COVID-19 Small Business Loan Relief Guidance

COVID-19 Small Business Loan Relief Guidance - Updated April 8, 2020

Client Alert

April 8, 2020

Economic Action Plan for Clients

Our legal and business crisis response team has collaborated with lending institutions in Ohio and Florida to advise small businesses with regard to the loans available due to the COVID-19 health and economic crisis. There are several loan options that may work for you, and we have also added a section for Frequently Asked Questions. Click here for our full overview on the SBA Loan Relief program.

For more information, please contact your primary BMD attorney and they would be happy to assist you in developing an Economic Relief Action plan for your business.

Posted by BMD SBA Loan Team

Federal Trade Commission Voids Non-Compete Agreements Nationwide

April 30, 2024

On April 23, 2024, the U.S. Federal Trade Commission (“FTC”) issued its Final Rule containing regulations impacting non-compete agreements across the country for all employees. The Final Rule implements some of the most impactful changes to employment law during this century. The Final Rule will take effect 120 days from its publication in the Federal Register, which we expect to occur within the next few weeks.

Posted by Bryan E. Meek and Adam D. Fuller

Department of Labor Finalizes Rule with Substantial Salary Increases for White-Collar Overtime Exemptions

April 30, 2024

On April 23, 2024, the U.S. Department of Labor (DOL) announced a final rule that will significantly impact overtime eligibility for white-collar employees under the Fair Labor Standards Act (FLSA). This rule implements a dramatic increase in the minimum salary level required for an employee to be exempt under the FLSA’s administrative, executive, and professional exemptions (the so-called “white collar exemptions”) as well as the FLSA’s highly compensated employee exemption.

Posted by Bryan Meek and Jacob Bruner

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