The Coronavirus (COV-19) has had a negative impact on everyone physically, mentally, and financially. Businesses are no different. Small and medium sized businesses are especially vulnerable in these troubled times. They are faced with difficult decisions such as whether to temporarily lay off their employees or which bills to pay…
Articles Posted in Business Law
Bankruptcy Considerations During the Coronavirus (COV-19) Part 2: Chapter 13 Bankruptcy.
As a result of the Coronavirus (COV-19), the unemployment rate has increased rapidly and reports suggest that the unemployment rate may reach 30% in the country. This immediate loss of income for many individuals and families have left them unable to meet their continuing financial obligations such as paying for…
Bankruptcy Considerations During the Coronavirus (COV-19) Part 3: Chapter 7 Bankruptcy
The need to file bankruptcy can come quickly and abruptly due to a serious life event such as a serious medical diagnosis that results in large medical bills or being terminated or laid off from a job that results in a loss of income. Many individuals have experienced this as…
New Jersey Provides Coronavirus Relief to Small Businesses
The Federal and State Government has set up avenues of relief to assist businesses in these hard times in the form of loans and grants. Below is rundown of the New Jersey Economic Development Authority (NJEDA) Small Business Emergency Assistance Grant Program, through which New Jersey is offering Coronavirus relief…
McLaughlin & Nardi, LLC is Helping Small Businesses, Independent Contractors and Sole Proprietorships Obtain Financing Under the Federal Small Business Paycheck Protection Program
In this time of economic uncertainty due to the coronavirus and the social distancing required to slow it, our attorneys and staff are helping New Jersey businesses seek financing under the new Federal Small Business Paycheck Protection Program. The basic elements of the program are below. Call us to obtain…
Federal Coronavirus Stimulus Act Provides Benefits for Struggling Businesses
As a result of the coronavirus (“COVID19”), the federal government has taken significant action to provide relief to individuals and business struggling with economic hardships as a result of lost business during widespread closures and stay-at-home orders. The first major legislation passed by the federal government was the Families First…
Six Steps for Filing for Unemployment Insurance Benefits in New Jersey
In the time of the Coronavirus (COVID19), many people are concerned about the likelihood of needing to file for unemployment benefits in New Jersey in the near future. Certainly, many people will be in need of New Jersey State assistance in 2020 and beyond as a result of the coronavirus…
Summary of New Jersey Governor Murphy’s New Order Concerning Restrictions on Businesses and People
The Order On Saturday, March 21, 2020, Governor Murphy signed Executive Order Number 107, which further tightened restrictions on people and businesses in response to the Coronavirus/COVID-19 pandemic. This Executive Order superseded all previous Executive Orders on Coronavirus responses. For businesses, one thing to realize is that the only…
McLaughlin & Nardi, LLC is Open and Ready to Help New Jersey Businesses During the Coronavirus Pandemic
Coronavirus be damned, McLaughlin & Nardi is open to help the people and businesses we served for years get through this crisis, and we’ll work with new ones too. This too shall pass, but in the meantime we are here to help you. Governor Murphy has indicated that he…
New Drug and Alcohol Reporting Requirements for Transportation Companies in 2020
In 2016, the U.S. Department of Transportation’s Federal Motor Carrier Safety Administration (“FMCSA”) announced a new rule establishing a database for information regarding violations of drug and alcohol testing regulations by commercial motor vehicle drivers. While the rule went into effect in 2017, the requirement for FMCSA-regulated employers to begin…