Florida: (850) 878-6404
North Carolina: (919) 847-8632
Florida: (850) 878-6404
North Carolina: (919) 847-8632

News

Important News and Alerts

Waivers of Liability from COVID-19, Not All They Are Cracked Up to Be

Written by admin on . Posted in 2020, Compliance, COVID-19 Related Articles and Resources, Newsletter.

A waiver seems like a good idea to address potential liability for your dealership from COVID-19 related exposure, but it may create more problems than its ultimate value. First, let’s examine the bigger picture here. COVID-19 related lawsuits against dealerships are likely to come from two distinct...

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COVID-19 Related Factory Shutdowns Adversely Impact Vehicle Allocation

Written by admin on . Posted in 2020, COVID-19 Related Articles and Resources, Franchise News, Newsletter.

The ongoing COVID-19 pandemic has impacted, rather severely, the OEM’s ability to turn out new product.  Shortly after the pandemic hit, plants were limited and/or closed, and new motor vehicle production ground to a halt.  The downstream impacts to dealers may have been minimal at the outset...

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BSM Continues to Assist Dealers Navigate the Ever-Changing PPP Loan Rules

Written by admin on . Posted in 2020, COVID-19 Related Articles and Resources, Newsbrief, Newsletter.

BSM Shareholder, Richard Sox, has presented seven (7) seminars on the Paycheck Protection Program loan eligibility and forgiveness thus far for various dealer organizations. The continuing seminars are a result of the repeated changes made to the PPP by both the Small Business Administration and Congress....

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