On May 18, 2020 (the “Effective Date”), Governor Murphy’s Executive Order #142 (the “Order”) permits, inter alia, the resumption of non-essential construction, curbside pickup at non-essential retail businesses and gatherings in cars.
SBA Provides Certainty for Good Faith Necessity Certification for PPP Loans Under $2 Million
When submitting a Paycheck Protection Program (PPP) loan application, all borrowers were required to certify in good faith that “[c]urrent economic uncertainty makes this loan request necessary to support the ongoing operations of the Applicant.”
A Look at Alternative Lenders for Business Capital During the COVID-19 Crisis
By Nicholas B. Jalowski, Managing Director, CTP, CMC
Cambridge Financial Services, LLC
In today’s economic cessation, many companies are experiencing difficulties in getting their banks to help fund them through the COVID-19 crisis and beyond. Commercial banks are regulated institutions and are characteristically risk adverse. They are entrusted with public money and structured to avoid losses on their loans.
Executive Order #128: Governor Murphy Allows Residential Tenants to Apply Their Security Deposits Toward Rent Obligations
On April 24, 2020 (the “Effective Date”), Governor Murphy signed Executive Order #128 (the “Order”) which allows residential tenants to apply their security deposits toward rent obligations.
COVID-19: Sole Business Owners: What Happens if I Become Symptomatic and Cannot Run My Business?
by Norman D. Kallen, Esquire and Kristina R. Brown, Esquire
In light of the severity of the symptoms and presentation of the COVID-19 virus in individuals, we have received many inquiries about what a sole business owner should do to maintain business continuity in the event the owner becomes ill or otherwise disabled as a result of COVID-19, and, more broadly, under any other circumstances.
Protect Yourself from COVID-19 Related Frauds
by Megan Kelly, Manager, Sobel & Co, LLC
The novel coronavirus has presented incredible challenges for humans across the globe, both on a health and well-being level and an economic level. Unfortunately, scammers kick into high gear during times of crisis, preying on people in fear in order to steal money during a time when millions of Americans are already in a financial crisis.
Fournier Trucking Shows That Hiring Contractors May Be Exposed to Workers Compensation Liability and/or the Cost of Such Coverage Even For Independent Contractors
By Steven R. Rowland, Esq. [1]
Companies that rely on independent contractors in New Jersey — whether they are motor carriers, general contractors or anyone else that uses independent contractors to do their work — need to understand the legal responsibilities they potentially may have with respect to those contractors.
The Calm Before The Storm
By Daniel M. Stolz, Esq.
The COVID-19 pandemic has caused an unprecedented interruption of the U.S. economy and economies all over the world. Unemployment rates are skyrocketing, and all but businesses deemed “essential” have been forced to close. Recently, Governor Murphy ordered nearly all construction activities in the State shut down.
New Jersey Division of Consumer Affairs Issues Guidance For Telehealth Professionals During the COVID-19 Crisis
By Richard A. West
In response to the COVID-19 crisis, New Jersey Governor Philip D. Murphy has issued several executive orders to enable medical professionals to administer vital health care services to state residents while complying with the social distancing measures essential for limiting the spread of the novel coronavirus within the state.
New Jersey Announces Process For Recently Retired Healthcare Professionals to Return to Service During COVID-19 Crisis
By Richard A. West
On April 3, New Jersey Attorney General Gurbir S. Grewal announced that the State Division of Consumer Affairs has created a streamlined process to permit retired New Jersey healthcare professionals to reactivate their licenses in order to participate in the state’s response to the COVID-19 pandemic. The action comes as the state seeks to expand its healthcare capacity in response to emergency demand.