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Paycheck Protection Program Loans- How is the Average Monthly Payroll Calculated?

The rollout of the Paycheck Protection Loan program has been anything but smooth as the hastily written statute had provisions that did not make sense and the implementing regulations that were drafted just as quickly, sometimes led to more questions than answers.  The banks that have opened their online portals to accept applications have each Read More

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Paycheck Protection Plan Loan Updates

On April 2 the Small Business Administration issued interim rules to implement the Paycheck Protection Loan provisions of the CARES Act. The Rules: increased the interest rate on the loans to 1% (from 0.5%) – the repayment period for any portion of the loan that is not forgiven remains at 2 years); clarify that household Read More

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Update on Paycheck Protection Plan Loans

Update on Paycheck Protection Plan Loans A paycheck protection plan loan can provide small businesses adversely affected by the COVID-19 virus with a way to pay their employees, rent and utilities. These loans can be forgiven if the loan is used for the approved purposes. Businesses can get up to 2.5 times the amount of Read More

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COVID-19 LOAN AND GRANT ASSISTANCE FOR SMALL BUSINESSES

On Friday March 27, President Trump signed into law the CARES Act which makes new loans available to small businesses and non-profits. The programs described below are managed through the Small Business Administration, which will be issuing guidance in the coming days as to where and how you can apply for assistance. LOANS TO FUND Read More

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Should I Franchise My Business?

Franchises have become part of our everyday experience. We eat at franchise restaurants, shop at franchise clothing and home goods stores and sleep at franchise hotels. Franchising as a business concept developed and became popular in fast food and retail sales businesses. But over the last 20 years franchising has expanded to businesses offering all Read More

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TEN THINGS YOU SHOULD KNOW WHEN BUYING AN EXISTING FRANCHISE BUSINESS

The typical path to becoming a franchisee is to sign a franchise agreement with a franchisor and open up a new franchise location. In a new, start-up franchise system, this is likely to be the only path to becoming a franchisee. But in an established franchise system with many existing franchisees, you may have an Read More

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Frequently Asked Questions about Franchising

By R. Scott Caulkins What is a franchise, and how does a franchise work? A franchise is a business relationship that is created so that goods and services can be distributed by way of a proven business model. Federal and state laws vary in the way the word “franchise” is defined, but generally a franchise Read More

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Representative Matters
  • "Obtained a judgment for condominium association in excess of $1 million against developer of condominium in Fairfax County."

  • "Defended an officer of a government contractor in a case involving enforcement of a non-competition agreement."

  • "Defended and achieved favorable settlement of wrongful termination and discrimination claims brought in United States District Court for the Eastern District of Virginia."

  • "Served as outside counsel to several franchisors, prepared franchise agreements, franchise disclosure documents and state franchise registrations, and counseled franchisors regarding franchise compliance issues."

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