ASA has published an issue paper addressing various financial assistance opportunities for staffing agencies under the Paycheck Protection Program of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Written by Marc J. Gerson, Esq., member of Miller & Chevalier Chartered, the paper details the PPP’s various requirements and provisions, including loan forgiveness, and describes the application process. The paper also addresses the interaction of PPP loans with CARES Act tax relief provisions, as well as other financial assistance opportunities—including Economic Injury Disaster and Exchange Stabilization Fund loans.
Ortoli | Rosenstadt: What Exactly Is a Seller Responsible for When Selling Its Staffing Firm?
Buyers of a business generally expect sellers to be responsible for certain liabilities relating to when the seller owned its business—a concept mergers and acquisitions professionals refer to as indemnification. Indemnification is one of the most heavily negotiated, and potentially most significant, provisions of a purchase agreement, and understanding the terminology common to such agreements is essential when negotiating a deal. Attorney Paul Pincus of Ortoli Rosenstadt LLP explains what sellers are liable for, how a seller’s liability may be limited, and how buyers may seek to fund potential indemnity claims.
State Shutdowns Have Taken at Least a Quarter of U.S. Economy Offline
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Business Activity Declines Steeply Amid Covid-19 Pandemic
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Free ASA Webinar Tomorrow—Leading Through Crisis
Don’t miss tomorrow’s ASA webinar “Leading Through Crisis,” 3–4 p.m. Eastern time. If you are currently in a leadership position, it’s safe to say your skills are being tested now—but during a crisis is when real leaders show up, and that requires adaptability. This webinar is brought to you by Women In Leadership Interest Group.
All ASA webinars are free for ASA members, and most qualify for continuing education hours toward ASA certification renewal. To learn more and to register, visit americanstaffing.net.
Don’t Get Stuck With Unreliable Data—Participate in the ASA Staffing Index
Looking for real-time data on staffing employment? The ASA Staffing Index reports weekly changes in the number of people employed in temporary and contract work. The data will help your firm evaluate its performance against a national metric on both a weekly and long-term basis.
Participants receive a weekly email with the results of the weekly survey, including figures by company size, and access to historical data and new dynamic charts. These data, which are not available anywhere else, allow staffing firms to compare how their business is doing on a weekly basis relative to similarly sized firms in the industry. There are no fees to participate in the three-question survey.
Sign up to participate in the ASA Staffing Index and receive the most up-to-date information about the staffing industry.
U.S. Department of Labor Announces Additional Guidance Following Paid Sick Leave and Expanded Family and Medical Leave Implementation
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FFCRA: Guidance and Controversy
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U.S. Department Of Labor Publishes Guidance on Federal Pandemic Unemployment Compensation
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Delaware Expands Unemployment for Workers Affected by Covid-19
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Maryland Provides Economic Relief From Covid-19 for Businesses and Tax Payers
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Should You Care About the Employee Retention Credit When You Have SBA Loans?
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International Franchising: Confidential and Proprietary Information, and Trade Secrets
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Construction Firms Report Significant Layoffs in Light of the Pandemic
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Warehouse Hiring Surge Defies Crashing U.S. Jobs Market
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