The federal government is only beginning to develop the system to issue the stimulus payments authorized by the CARES Act (Coronavirus Aid, Relief, and Economic Security Act). Scammers, however, are already trying to steal money from Americans.

The FBI, multiple state attorneys general, and other agencies are warning Americans not to fall for phone calls, emails, texts, or websites that ask for personal or financial information in order to receive the stimulus payment.

Continue Reading Stimulus Payments – When Do I Get Mine?

The New Jersey Economic Development Authority (NJEDA) has approved a series of aid packages for small/mid-size businesses in the amount of $75 million, which could grow to $100 million depending on matching grants.

The NJEDA programs focus on businesses that have been hit the hardest by COVID-19. The initiatives include a grant program for small businesses, a zero-interest loan program for mid-size companies, support for private-sector lenders and a variety of resources providing technical support.

The NJEDA hopes the initiatives will provide relief to 3,000 and 5,000 small and mid-size businesses in the State. Some of these NJEDA programs will begin accepting applications as early as March 30th. Below you will find each of the NJEDA’s programs, a summary of each program and eligibility requirements.

Continue Reading New Jersey Small Business Economic Development Authority – Small Business Assistance re: COVID-19

As of Friday March 27th, the US Congress has voted to advance the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act), that will create an estimated $2 trillion emergency relief package to aid millions of individuals, the public health sector, hard-hit industries, and small businesses effected by COVID-19.

The CARES Act will allocate $350 billion to provide relief to certain businesses through 100% guaranteed Small Business Administration (SBA) loans, a portion of which the SBA would forgive based on the employer meeting certain criteria.

Below you will find a summary of provisions in the proposed legislation applicable to businesses.

Continue Reading What to Know About the CARES Act

Unfortunately bad actors are leveraging the current Coronavirus epidemic for malicious intent. It has escalated so quickly that the United States Secret Service issued a press release.

As you might imagine, the phishing attacks exploit our concerns regarding COVID-19.

One widespread campaign includes a poisoned PDF document labelled “CoronaVirusSafetyMeasures_pdf“ which, if opened, can give full administrative control of your computer to the attacker.

Continue Reading Possible Security Risks of Working from Home

The House of Representatives passed legislation aimed at mitigating the economic impact of the coronavirus by providing financial assistance to businesses and individuals. Assuming the bill is passed by the Senate early next week and signed into law by President Trump, the law would ensure that workers can take paid or sick leave. The bill also bolsters unemployment insurance and guarantees that all Americans receive free diagnostic testing for coronavirus.

The potential economic fallout from coronavirus is unknown at this time.

Continue Reading House Passes Bill to Address Coronavirus – Now It’s Our Turn to Do Our Part

In the wake of Hurricane Harvey and the incredible devastation wrought across the State of Texas, many Americans want to do what they can to help. Unfortunately, there are some unscrupulous individuals who will seek to personally profit from the generosity of their neighbors.

The U.S. Department of Justice estimates that over $20 million was lost to charity scammers after Hurricane Katrina, and this disaster has the potential to cause just as much harm. The Internal Revenue Service (IRS) and the Department of Justice (DOJ) have both issued warnings about fake charity scams that are emerging, and are urging Americans to only reach out to recognized charitable organizations.

Continue Reading Avoiding Charity Scams in the Wake of Hurricane Harvey

Stark & Stark is proud to congratulate Shareholder Dolores R. Kelley for being selected by NJBiz as a recipient of the 2016 Forty Under 40 Award.

Dolores R. Kelley is not only a respected Shareholder at Stark & Stark, she is the Practice Leader for the firm’s Beer and Spirit Group where she is responsible for driving the team’s entity formation, intellectual property, licensing, real estate, finance and operations activities in the growing brewery, brew pub, and distillery marketplace. Ms. Kelley also handles a wide range of matters for the real estate industry, including commercial, transactional, condominium and homeowner association formation and leasing; and represents lenders in commercial loan transactions. Ms. Kelley joined Stark & Stark in September of 2008 and is admitted to practice law in New Jersey, New York, and Pennsylvania.

Continue Reading Stark & Stark Congratulates Dolores R. Kelley – NJBiz 2016 Forty Under 40 Award Recipient

On Wednesday, May 11, 2016, the United States Senate Committee on Finance held a hearing on the oversight of the U.S. Customs and Border Protection Agency. Amongst several other subjects, the hearing discussed the ongoing efforts to dismantle the extremely costly counterfeiting industry. Attorneys across the country have been working tirelessly to protect and defend companies against copyright infringement from perpetrators who are typically located on the other side of the globe. One such attorney is Stark & Stark Shareholder Craig S. Hilliard, who has spent the past several years defending businesses in the bridal and wedding industry against these same counterfeiters.

Continue Reading U.S. Senate Committee on Finance Hearing Discusses Combatting the Counterfeiting Industry