Posts

Garnishments on the Rise: What Small Business Owners Should Know About Garnishments in Virginia
February 15, 2021

Volatility throughout the small business community arising from the COVID-19 pandemic has led to an increase in debt collection efforts by creditors.  One frequently used collection remedy is referred to as garnishment. What is a Garnishment? Garnishment…

Three Important Things to Know About the Second Round of Paycheck Protection Program Loan Funding
January 05, 2021

At the end of 2020, the Consolidated Appropriations Act, 2021 was passed to provide additional COVID-19 financial relief to the small business and nonprofit community, including a second round of Paycheck Protection Program (PPP) funding (PPP…

UPDATE: REBUILD! VA GRANT FUND EXPANDED
November 16, 2020

The Rebuild VA Grant Fund is a program to help small businesses and nonprofits whose normal operations were disrupted by COVID-19, including restaurants, brick and mortar retail, exercise and fitness facilities, personal care and personal grooming…

EMERGENCY COVID-19 WORKPLACE REGULATIONS NOW IN EFFECT FOR VIRGINIA BUSINESSES
August 18, 2020

Last month, Virginia became the first state to approve binding regulations related to COVID-19 workplace safety. The regulations impose extensive requirements on Virginia businesses that have at least one employee (a term which itself is broadly…

REBUILD! VA GRANT FUND NOW AVAILABLE FOR VIRGINIA SMALL BIZ AND NONPROFITS
August 10, 2020

The Rebuild VA Grant Fund is a program to help small businesses and nonprofits whose normal operations have been disrupted by COVID-19, including restaurants, retail, exercise and fitness facilities, personal care and personal grooming services,…

Growing Use of Virus-Related Waiver Forms in the Small Business Community – But Are They Legally Enforceable in Virginia?
June 24, 2020

With lowering restrictions and more people venturing outside of their homes across Virginia, small business owners in the process of reopening are wondering how they can protect themselves from COVID-19-related liability risk. In many cases,…

RVA Small Business Relief Fund to Start Accepting Applications on May 13, 2020
May 07, 2020

Thumbs up to ChamberRVA for its RVA Small Business Relief Fund, a new program intended to provide unrestricted grants to qualifying businesses in the Richmond Region impacted by COVID-19. The Fund is made possible through a partnership between…

Three Things to Know about Business Interruption Insurance Amid the COVID-19 Pandemic
April 17, 2020

1. What is it? Business interruption insurance is insurance to cover losses when your business is unable to operate for specified reasons beyond your control. In the context of commercial real estate, it is not unusual for landlords to obligate…

COVID-19 Alert for Nonprofits
April 16, 2020

Question: If a Virginia nonprofit organization suspends its operations for a few months in response to the COVID-19 pandemic, is it required to notify the IRS? Answer: No. The IRS has no special reporting requirements for organizations that…

COVID-19 Alert: Can Nonprofits Offer Aid to For-Profit Businesses?
April 09, 2020

The short answer is “YES”, a nonprofit organization is allowed to provide financial aid and other assistance (e.g., meals, PPE) to groups and organizations that are NOT 501(c)(3) exempt organizations so long as the assistance is provided…