NJ Lawyers - Covid-19 Financial Aid Relief for NJ Business Owners
Congress passed a law to provide emergent financial aid relief to businesses, individuals and families. The law firm of LoFaro & Reiser, LLP is assisting small business owners in applying for emergency funding under this new law.
Although the funds advanced to businesses under the CARES ACT are considered a "loan", the repayment will be deferred for a limited time period and the debt will be forgiven if certain requirements are met, including the continuity of employment.
In addition, the new law provides one-time relief to certain individuals and couples based on income qualifications. Qualifying individuals will receive a one-time direct payment of $1,200, and qualified couples will receive a one-time direct payment of $2,400.
Because the application is cumbersome and detailed, it is recommended that businesses consult with their accountants and their lawyers.
The law firm of LoFaro & Reiser, LLP is assisting small business owners in applying for COVID-19 financial relief under the CARES Act. Click here (https://www.njlawconnect.com/
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About LoFaro & Reiser, LLP
A boutique law firm representing small to mid-size businesses in a variety of legal matters, including contract law, bankruptcy law, complex commercial litigation, and partnership disputes.
Glenn R. Reiser