On July 27, 2021, the Centers for Disease Control and Prevention (CDC) once again recommended that even fully vaccinated individuals should wear masks indoors in areas with high rates of COVID-19 transmission. This reversal from its May 2021 guidance, which dropped...
Corporate & Securities
SBA Makes Beneficial Changes to the Paycheck Protection Program
This week, the Small Business Administration announced the launch of a streamlined application portal for Paycheck Protection Program (PPP) borrowers who received less than $150,000 of funding. Under the new program, borrowers who received funding of less than...
Supply Chain Security: Is Your Business Vulnerable to Cyber Attacks in Your Supply Chain?
The massive exploit of the company Solar Winds has been seen as an example of what is called “supply chain” vulnerability. In point of fact, the vast majority of those impacted by the Russian Solar Winds attack probably had never heard of the company Solar Winds, and...
8-K Trading Gap Act Of 2021 Seeks To Close Insider Trading Loophole
On July 15, 2021, members of Congress introduced the bicameral 8-K Trading Gap Act of 2021 (the “Act”). This Act is similar to a piece of legislation titled the “8-K Trading Gap of 2019”, which was introduced and passed by the house with an overwhelming 384 votes to 7...
Ohio Budget Vetoes: Gov. DeWine Keeps COVID-19 Business Violation Fines
Though the Ohio Budget was signed into law on Thursday, July 1, 2021, Gov. Mike DeWine used his line-item veto power to eliminate several provisions that impact Ohio businesses, particularly for bars and restaurants that violated COVID-19 related restrictions. Here...
Ohio Legislature Weighs In on Sports Betting: An Update
Sports betting is on the horizon in Ohio with the state House of Representatives and Senate passing multiple bill iterations back and forth. Ohio won’t see anything come to fruition in the immediate future, but passing this year looks to be inevitable. A 2018 U.S....
Ohio Launches Grant Programs Totaling $310 Million for Pandemic Business Recovery
UPDATE 7/19/2021: When Governor DeWine announced the launch of these grant programs in June, the grant fund totaled $155 million with money made available by the Ohio General Assembly through Senate Bill 108 and Senate Bill 109. On July 1, the fund doubled to $310...
Ohio Attorney General Files Complaint to Treat Google As Common Carrier And/Or Public Utility
Ohio Attorney General Dave Yost made the decision to face Google head-on with his office’s June 8, 2021 filing of a complaint for declaratory judgment to treat Google as a common carrier and/or public utility in the State of Ohio. This step is just the first of many...
SBA Will Make PPP Loans Public in 2021
In a recent interview with The Business Journals, the SBA stated that it plans to make details of PPP loans public, in alignment with the U.S. District Court’s ruling last November. SBA Administrator Isabel Guzman stated in the interview that “There is no intent to...
Helping your Company Stay “Organized:” Updating Organizational Documents under the Revised Ohio Limited Liability Company Act
An LLC should run like a reliable car—without hitches and hiccups that could interrupt business and put company assets at risk. Maintenance and fine-tuning of an LLC’s organizational form should also be as routine as car maintenance. As such, it is important to check...