Catgeories: Q&A with Lubell Rosen,

Question: I hear the rollout of the Payroll Protection Program was rocky, and last-minute changes made the rules different. What are the biggest changes? Answer: The night before the rollout of the Payroll Protection Program, the Treasury Department changed the rules, putting banks front and center as the main bodies through which loans are processed. However the Fed gave the banks few rules about how to be an SBA PPP Lender. Some large banks took all of Friday to roll out their lending programs, some still have not created a lending program, and some large banks chose not to participate....
Catgeories: Q&A with Lubell Rosen,

Question:   Why should I hire Lubell Rosen to file my application for financial relief instead of doing it myself, or using a bank rep or a CPA for assistance? Answer: 1. When a doctor hires Lubell Rosen, it is our job to maximize your recovery. In other words, we will use our expertise to figure out how you can get the most money borrowed and more importantly, the most forgiven. While we make no guarantees, in most cases we anticipate that we will easily get more for you than the bank would get and the difference will exceed the...
Catgeories: Q&A with Lubell Rosen,

Question: I heard new regulations keep coming out on the Paycheck Protection Program, is that true, and how do they change what percentage of my loan will be forgiven? Answer: The effective date of the PPP was supposed to be April 1, 2020, now it is April 3, 2020, and new regulations come out, sometimes, several times a day. At Lubell Rosen we are on top of these changes, constantly figuring out how they can best benefit our clients. For example, in regulations just released, the amount of the PPP loan that is forgiven is what you spend in the...
Catgeories: Q&A with Lubell Rosen,

Question: If I already laid off employees, can I qualify for an SBA Economic Injury Disaster Loan? Answer: Yes but your loan forgiveness eligibility will be decreased if you have fewer employees in 2020 than 2019. There are ways to hire back employees, economically, by taking advantage of the act, and doing so will decrease or eliminate the loan forgiveness penalty. We can help you fund the rehiring of employees, through government aid, so you are not penalized. However, in order not to suffer significant penalty in loan forgiveness, you will need to hire back as many employees as you...
Catgeories: FirmNews, Health Care,

For the first time in our nation’s history there is a federal general paid leave act. While, the Family Medical Leave Act (“FMLA”) provides unpaid leave, it is only with the enactment of The Families First Coronavirus Response Act (“Act” or “FFCRA”)), signed March 18, 2020, that there is a requirement if an employee misses work, for certain Coronavirus related issues, he or she will be paid something under certain circumstances. Or at least that applies to some people, the actual percentage of the economy affected by the Act is less than half. The effective dates for the FFCRA are...
Catgeories: Q&A with Lubell Rosen, Uncategorized,

Question: If I apply for economic relief under the CARES act, when will I receive my benefits?   Answer: The average amount of time it takes to process an SBA loan is 21 days. After that is an average of three days to get the money direct deposited. However, once you apply, there is $10,000 of economic aid available within 72 hours. If everything the SBA is trying to do goes as planned. This $10,000 is for immediate payroll and operating relief. As long as you use it for that, the amount can be paid out of your second loan...
Catgeories: Q&A with Lubell Rosen,

1. As the owner of a medical practice, how much can I borrow from the government under the CARES act, and will any of the loan be forgiven? Answer: The Coronavirus Aid, Relief, and Economic Security (“CARES”) Act, recently passed by Congress, allocates $350 billion to help small business keep workers employed during the COVID-19 pandemic.  The “Paycheck Protection Program”, contained within the act, provides 100% federally guaranteed loans to small business, including medical practices, that are less than 500 employees.  These loans may be forgiven if borrowers maintain their payrolls during the crisis or restore their payrolls afterwards. If...
Catgeories: FirmNews, Health Care, Health Law, Uncategorized,

Social Media is invaluable for all businesses but in the health care business it comes with many challenges.  The primary reason is that patient confidentiality rules, generally called HIPAA, can prevent or seriously limit a response to a complaint or review.  Also, patient solicitation rules prohibit certain types of patient outreach for some providers. What can be infuriating for a health care provider to learn is that even though a former patient wants to criticize it on social media, by responding at all a health care business may be violating the law.  Simply put, a health care provider cannot disclose...
Catgeories: FirmNews, Health Care, Health Law,

  The largest state in the country is shutting the doors of all nonessential businesses starting sundae night. As this unprecedented measure is taken in New York to safeguard its residents, it is projected that other states will follow. Now is the time to get your affairs and estate plan in order. If you are over 60-you need an estate plan. This virus has the ability to create havoc in individuals over the age of 60- a segment of our population that includes business owners, CEO's and heads of households. The critical question we should all be asking is "what...
Catgeories: Employment Law, FirmNews, Health Law,

1.      Provided State/Local Laws Allow, Can I Force My Healthy Employees to Come to Work? Can you, is one question, should you, is another question. There are workers this country needs right now, who are heroes, and whole sectors of the economy on hold. As an employer you need to think of what the public relations issues there are, and the potential for litigation costs, whether that litigation is frivolous or not. The law is not entirely clear as to whether you can force an employee to come to work at the moment, and a lot depends on...