Resources

Client Alerts, News Articles, Blog Posts, & Multimedia

Everything you need to know about BMD and the industry.

"New Normal" Budget Guidance

Blog Post
April 20, 2020

During these challenging times most business are faced with issues regarding cash flow and ongoing expenses. In prior Client Updates we have outline some specific action plans dealing with PPP, Cares Act and other funding programs, your obligations and opportunities under the Salary Continuation programs and others. We continue to update those as new Guidance is released so please check back to our Resources page from time to time.

In the interim we recommend you work on your “new normal” budget to assess your resources and look to where you could hope to defer a portion of your ongoing payments. Working with your budget, you may be able to pay 70% of your ongoing expenses for example. Reach out to your lenders, landlord, insurance providers, utilities and the like to see what adjustments or deferrals might be possible. Be proactive to reach out to them in advance of you next payment with the goal of working together for some additional time with a reasonable plan.

Please call your primary attorney at BMD to discuss your options and to develop strategies. 

New NormalBudget GuidanceLoan ReliefPPPpaycheck protectionCARES Actsmall business
Blog Post

The Secret to a Strong(er) Capital Stack

November 4, 2024BMD attended the annual New Markets Tax Credit (NMTC) Conference held by Novogradac & Company LLP in New Orleans. The event spotlighted the NMTC program, which encourages private investment in low-income communities through a 39% tax credit over seven years. The complex NMTC structure requires collaboration among qualified businesses (QALICBs), community development entities (CDEs), and investors. With the Fund’s recent double allocation announcement, now is an ideal time for eligible businesses to explore NMTCs to enhance their capital stacks.Blog Post

The Shadows Are on the Run: Global Icon Aon Adds Its Heft and Stature to the Legitimization of the Cannabis Industry

September 20, 2024Aon, a global firm with 50,000 employees across 120 countries, has made a strategic move into the U.S. cannabis industry, joining a growing list of institutional players such as First Citizens Bank. This entry aligns with the efforts of the Institutional Cannabis Lending Community (ICLC), which has been driving deal flow and fostering best practices among financial institutions since its founding less than 18 months ago. Aon will co-host an exclusive event for the ICLC at the Benzinga Capital Conference in Chicago, where it will unveil a custom product suite designed for cannabis businesses and tap into the collective expertise of the ICLC's nearly 30 Participants, which include banks, lenders, and compliance experts.Blog Post

Tips for Creditors Who Are Owed Money from Someone Who Has Filed for Bankruptcy

September 20, 2024You have received a notice in the mail stating that a business or person who owes you money has filed for bankruptcy. Now what do you do? It is important to act quickly to determine your rights in the bankruptcy process and to protect them. You should review the particulars of the debt owed to you with your attorney, as well as the debtor’s bankruptcy filings. Here are some of the preliminary issues to consider in order to protect your rights as a creditor.Blog Post

Get to Know BMD: Michael Sneeringer

August 13, 2024In this installment of our "Get to Know BMD" series, Cleveland Member Michael Sneeringer shares his journey into law, driven by influential mentors and an interest in estate planning. Discover his passion for client interactions, his surprising domestic skills, and his dedication to attending his daughter's volleyball games.Multimedia, Blog Post

BMD Vice President Amanda Waesch Shares the Secrets to Her Success

August 8, 2024BMD Vice President and Healthcare Law Member, Amanda Waesch, recently shared the secrets to her success on the Driving Change Podcast. From managing a high-powered career to balancing family life and mentoring the next generation of lawyers, Amanda’s insights are a must-hear. Watch the full interview here!
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