On Friday, March 27, the President signed into law the Coronavirus Aid, Relief and Economic Security (CARES) Act. The components of the Act that help businesses are a part of a multi-faceted stimulus bill to assist businesses and individuals with the economic challenged caused by the Coronavirus. An excellent overview of the Act has been
Iowa Sets Up Covid-19 Targeted Small Business Sole Operator Fund
The State of Iowa has now created a fund to help Targeted Small Businesses with no employees that have been impacted by the Covid-19 pandemic. The program offers eligible small businesses grants ranging from $5,000-$10,000 to businesses that are single owners with no employees that are also TSB certified, or have an application submitted to
Iowa to Offer Small Businesses Up to $25,000 in Grants for Assistance
Small businesses in Iowa can apply for grants up to $25,000 to assist during the coronavirus pandemic. The money comes from approximately $4 million in disaster money before the legislature postponed its session earlier this month and monies already available through the Iowa Department of Economic Development.
Eligible businesses include those with between 2 and
Iowa Governor Announces Unemployment Insurance Tax Extension to Assist Small Businesses
Iowa Governor Reynolds announced that first quarter unemployment tax payments that are due April 30th will be delayed till the end of the 2nd quarter, July 31, 2020. Eligible employers include those employers with 50 or fewer employees. Eligible employers also must be in good standing with no delinquencies in quarterly payments.
To qualify for
SBA Issues Economic Injury Disaster Loan Declaration for Iowa
Governor Reynolds announced on Saturday, March 21st that the U.S. Small Business Administration (SBA) has issued a disaster declaration for the state of Iowa as of January 31, 2020 and continuing. The declaration allows pandemic-impacted small businesses to apply for low-interest support loans. The declaration comes after Iowa Governor Kim Reynolds submitted a federal funding
Brick Gentry Statement in Response to Covid-19: We are here for you during these challenging times
The Brick Gentry Law Firm is here for you during these challenging times. We have temporarily moved to a virtual, technology-driven, remote work day for many of our attorneys and employees. Working with our IT team we have assured the security of our network and information exchange. We have also asked everyone to temporarily stop
Iowa Governor Reynolds Issues a State of Public Health Disaster Emergency
Iowa Governor Kim Reynolds has issued a State of Public Health Disaster Emergency. Lots of people have inquired whether the Governor has the power to close certain businesses and other events. This announcement does a good job of outlining the various code sections under which the Governor is supporting her decisions. Some of the highlights:
Update from Iowa Secretary of State Regarding Filings Due to Coronavirus
The Iowa Secretary of State sent out a Tweet on March 18, 2020 concerning filings and the closing of its office lobby until March 27, 2020. Fastrack filing procedures are still in process so corporate filings may still be conducted. As I have indicated, I have access to Fastrack filing access so I am able
Coronavirus Legal Daily
If you are looking for legal information involving a wide-range of issues relating to the Coronavirus pandemic, I encourage you to check out Coronavirus Legal Daily which is a Channel on the LexBlog Network. There are lawyers blogging on many topics from employment law to real estate lease agreements to insurance coverage issues and more.
The Fourth Ingredient for Investing in a Franchise: Does Franchise have a Sufficiently Long Operating History?
This post continues in a series of posts I am writing on franchise investing. The series of posts initiated with an article I read outlining what private equity investors like about franchising. Today, I want to touch on the fourth “ingredient” of the Secret Sauce which is whether the franchise has sufficiently long operating