COVID-19 has greatly impacted the lives of people and businesses in Colorado.
Following the lead of the U.S. government and other States, Colorado has implemented many restrictions to reduce the potential spread of COVID-19:
On March 10, 2020, Governor Polis issued an Executive Order declaring a state of disaster due to COVID-19.
On March 12, 2020, Mayor Hancock declared a State of Local Disaster Emergency. The City Council for City and County of Denver extended this declaration through May 11, 2020.
On March 13, 2020, the Executive Director of the Denver Department of Public Health & Environment restricted access to facilities to minimize the spread of COVID-19. This extended to the restriction of additional activities, including consumption of food and beverages in restaurants and banned mass gatherings of more than 50 people on March 16, 2020. Further, on March 16, 2020, an Order was issued closing bars, restaurants, theaters, gyms and casinos.
On March 18, the Governor issued an Order to close all schools for primary and secondary education.
On March 18, Orders were implement to restrict social distancing to no more than 10 people.
On March 22, the Governor issued an Order for non-critical workplaces to reduce their workforce by 50 percent.
On March 23, Mayor Hancock issued a Stay At Home Order for the City and County of Denver.
Currently, as of March 23, the 2019-2020 flu season in the U.S. has 38 – 54 million flu illnesses and 23,000 – 59,000 flu deaths, per the CDC.
For perspective, for the 2018-2019 flu season, the CDC estimated that up to 42.9 million people got sick, 647,000 people were hospitalized and 61,200 died. In the 2017-2018 Flu Season, the overall burden was an estimated 45 million influenza illnesses, 21 million influenza-associated medical visits, 810,000 influenza-related hospitalizations, and 61,000 influenza-associated deaths, per the CDC.
Due to COVID-19 and the restrictions placed on people and businesses in Colorado, many Colorado businesses have been upended and are struggling. Small and medium-sized businesses have been hit the hardest, as well as the employees who work for them.
It can be costly to change the infrastructure of small to medium sized business to meet the restrictions imposed by the COVID-19 Orders. Businesses have had to furlough or lay off employees due to decrease in business. Businesses are not able to produce enough profit to pay for their leases, and many business are breaking their commercial leases. Residential real estate leases are not faring well, either, as many people struggle or are forgoing a paycheck. Landlords are then unable to pay their commercial and residential mortgages. Everyone loses.
While there are some assistance programs for struggling small businesses, they may not meet your needs.
WHAT WE NEED:
1) Interest-free loans without business or personal security collateral and grants to businesses that have been impacted.
2) Business bailouts to ALL businesses impacted- not just businesses over 500 employees.
3) Unemployment for employees who have lost revenue or their job that equally matches their job revenue prior to COVID-19 restrictions.
WHY YOU NEED AN ATTORNEY:
Without the above, attorneys will be critical to the success of the economy and people.
Gantenbein Law Firm Denver Business Attorneys, Real Estate Attorneys and Tax Attorneys can help with the following:
1) Commercial Lease Break issues
2) Residential Lease Break issues
2) Foreclosure and Mortgage Default Issues
3) Evictions
4) Negotiate and Restructuring of Debt
5) Reviewing Contracts For Business
6) Reviewing Contracts For Real Estate
6) Reviewing Contracts For Loan Terms, New Loans and Refinancing
7) Tax Issues
8) Inability To Pay Taxes
9) Employment Disputes
9) Real Estate Disputes and Litigation
10) Business Disputes and Litigation
WHAT YOU CAN DO:
1) Adapt your business so you can provide services remotely.
2) Allow employees to work remotely.
3) Use other local business for alternative sourcing and supplies: it is crucial that small businesses help each other during this time.
4) Keep clients updated on the status of your business and the services it provides.
5) Try to avoid loans with interest. Look for grants and government support.
6) Write your local Congress people and Legislators and ask for more support for businesses under 500 employees, and support for unemployment.
7) Be prudent in your expenses and avoid unnecessary expenses.
8) Negotiate and restructure existing debt (call an attorney if you need assistance with this).
9) Write letters of recommendation for furloughed or laid-off staff.
10) Try not to stress and enjoy the time with your loved ones. Hopefully, we will all be very busy again soon!
Gantenbein Law Firm continues to provide legal services to clients. Our attorneys are working remotely, and we have always offered phone consultations and meetings for clients. Gantenbein Law Firm is located in Denver, Colorado and provides legal services in the following areas: Real Estate Law and Litigation, Business Law and Litigation, Tax Law, Probate and Probate Litigation, Estate Planning, Wills, Trusts, Elder Law, Foreclosure and Mortgage Default Issues, HOA Defense, and Credit Disputes and Repair.
Call 303-618-2122 to schedule a consultation, or book online.
For more information, visit Gantenbein Law Firm online.
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