The link is here. Please share it with colleagues and friends.
For more information or representation, contact Rebecca Heimlich at 513.797.2856.
We are proud to announce that experienced real estate attorney Bruce G. Hopkins today joined the transactional group at Finney Law Firm. Bruce and Chris Finney practiced law together in the real estate group at Frost & Jacobs (now Frost, Brown Todd) at the beginning of their careers, so this is a long-delayed reunion of careers.
His practice is focused on retail and mixed-use projects, including development, leasing, resolution and litigation of disputes with tenants, purchases and sales, due diligence, management and operations matters. He frequently works on investment-grade properties located across the United States.
Prior to becoming a lawyer, Bruce worked for almost a decade in the real estate industry doing commercial real estate appraisal work, commercial real estate lending and development for a major life insurance company, and commercial real estate development and management for a private developer.
Read more about Bruce here and let us know how Bruce can help your real estate project.
President Trump signed into law at the very end of 2020 another COVID-19 stimulus bill. Much of the writing about it has focused on the $600 direct payments to to individuals whose income falls below a certain thresholds. but this bill also contains important subsidies and changes for small businesses, including a new and significant second round of direct payments to small businesses payments under the Paycheck Protection Program (loans later forgiven).
Finney Law Firm attorney Rebecca Heimlich will follow up on her blockbuster Spring performances on the initial PPP with information on the new stimulus programs, and be joined by Seth Morgan of the MLA Companies, a financial service and advisory group on Wednesday, January 13th from 6:00 to 7:15 PM via live webinar.
The Cincinnati Area Board of Realtors is also co-hosting the webinar.
Webinar topics include:
Click here to register.
For assistance with the PPP or more information, contact Rebecca Heimlich (513-797-2856). Also contact her if there is anything more we can do to help your small business.
We have been looking for details of the calculations of and eligibility for the second round of PPP in the most recent COVID stimulus bill. We found this excellent in article in Entrepreneur.Com here.
Some details from the article follow (note, since the PPP “loans” are forgivable, the word “loan” essentially means “grant” for most eligible businesses):
For additional details on second round PPP loans, contact attorney Rebecca Heimlich (513.797.2856) of Finney Law Firm.
Tonight, a second historic COVID relief bill passed both Houses of Congress and awaits signature by President Trump.
The bill provides significant supplemental relief for small business in addition to direct payments to individuals. Here are some highlights of the bill’s business provisions:
The bill is 5,593 pages in length, meaning there remains a lot of dissection of its intricacies. Attorney Rebecca Heimlich of the Finney Law Firm will be leading another EmpowerU webinar in early January covering how businesses and individuals can fully take advantage of the deductions and subsidies the bill provides. We will announce that webinar shortly.
More on the bill is detailed here in today’s Wall Street Journal.
Advancing our objective of “Making a Difference” for our clients, Finney Law Firm has made a point of briefing the various COVID relief and legal developments for our clients throughout 2020, and that will continue on this blog into 2021. Stay tuned for updates.
The State of Ohio has added two programs to further assist small businesses with the unprecedented business interruption associated with the COVID-19 pandemic crisis, (a) $125 million in Small Business Relief Grants and (b) $1.5 billion in refunds to small businesses from the Workers Compensation program. Details on both programs are below
The Small Business Relief Grant (“SBRG”) is designed to provide necessary relief to Ohio businesses that have been negatively impacted by the effects of COVID-19. The State has designated up to one hundred twenty-five million dollars ($125,000,000) of funding received by the State of Ohio from the Federal CARES Act to provide $10,000 grants to small businesses to assist in ensuring the survival and stability of these crucial businesses.
Some of the terms are:
There are also restrictions that may nullify your ability to obtain a grant. Contact Jane Schulte at Finney Law Firm for more information on how we can assist you in navigating the application process.
As the New York Times reports here, the 10-day pause in SBA funding for Paycheck Protection Program (“PPP”) applications enabled lenders to get in order and carefully complete their paperwork for tens if not hundreds of thousands of new applicants, but when the portal finally opened up today at 10:30 AM, it was overwhelmed, causing the server to crash. This allowed only a trickle of applications to be successfully processed on the first day of Round II of PPP funding.
As the article says, “bankers were expecting the money to once again run out quickly,” meaning knowledgeable market participants predict that there will be winners and losers among the contestants for a still-limited supply of federal monies. Those who get processed quickly will get full funding; those that do not may get nothing. Clearly, Congress will need to approve a third and perhaps fourth round of funding for the program to fund all eligible small businesses.
Contact Rebecca Simpson Heimlich (513.797.2856) for help accessing PPP funds or assuring your path to their forgiveness.
We thank Empower U for hosting a Zoom.Us webinar on the Small Business Administration’s new Paycheck Protection Plan (“PPP”) and Emergency Income Disaster Loans (“EIDL”) designed to help small businesses sustain through the unprecedented economic interruption brought on by the COVID-19 pandemic crisis. The session was held on April 2, 2020 entirely virtual to remain safe.
The webinar video link is here. Please feel free to share it with others.
The attorneys on this presentation and their contact information are;
Finney Law Firm is offering individualized assistance in navigating regulations and procedures surrounding PPP and EIDL applications. For professional assistance, contact Rebecca Simpson Heimlich. If you or your business is encountering employment-related issues arising from the COVID-19 crisis, contact Stephen E. Imm.
If you liked this free video, please consider donating to EmpowerUOhio.Org to encourage this free programming. Empower U has given more than 400 free adult education programs over the past decade, including valuable programming of this type.
There is a powerful feeling that the community is pulling together, rooting for one another, and digging deep to help each other, and we hope this information is helpful towards that end.
Also, we will continue to update the Finney Law Form blog to provide individuals and small businesses information on the programs that are available to help them through this crisis.
If you want to be added to the Finney Law Firm email updates, click here.
In response to the COVID-19 pandemic crisis gripping the nation, today Ohio Governor Mike DeWine issued an executive order addressing commercial leases and commercial mortgages in Ohio. However, from our perspective, the Order is not intended to have any binding effect, and he would have no authority under Ohio law to issue such a binding order if he so desired.
Here are the components of the order, each of which he labels as a “request,” not an Order at all:
As with our prior blog on the stay-at-home Order, the Order does not seem to have any direct legal effect, but rather is designed to encourage restraint and cooperation in this difficult time all of the world is encountering.
A copy of the Order is linked here.
Join Empower U tonight from the comfort and safety of your home via your laptop, tablet or cell phone for a webinar on powerful tools for small business from the federal government in the CARES Act passed last Friday.
>>> The link to sign up for the free seminar is here. <<<
Joining us tonight are:
We have a record audience for Empower U signed up for tonight. Please join us for this important program.