COVID-19: Media Highlights
May 13, 2020
Along with the oncoming spring rejuvenation, most businesses are looking at how to actually get back to business. Our Managing Partner, Ben Michaelson was sought to share some thoughts for an article in these regards.
While this is likely not a surprise coming from a law firm, final thoughts that did not get into the article is – compliance. There are a lot of changes going on in our society right now and, unfortunately, with change comes the unknown, and the unknown carries inherent risk. Regardless of how someone believes that their business must pivot to remain viable, be it with changes in employment policies or procedures, in fulfilling or not fulfilling contract terms, of seeking forgiveness or a deferral of debt or lease payments, entering into new lines or types of business – you can be assured that there are best practices, regulations, permits, Department of Labor requirements, or some other regulatory hurdle that may be standing in the way.
If you can see how your business can pivot to survive, and, hopefully, to flourish, take the calculated risk, but make sure that it is completed properly and with full vision of the compliance landscape so that the exciting pivot does not become a turn for the worse.