Phase Three of Congress’ COVID legislation includes several important tools that dealerships may be eligible for, including the SBA Paycheck Protection Program (“PPP”).
The PPP allows for loans through SBA approved lenders for 2.5 times average monthly payroll costs (up to $10M), which may be...
Governor DeSantis has issued New “Safer At Home” Order
Written by admin on . Posted in 2020, COVID-19 Related Articles and Resources.
As you have likely now heard, Governor DeSantis has issued a new statewide “Safer At Home” Order that mandates closure of non-essential businesses and limits citizens activities outside their homes to those deemed essential. Executive Order Number 20-91, a copy of which can be found at this...
A MESSAGE TO OUR COLLEAGUES AND CLIENTS
Written by admin on . Posted in 2020, COVID-19 Related Articles and Resources.
Bass Sox Mercer is open for business and will continue to provide each of our clients with superior legal service. However, as the rapid spread of the COVID-19 virus continues, we must do our part to help minimize any possible exposure or spread of this virus to our clients,...
LEGAL UPDATE ON COVID-19 ISSUES IMPACTING DEALERSHIPS
Written by admin on . Posted in 2020, COVID-19 Related Articles and Resources.
In our effort to keep BSM dealer clients and industry friends informed during the ever-changing legal landscape resulting from the COVID-19 pandemic, we provide the following update. We sincerely hope that you, your families and your dealership team are staying safe and healthy.
State and...
Thinking About Passing Along Your New Vehicle Franchise to a Family Member Upon Retirement? … It May Not be Quite so Easy
Written by admin on . Posted in 2019, Franchise News, Newsletter.
Most dealers assume that when it comes time to retire from the dealer owner-operator position you will be able to designate a family member as your replacement. Increasingly, the manufacturers are refusing to honor a dealer’s designated replacement. These manufacturers, General Motors being one...