COVID-19 Resource Center & Task Force

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SmithAmundsen is committed to partnering with our clients through the legal and economic consequences of the COVID-19 pandemic. Our multi-disciplinary COVID-19 Task Force is developing timely alerts and webcasts to help you and your company through these challenging times. Information and links are grouped below by topic for your convenience. Please don’t hesitate to contact a member of our Task Force or the attorney with whom you usually work at our firm for assistance to guide you through this trying time.

CARES Act Summaries for Businesses

COVID-19: Main Street Loan Facility and Main Street Expanded Loan Facility – Side By Side Comparison

The Main Street Loan Facility and Main Street Expanded Loan Facility were developed for larger businesses that do not meet the size limitations of the Paycheck Protection Program (PPP). The two loan facilities are intended to facilitate lending to small and medium-size businesses by eligible lenders. Read more...

PAYCHECK PROTECTION PROGRAM – FINANCIAL ASSISTANCE THROUGH “FORGIVABLE” SBA LOANS

The CARES Act expands eligibility for small business loans made under section 7(a) of the Small Business Act by enacting a new Paycheck Protection Program (the “Program”). Program loans will be 100% guaranteed by the Federal government. The Program is in effect for the period of February 15, 2020 through June 30, 2020. Businesses and sole proprietors may apply now. Independent contractors and self-employed individuals may apply beginning on April 10, 2020. Read more...

Download our Paycheck Protection Cheat Sheet here.

THE CARES ACT IMPACT ON CORPORATE AND BUSINESS TAXES

The CARES Act has several key provisions that are meant to give corporations and business (including sole proprietorships, partnerships and S-corporations) credits, payment delays, loss carrybacks, and interest deductions to help businesses to generate cash flow and liquidity to keep business open and maintain payroll. Read more...

Download our CARES Act on Corporate and Business Taxes Cheat Sheet here.

THE CARES ACT IMPACT ON YOUR PERSONAL FINANCES AND RETIREMENT ACCOUNTS

You have probably been hearing in the news that the government is going to mail each taxpayer a check in the next few weeks. Those checks are actually being called “rebates” and not every taxpayer is eligible. However, the CARES Act does give benefits to almost every taxpayer through some important changes to withdrawals from retirement accounts, charitable deductions, and student loan payments. All of these changes are intended to help taxpayers weather this crisis. Read more...

Download our CARES Act Impact on Your Personal Finances and Retirement Accounts Cheat Sheet here.

THE CARES ACT – HIGHLIGHTS FOR HEALTH CARE PROVIDERS: TELEHEALTH, REGULATORY RELIEF, REIMBURSEMENT & PROGRAM SUPPORT

The CARES Act includes numerous provisions for health care providers intended to provide financial assistance, regulatory relief, technology development encouragement, and extensions of existing programs. Many of the provisions are explicitly directed at encouraging a greater use of telehealth services that will continue beyond this immediate emergency. Other provisions are focused on long-term trends favoring coordination and integration of primary care, mental health services, and substance use disorder programs. There are also a number of provisions focused on the short-term emergency, providing financial support and reimbursement for services as well as regulatory relief intended to relieve some of the heightened demand for acute care beds. The following outlines the key provisions of interest for a wide variety of health care providers. Read more...

Download our CARES Act Highlights for Health Care Providers Cheat Sheet here.

CREDIT AND HOUSING PROTECTIONS UNDER THE CARES ACT

In order to provide assistance and security to those adversely affected by the COVID-19 emergency, the CARES Act includes certain credit and housing related protections. Read more...

Download our Credit and Housing Protections under the CARES Act Cheat Sheet here.

FEDERAL NON-SBA LOANS AND LOAN GUARANTEES UNDER THE CARES ACT

Title IV or the CARES Act authorizes the Secretary of the Treasury (the “Secretary”) to provide up to an aggregate of $500 billion of liquidity to eligible businesses, states, and municipalities related to losses incurred as a result of coronavirus in the form of loans, loan guarantees and other investments. Read more...

Download our Federal non-SBA Loans and Loan Guarantees under the CARES Act Cheat Sheet here.

LOAN FORGIVENESS UNDER THE CARES ACT: THE WHAT & HOW

The CARES Act enacts a new loan program through the Small Business Act, the Paycheck Protection Program (the “Program”), to provide eligible borrowers with loans to help cover costs related to the COVID-19 emergency. Under the Program, borrowers are eligible for loan forgiveness up to the principal amount of the loan.  Read more...

Download our Loan Forgiveness Under the CARES Act Cheat Sheet here.

webcast recordings

business Continuity

Data Security & Breach

Bankruptcy

Tax

Families first coronavirus response act (FFCRA)

Labor Unions

Insurance coverage

Business Immigration

Impact on the ADA

'shelter in place' orders

Occupational health & safety

Workers' Compensation

Financial Institutions

CONSTRUCTION 

HEALTH CARE

Intellectual property

TRANSPORTATION

Cannabis

REAL ESTATE

OTHER RESOURCES

Having difficulty keeping up-to-date on all of the state executive-level actions taken during the COVID-19 pandemic?  In addition to reviewing the alerts published here in SmithAmundsen’s COVID-19 Task Force Resource Center, check out the Council of State Governments’ website, which has assembled a compilation of all state-level executive orders related to COVID-19. The site is accessible at:  http://web.csg.org/covid19/executive-orders, and allows users to search and view executive orders sorted by state or by subject matter. 

Presentations & Events