to make almost $500 billion in forgivable loans. This...Read More
Non-compete agreements have long been a part of the employment terms of executives and senior employees. More recently, non-compete agreements have also become more and more typical for lower level employees as well. As these kinds of agreements have become more common, questions about their enforceability have grown in relevance. While determining the enforceability of...Read More
From paying business expenses out of personal funds, to credit card advances, to cutting a check from a personal account to cover payroll in advance of a progress payment, business owners, particularly owner-operators, often serve as the financing source of first recourse when there is a cash flow deficit. All other things being equal, an...Read More
