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Firm News
You will soon be able to file a Series LLC in Ohio. Should you?
In January 2022, Ohio will become the 15th state to adopt a Series LLC statute. This article will examine Ohio’s new law, the tax implications, and what we know about the Series LLC structure based on how it works in other states (Delaware started the trend in 1996)....
Title VII: Black Lives Matter Masks in the Workplace
Does a private sector employer violate Title VII when it forbids employees from wearing face masks that express a position on current events? Generally, no. This was recently reaffirmed by a federal court in Massachusetts, where employees sued Whole Foods Market,...
Ohio Employment Law Update: Employment Law Uniformity Act (HB 352)
The Act impacts both employers and employees alike by amending the procedure surrounding employment discrimination claims in Ohio as follows: The Act shortens the statute of limitations for employment discrimination claims from six years to two years. The Act...
What you need to know about PPP second draws
On Sunday evening, President Trump signed into law the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act. Of critical importance, Congress appropriated an additional $284 billion toward the Paycheck Protection Program and created the opportunity...
EEOC Issues Guidance for Employers Adopting a COVID-19 Vaccination Requirement
The Equal Employment Opportunity Commission (“EEOC”) updated the EEOC COVID-19 guidance with information on vaccinations on December 16, 2020. The guidance focuses on potential questions regarding vaccinations under the Americans with Disabilities Act (“ADA”), Title...
New SEC Rules Open Access to the Market for Private Securities
Effective today, the SEC will allow more middle-class individuals to participate in private securities offerings. The SEC’s new rule will consider some classes of prospective investors as “accredited” based on their experience and ability to assess an investment...
A Shield of Armor: Ohio Enacts COVID-19 Liability Protection for Businesses
In the wake of the COVID-19 pandemic, Ohio Governor, Mike DeWine, signed House Bill 606 (the “Bill”) into law. The main focus of the Bill is to provide businesses certain immunities from liability claims in connection with COVID-19, and to deter the number of lawsuits...
SBA grants reprieve to all borrowers with <$2MM in PPP loans
After 3 weeks of threats, the SBA has relaxed its position on borrowers who received PPP loans of less than $2 million, providing a complete safe-harbor for the “uncertainty/necessity” certification. Borrowers with larger loans can also breathe easier; they will have a chance to repay upon the SBA’s request, before facing liability. According to SBA FAQ #46, all companies that,…
Inspector brushes back SBA on 75/25 forgiveness rule
Friday afternoon, the SBA’s inspector general outlined areas of SBA’s PPP regulations that do not comport with Congress’ language in the CARES Act. In the crosshairs: the requirement that at least 75 percent of the forgiven sum be comprised of payroll costs. According to the IG, this rule would result in tens of thousands of borrowers paying back operational expenses…