For Businesses in the Commonwealth of Virginia: 5/14/2020: EXECUTIVE ORDER 62 – JURISDICTIONS TEMPORARILY DELAYED FROM ENTERING PHASE ONE IN EXECUTIVE ORDER 61 AND PERMITTED TO REMAIN IN PHASE ZERO Executive Order 61, issued on May 8, 2020, and effective at 12:00 a.m., May 15, 2020, eased certain restrictions imposed under Second Amended Executive Order […]
Covid-19 Article Resources
New Paycheck Protection Program Flexibility Act Sweeping Changes to Virginia’s Employment Laws on the Horizon SBA Again Updates Safe Harbor Guidance for PPP Loans COVID-19 and Commercial Leasing, Part I: Practical Advice for Landlords COVID-19 and Commercial Leasing, Part II: Practical Advice for Tenants COVID-19 and Commercial Leasing, Part III: New Requirements for DC Retail […]
NEW OMB GUIDANCE ENCOURAGING FOR GOVERNMENT CONTRACTORS
In an attempt to mitigate the unfolding COVID-19 public health emergency, state and local governments have started issuing “lockdown” or “stay-at-home” orders. Generally, the state lockdown orders have directed that all businesses utilize telecommuting or work-from-home procedures to the maximum extent practicable. Where telework is impractical, some states are only permitting essential businesses to remain […]
Is your work or business considered “essential”?
U.S. Department of Homeland Security Cybersecurity & Infrastructure Security Agency (CISA), the U.S. Department of Defense, and other agencies have issued guidance on industries and workers “essential” to critical infrastructure. They recommend these businesses remain open and prioritized for continuous operations. Industries include: medical and healthcare, telecommunications, information technology systems, defense, food and agriculture, transportation […]
Covid-19 Business Checklist
COVID-19 is creating unprecedented business disruptions around the globe, and it is important to take this situation seriously. Acting with urgency is crucial, but having a plan of attach will mitigate confusion down the road. We recommend focusing on two main points: 1. Health and Safety of Your Office and Your Team: Your health and […]
Covid-19 Resources
OFP Covid-19 Articles Other Helpful Links OFP’s COVID Response Team is ready to assist clients, businesses and individuals as the world adjusts to the disruptive effects of the COVID-19 pandemic. Our attorneys are prepared to help you find creative solutions that help you weather these unprecedented times. Response Team Lead Attorney: Bruce Blanchard Direct […]
IRS Extends Tax Payment Deadline
Businesses and individuals now will have until July 15 to file and pay their taxes. This means that you have an additional three months to plan and prepare your returns without having to incur penalties or interest on up to $1 million in tax owed. Businesses will have the same time period to pay amounts […]
COVID-19 & Gaining Control Over Your Business Finances
As the coronavirus shifts the way the world works, businesses should take this break in normal operating procedure to re-evaluate their finances. If your business is struggling, OFP recommends the following financial triage: Save as much cash as possible. There are many more options both prior to and after declaring bankruptcy when there is cash […]
Update for Employers – Families First Coronavirus Response Act Now Law
On March 18, 2020, the Families First Coronavirus Response Act was signed into law and will become effective not later than 15 days later, April 1, 2020(FN1). There are some differences between what was ultimately passed and what was summarized in our early article from March 16, 2020. In particular, the Act still provides two […]