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What Are The Options To Laying Off Employees During COVID?

There are resources available. The key is knowing where to look. As a business owner, you may have heard about the Paycheck Protection Program (PPP) loans, which are low-interest loans awarded by the Small Business Administration (SBA) to help cover payroll and some other operational costs. Assuming the loan proceeds are spent properly and other […]

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Tax deadlines and COVID-19: Why delaying payments isn’t always a great idea

As we enter the sixth month of COVID-19 restrictions and lockdowns, a few things have become pretty clear: the economy is struggling, and so are taxpayers. Realizing that people — and, especially, small business owners — would need to stretch their money and make it last for some undetermined length of time, legislators across the […]

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Why Can’t I Just Terminate My Lease?

Wanting out of your commercial lease does not mean you can get out. Needing to terminate a commercial lease comes up often, and especially now with the current situation in the world. The bottom line is, commercial leases are governed primarily and solely by the lease itself, unlike residential tenants who enjoy certain protections under […]

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L4SB Weighs in on NM Businesses Re-Opening During COVID-19

Larry Donahue shares best practices for businesses. ESPN Radio- http://www.1017theteam.com/ invited Larry Donahue back on on their program, Team Up New Mexico, to discuss the current business environment in New Mexico. Now that businesses have been given the “OK” for a gradual re-opening, business owners should consider best practices and learn about their options. You […]

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Now More Than Ever: The Importance of Protecting Your Business from Email Based Phishing Attacks

Since its advent in 1971, email quickly became a staple of communication and collaboration in both business and personal settings. In fact, there are over 4.04 billion email users worldwide in 2020 so far! That is about 56% of the world’s population using email, and it’s easy to see why it has become so popular. […]

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Why a Pandemic Might Just be the Perfect Time to Start a Company (probably an LLC!)

The U.S. unemployment rate is at its highest rate since the Great Depression with roughly 36 million Americans now without work Even people who are still employed face increased worries about the future of their employment and are looking for new, creative ways to create an income for long-term financial stability during these uncertain times. […]

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Tips for Casual Dining & Formal Restaurants: How to Reopen During COVID-19 and Generate Revenue

Many people are eager to be able to return to dining out at their favorite restaurants once the restrictions brought about by the current COVID-19 pandemic are lifted. According to the Governor’s latest predictions, restaurants should be able to reopen sometime in early June with limited occupancy and other restrictions and requirements. While such requirements […]

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COVID-19: Does Your Business Need a Waiver or Release for Customers and/or Employees?

Last Updated: No update. New article. The short answer is … it’s doubtful a waiver or release will protect your business from liability, unless you’re creating/following guidelines, enforcing guidelines, documenting incidents, and maintaining an incident log to prove you were following and enforcing guidelines. The longer answer is … We’re getting this question a lot, […]

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A Tax Lawyer Weighs In On COVID-19 Stimulus Payment and More

The CARES Act/COVID-19 mean there are new considerations when it comes to taxes this year… Are the $1,200 stimulus checks taxable? Will recipients have to repay that money at some point? Quick answers: The $1,200 payments are technically “advance refundable tax credits”, much like the Affordable Care Act subsidies, and are not taxable as income. […]

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