Corporate Transparency Act: Build an Effective Plan for 2024 Compliance
March 2024 Update: In the case of National Small Business Association v. Yellen, the U.S. District Court for the Northern District of Alabama recently declared that the Corporate Transparency Act (“CTA”)—the new federal regulation requiring most small businesses to file a beneficial ownership information report this year with the Financial Crimes Enforcement Network (FinCEN)—is […]
4 Recommendations for Planning Your Work Holiday Party to Help Avoid Common Legal Hurdles
Are you looking forward to an in-person corporate celebration this holiday season? So are we! Since many of us took time off from celebrations or chose virtual options in 2020 and 2021, it’s probably a good idea to review this list to help evaluate legal considerations as the festivities draw near. Keep reading for four […]
Commercial Lease Rent Payments & Typical Force Majeure Event Carve-out: A COVID-19 Exception
As with all clauses, specific breach types may be carved out of a force majeure clause. One of the more common examples is commercial leases that carve-out the tenant’s inability to pay rent. The court almost always enforces this carve-out on behalf of the landlord, holding the tenant responsible for payment – regardless of unforeseeable […]
Comparing Force Majeure & Change in Law Clauses
Both force majeure and change in law clauses are designed to afford protection for parties entering into contracts. How do they differ, and does your business require one or both in its commercial contracts? We’ve discussed force majeure clauses, so let’s begin with a brief overview of change in law clauses. The Basics: Change in […]
4 Best Practices for Force Majeure Clauses in Commercial Contracts
What is a Force Majeure Provision? The term force majeure literally translates from French to English as “superior force” and is commonly referred to as an “act of God”. According to Black’s Law Dictionary, the provision “is meant to protect the parties in the event that a contract cannot be performed due to causes which […]
COVID-19 Business Interruption Insurance Coverage
Do you have COVID-19 business interruption insurance coverage? The restrictions put in place to halt the spread of coronavirus (COVID-19) including social distancing, stay-at-home orders, and quarantines are critically impacting businesses. MSN is currently reviewing insurance policies for businesses who may have suffered financial losses due to business interruption caused by COVID-19 and those that […]
Real Estate Closing Video Conferences Available
Real Estate Closing Video Conferences Available Massey, Stotser, & Nichols P.C. understands the current requirement and desire to remain in compliance with all current directives regarding the need for social distancing. In accordance with this, MSN is able to provide the option of a drive-up closing or video conferencing in our real estate closings. We […]
Small Business COVID-19 Disaster Relief Assistance Loans
SBA COVID-19 Disaster Relief Assistance Loans Basics Here at Massey, Stoster & Nichols, PC, we understand how many small businesses and non-profits have been financially impacted by the coronavirus (COVID-19) disaster and are here to help provide information and resources available to such small businesses and non-profits – such as small business COVID-19 disaster relief […]
