At Husch Blackwell we understand the financial hardships our startup clients are facing in the midst of the COVID-19 pandemic. We know you are facing challenges in your business and would like to recommend that you take a moment to review the questions below as you plan the next steps your startup should take.
Is Your Business is Essential?
As states issue shelter at home orders, businesses deemed non-essential are closing. While guidance varies by state, there are often exemptions for specific essential businesses or those industries supporting essential businesses. If you qualify, you may need to take some steps to confirm your company may remain operational under an exemption and get your workers the proper paperwork to explain why they are out on the streets. You can find the latest guidance for your state at Husch Blackwell’s COVID-19 State-by-State Guidance Resource Center. One of our attorneys can help you to determine and draft any additional documentation needed to support that you are running an essential business.
Is Your Business Eligible for the CARES Act SBA Loan Program?
The COVID-19 pandemic has prompted the U.S. government to respond with the Coronavirus Aid, Relief, and Economic Security (CARES) Act, the largest economic stimulus plan in history.