Insights

COVID Business Law Update: If you are going through hell, keep going

April 09, 2020

I am not sure if you have been following the estimates of Covid-19, but I wanted to look at how they have changed over the last several weeks.  Check out the numbers and reference links below.

  • 3/13/2020 (200,000-1,700,000 estimated Covid-19 deaths in the US per the CDC):  The link to the story is here.
  • 3/30/2020 (100,000-200,000 estimated Covid-19 deaths in the US per Dr. Fauci):  The link to the story is here.
  • 4/6/2020 (81,766 estimated Covid-19 deaths in the US per the University of Washington’s Institute for Health Metrics and Evaluation):  The link to the story is here.
  • 4/8/2020:  (60,415 estimated Covid-19 deaths in the US per Healthdata.org):  The link to the data is here.

While there are a few different sources, the reported estimates continue to fall (thankfully) versus climb.  It tells me that we are getting closer to the end of this situation.

  • What are you doing to ready yourself and your business for the other side of this situation?
  • Have you reviewed your loan documents, applied for emergency assistance, updated your operating documents, checked on insurance coverages, and so on.
  • Follow the flow of a dollar from entry into your business all the way to the exit to look for ways to enhance or improve the process.
  • Now is the time to have conversations about your business and what it will look like going forward with your trusted group of advisors.

As Winston Churchill said:  “If you are going through hell, keep going”

We will get through this situation and you and your businesses will be the engines of recovery. 

A few things I felt may be of importance today: 

  • Disaster Loan Program or Payroll Tax Credit, which is right for my business?  Take a look at this article.  I think it gives a good overview of the puts and takes of each.  Contact your bank or any of the contacts on the linked list if you pursue the disaster loan process.
  • SCORE Covid-19 Resource Center:  If you are looking for a business mentor or other information from SCORE related to Covid-19 Resources, check out this link.
  • Upcoming Webinars: 
    • NFIB Coronavirus Part V; Friday April 10, 2020; 12-1pm:  Register for the event here.

 Please see all of our updates at the following link:  https://mpl-law.com/resource-center/

As always, please don’t hesitate to email myself, Andy Miller (amiller@mpl-law.com) or Christian Miller (cmiller@mpl-law.com) or anyone in our office with any questions or comments. 

Share:

Leave a Reply

Your email address will not be published. Required fields are marked *