For many of you, the rent is due next Wednesday. A closure of your office or work stoppage may understandably present a challenge in meeting that rent obligation. You may find that your lease has a “Force Majeure” clause in it; which states that unforeseen occurrences (such as a pandemic) do not excuse your obligations to pay rent. Assuming the rent is due, what is a dentist to do? Read more...
The Coronavirus Aid Relief and Economic Security Act (CARES Act) was signed into law on March 27. In this dense bill of nearly 900 pages, there is meaningful tax and economic relief for small business owners. Read more...
Presently, the media is saturated with stories of a health care system pushed to its brink and anecdotal stories of seemingly healthy individuals and health care providers who are taken too soon by Covid-19. While it may be unpleasant to contemplate, the present work stoppages present an excellent time to re-evaluate your present estate plans to make sure in the event of your incapacity or death you can preserve the value of the assets of your practice, minimize financial losses and avoid probate. This newsletter will contain a basic primer of probate administration and provide suggestions for the effective transfer of your assets. Read more...
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