Nonprofit

Additional Help for SBA Borrowers Offered by the Continued Loan Payment Subsidies

Additional Help for SBA Borrowers Offered by the Continued Loan Payment Subsidies

The subsidy of Small Business Administration (“SBA”) loan repayments offered by the CARES Act has been extended by the newly enacted Economic Aid to Hard Hit Small Businesses, Non-Profits and Venues Act (the “Act”). For existing SBA borrowers with currently serviced loans, the government will now pay principal, interest and fees for those loans for an additional […]

Amendments to Ohio Civil Rights Statute Chapter 4112 – What Employers Need to Know

Amendments to Ohio Civil Rights Statute Chapter 4112 – What Employers Need to Know

On January 12, 2021, Governor Mike DeWine signed into law Ohio HB 352 amending the Ohio Civil Rights statutes, Chapter 4112 of the Revised Code. The amendments will go into effect April 13, 2021. The amendments to the Ohio Civil Rights statutes address and clarify a number of issues that are relevant to employers of four or more employees. The […]

“Series” Limited Liability Companies Will Offer More Options to Ohio Businesses

“Series” Limited Liability Companies Will Offer More Options to Ohio Businesses

Ohio has adopted a modified Limited Liability Company law which becomes effective on January 1, 2022 for all Ohio LLCs and foreign LLCs doing business in Ohio (Senate Bill 276). One of the most important features of the new law is facilitation of the formation of so-called “series” LLCs. One benefit of a series LLC is that […]

Your Ohio For-Profit Corporation Can Now Do Good; The Benefit Corporation

Posted on in Business, News, Nonprofit
Your Ohio For-Profit Corporation Can Now Do Good; The Benefit Corporation

Historically and legally, for-profit corporations have been restricted in pursuing social goals because, generally, corporate leadership was fiduciarily obligated to pursue wealth for its owners and shareholders. With Governor DeWine’s signing of Senate Bill 21 on December 21, 2020, Ohio Corporation Law now permits the formation of a “Benefit Corporation” which can pursue both profit and beneficial […]

Additional COVID Immunity Protections in Ohio

Posted on in Business, Employment, News, Nonprofit
Additional COVID Immunity Protections in Ohio

Ohio’s General Assembly recently enacted two additional civil immunity provisions (House Bill 606 and House Bill 151) in connection with so-called “healthcare isolation centers” and “emergency medical services” in the context of COVID-19. A “healthcare isolation center” is a center monitored by the Ohio Department of Health caring for patients with COVID-19-related infirmities. Civil immunity from suit for these centers is […]

New Ohio COVID Immunity Law

Posted on in Business, News, Nonprofit

Ohio’s new COVID immunity bill (H.B. 606) became law on Monday, September 14, 2020, and provides broad legal immunity to individuals, schools and businesses from claims in connection with COVID-19. Businesses cannot be liable to employees, patrons or others for claims related to the transmission, exposure and/or contraction of COVID-19.  The new law applies to Ohio entities […]

Senate Passes Keeping American Workers Paid and Employed Act as Part of Coronavirus Response

Senate Passes Keeping American Workers Paid and Employed Act as Part of Coronavirus Response

Late last evening, in a bold response to the crisis currently facing our country, the Senate passed the nearly $2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act. This bill, known as Phase 3, is extremely beneficial for small business of all sizes and includes unique provisions to help provide liquidity and to help businesses […]

COVID-19 Economic Injury Disaster Loans Available for Certain Non-Profit Organizations, as well as For-Profit Businesses

Posted on in Business, News, Nonprofit
COVID-19 Economic Injury Disaster Loans Available for Certain Non-Profit Organizations, as well as For-Profit Businesses

Because of the COVID-19 pandemic, the U.S. Small Business Administration (“SBA”) now offers a program of economic injury disaster loans to private non-profits, as well as for-profit businesses that have suffered substantial economic injury as a result of the COVID-19 pandemic. Generally, substantial economic injury means the private non-profit or business is unable to meet its obligations […]