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Texas Enters Phase II of Reopening
May 20, 2020Virtus LawNo CommentsCategories: Articles

Texas Enters Phase II of Reopening

Texas Governor Greg Abbott Monday, May 18, 2020 that Texas will enter the second phase of its reopening plan. Under Phase II, the following my occur: Beginning May 18, 2020: Child Care Centers, massag...

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Stay At Home Extended But More Businesses May Open
May 19, 2020Virtus LawNo CommentsCategories: Articles

Stay At Home Extended But More Businesses May Open

Minnesota Governor Tim Walz signed an amended executive order extending the stay at home on Wednesday, May 13, 2020. The Emergency Executive Order 20-56: Safely Reopening Minnesota’s Economy and Ens...

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May 13, 2020Virtus LawNo CommentsCategories: Articles

Important Update Regarding the PPP Loan Program

The SBA issued new guidance in the form of additional FAQ’s today, May 13, 2020.  Specifically, the SBA provided additional information regarding how it will evaluate the “good-faith certificatio...

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SBA Issues More Guidance on the PPP Loan
May 11, 2020Virtus LawNo CommentsCategories: Articles

SBA Issues More Guidance on the PPP Loan

The SBA, continuing the trend, has issued more guidance regarding the PPP loan. A few of the highlights are below: (1) How to handle employees who refuse to return: The SBA provided specific steps tha...

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Governor Extends Stay at Home Order
May 2, 2020Virtus LawNo CommentsCategories: Articles

Minnesota Governor Tim Walz Extends Stay at Home Order to May 18, 2020

Minnesota Governor Tim Walz signed an executive order extending the Stay at Home order from May 4, 2020 to May 18, 2020. Although the Stay at Home order is extended, the restrictions on non-critical b...

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Paycheck Protection Program Loan Alert
May 1, 2020Virtus LawNo CommentsCategories: Articles

Paycheck Protection Program Loan Alert

When the CARES Act established the Paycheck Protection Program (PPP) loan program, many businesses were left wondering: (1) are loan amounts forgiven considered taxable income; and (2) can a business ...

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April 30, 2020Virtus LawNo CommentsCategories: Articles

Texas Temporarily Allows For Appearance Before Notary Public Via Videoconference For Real-Estate Instruments

Texas Governor Greg Abbott recently suspended certain statutes that normally require an individual to appear before a notary public in person for real-estate instruments such as mortgages and deeds. T...

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Safely returning to work
April 27, 2020Virtus LawNo CommentsCategories: Articles

Minnesota Sends Certain Non-Critical Sector Employees Back to Work

Late Thursday the Governor of Minnesota, Tim Walz issued Executive Order 20-40 allowing certain non-critical sector businesses to go back to work, with certain restrictions. Specifically, the order al...

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Self-employed Individuals and the PPP Loan
April 17, 2020Virtus LawNo CommentsCategories: Articles

Self-employed Individuals and the PPP Loan

Ready, set, go.  The SBA and banks have started accepting applications for the Paycheck Protection Program loan (PPP) from Self-Employed individuals, including those with sole proprietorships and/or ...

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Alert: Impact of COVID-19 on Company Filings
April 17, 2020Virtus LawNo CommentsCategories: Articles

Alert: Impact of COVID-19 on Company Filings

Individuals and businesses in Minnesota should take note that the Minnesota Secretary of State has reduced its operations due to COVID-19 for the foreseeable future.  Specifically, the Minnesota Secr...

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