The Paycheck Protection Program (PPP), which was established by the federal government under the CARES Act earlier this year, has benefited some 700,000 businesses feeling the economic pressures resulting from the COVID-19 pandemic. As M&A activity starts to pick up, buyers and sellers need to be aware of new guidance from the Small Business Administration […]
Odin Feldman Pittleman PC Welcomes New Associate Attorneys
Odin Feldman Pittleman PC recently welcomed Associate Attorneys Nicole Desbois and John Loveland to the firm. Nicole Desbois is a litigation associate dedicated to identifying the core issues of a legal dispute and working with her clients to develop creative legal solutions. Prior to joining the firm, Nicole served as a law clerk to the […]
OFP Managing Shareholder Named to Inaugural Virginia 500 — The 2020 Power List
Odin Feldman Pittleman congratulates Managing Shareholder F. Douglas Ross on his inclusion in the inaugural Virginia 500 — The 2020 Power List. Over a year ago, Virginia Business magazine imagined a list that would honor “the state’s most powerful and influential leaders by sector.” The publication conducted research for approximately eight months to cull the resulting […]
SBA, Treasury Issue New PPP Guidance on Loan Forgiveness
Last week, the Small Business Administration (SBA), in concert with the Department of Treasury, published new FAQs to address four key aspects regarding forgiveness of Paycheck Protection Program (PPP) loans. The 10-page FAQs, published on Aug. 4, are designed to help borrowers calculate how much of their loan is forgivable and clarify the calculations and […]
Healthcare Providers Must Comply with Virginia’s New Workplace Safety Standards
In response to the coronavirus pandemic, Virginia’s Safety and Health Codes Board has adopted emergency temporary standards governing occupational health and safety (“Standards”) that will affect Virginia’s healthcare providers. The new Standards, which go into effect this week and will remain in effect for at least six months, are now available on the Department of […]
Virginia is the First State to Implement Workplace Safety Requirements Related to COVID-19
All Virginia employers should be aware that the state’s Safety and Health Codes Board has adopted emergency temporary standards for occupational health and safety requirements in response to the coronavirus pandemic. The standards are now available on the Department of Labor and Industry website. The Standards will be published the week of July 27, 2020, […]
Senate Approves Last-Minute Extension to Apply for PPP Funds
In a surprise move, the U.S. Senate last evening voted to extend the deadline to apply for a loan under the Paycheck Protection Program (PPP) to Aug. 8. The move came hours before the deadline for applying for a PPP loan was set to expire even though more than $100 million remain in the federal […]
New Virginia Contractor Misclassification Law
Spring brought significant changes to Virginia’s employment law landscape. Virginia Governor Ralph Northam recently signed a series of new employee-centric laws, including the ones intended to fight against worker misclassification. Summary of new laws relating to misclassification Effective July 1, 2020, House Bill 984 enacts a new statute, Va. Code § 40.1-28.7:7, which creates a […]
SBA, Treasury Streamline Loan Forgiveness Application and Update Guidance
Last week, the Small Business Administration (SBA) and Department of Treasury streamlined the path to applying for loan forgiveness under the Paycheck Protection Program (PPP), the lifeline extended to small businesses suffering financial pressures resulting from the COVID-19 pandemic. A revised loan forgiveness application and a new EZ version of the form are designed to […]