The SBA has opened round 2 of the Paycheck Protection Program (PPP) loans for small businesses. In today's post, attorney Joel Beck provides a high level overview of the eligibility requirements for a second draw and discusses how the forgiveness will be reviewed for second draw loans as well.
Category Archives: Business Law
UPS Reportedly Offering Severance Packages to Select Management Employees
UPS is reportedly offering severance packages to selected management employees. Before you sign any buyout or severance agreement, make sure you fully understand its terms.
Coca Cola Company Offers Voluntary Severance Packages
It’s been reported in the news that the Coca-Cola Company is offering voluntary severance packages to certain workers. This is part of efforts recently announced concerning a global restructuring of the company’s business which will include job cuts. As with all situations like this, it’s the details that matter – the terms actually in any […]
Gov. Kemp Signs Senate Bill 359; Enhances COVID19 Liability Protection for Business and Other Entities in Georgia
This week, Georgia Gov. Brian Kemp signed SB 359, to provide certain liability protections to Georgia businesses and other entities from claims relating to COVID-19.
Emergency Law Changes for Businesses Re: COVID-19
Emergency rules and legislation relating to the COVID-19 have impacted small businesses in Georgia. Today's blog post discusses several recent changes.
Buying or Selling a Business in Georgia? You MUST know exactly what you are buying or selling!
If you're going to buy or sell a business, it is critical to know exactly what it is that you are buying or selling. In today's short video, attorney Joel Beck provides an overview on the difference between an asset only deal and a stock deal.
Covenants Not to Compete and Not to Solicit Can be Enforced in Georgia
Joel Beck discusses a recent Court of Appeals of Georgia opinion that affirmed an injunction against a former employee of a business to prevent violations of a covenant not to compete and a covenant not to solicit. As discussed in this video and post, restrictive covenants in Georgia, if done correctly, can be enforced by the Georgia courts.
Georgia Records Restriction: Sealing Non-Conviction Criminal Records
Those with criminal charges against them in Georgia, that concluded without a restriction, may wish to seek to have the criminal history record information about the matter restricted, and the court file sealed, where possible under Georgia law, so that information about the matter does not prevent them from gaining employment, interfere with their business, or otherwise impact their livelihood.
Going Into Business With a Partner: Planning for An Owner’s Death
When two people go into business together, unless they do some good, detailed planning on the front end, some key issues are often not addressed. One of those is this: what happens when one of the owners dies? Does the deceased owner’s stock or ownership interest in the company get passed on to his or […]
Going Into Business With a Partner: Planning for the Business Divorce
When people contact us wanting to form a new company, and explain that they want to go into business with someone else.I usually jokingly tell them that’s not a good idea, and then explain that if they don’t do some good planning on the front-end, they’ll likely endure a lot of headaches, stress, and much […]