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  NEW LAW PROTECTION FOR PUBLIC EMPLOYEES IN PUBLIC HEALTH EMERGENCIES In recognition of the essential role of public employees during this pandemic, New York State has adopted new legislation requiring public employers to plan for similar emergencies in the future. The New York State Labor Law has been amended by adding a new section (27-c)…

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A BUSINESS LAW CASE STUDY A client worked long and hard to build an agency into a successful business that provided for him and his family. He was approached by a much larger agency that wanted to buy him out. One of our transactional attorneys helped negotiate the terms of the transaction and drafted the…

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TAX SAVINGS FOR CHARITIES Nonprofit organizations are facing extraordinarily challenging times as the Covid crisis continues. Tax savings for charities is important as nonprofits that are classified as 501(c)(3) organizations under the Internal Revenue Code (often referred to as “charities”) have the benefit of exemption from various federal and state taxes. Now is the time…

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COVID LOANS ARE AVAILABLE TO NONPROFITS THROUGH NEW YORK FORWARD LOAN FUND In response to the economic hardships caused by the COVID-19 pandemic, New York has created a loan program called the New York Forward Loan Fund (NYFLF) aimed at small businesses, small landlords, and nonprofits. NYFLF loans will not be forgiven. The loans must…

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CHILD DAY CARE PROGRAMS NOW ELIGIBLE FOR STATE ASSISTANCE Governor Cuomo announced that $65 million in federal CARES Act funding is available for child care providers throughout New York State. The goal is to provide incentives for closed day care centers to reopen, and for centers that are still open to increase their capacity. $20…

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OUTDOOR DRINKING IS BACK SUBJECT TO GUIDELINES The New York State Liquor Authority (SLA) has announced that effective June 4, 2020, outdoor, on-premises service of alcoholic beverages and/or food may resume in those regions that attain Phase 2 of the NY Forward reopening plan, subject to the following guidelines. The guidance remains in force through July 3….

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CONGRESS EXTENDS PAYCHECK PROTECTION PROGRAM   Both houses of Congress have approved a bill making several material modifications to the popular Paycheck Protection Program (“PPP”). The President is expected to sign the bill into law very shortly. The 8-week “covered period” during which PPP funds can be spent can now be extended, at the borrower’s…

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THE PANDEMIC AND YOUR FINANCES Many of us have been financially impacted by the Coronavirus pandemic. There has been a lack of income due to loss of jobs, company layoffs and non-essential businesses being closed.  Rent and mortgages are due, monthly bills are stacking up, spending has increased, and credit cards have been maxed out….

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PANDEMIC CHALLENGES FOR NONPROFITS Observers are predicting a challenging road ahead for many charitable nonprofits, especially those that rely on funding from state and local governments. Tax revenues are down and deficits are ballooning. It is widely expected that sooner or later, government funding of charitable nonprofits will be reduced or even eliminated. Private philanthropies…

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SMALL BUSINESS THREATENED It has always been a challenge for the small business person to develop and operate the business of their dreams.  Regulations, big box and on-line competition, demanding credit sources and long hours are the price entrepreneurs pay for independence. Now on top of those forces has come the Covid-19 plague and society’s…

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Jacobowitz and Gubits Counselors at Law