How to Bring Your Business Back After the Coronavirus

One day, the global pandemic surrounding the coronavirus will end, and countries and states will reopen. The question on every business owner’s mind, however, is when this will happen. Both small businesses and massive corporations are struggling through this global humanitarian and economic crisis, and there are a lot of unknowns about the future after this pandemic runs its course. Companies struggling to survive this crisis may wonder what their future will look like and how they can recover. The team at Dallas law firm, Ritter Spencer, is here to advise and support business owners as they work to strengthen their company after the coronavirus.

Ritter Spencer, PLLCHow to Bring Your Business Back After the Coronavirus
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Advertising CBD Online

As cannabidiol (CBD) continues to grow in popularity, the industry is becoming increasingly competitive. CBD business owners have been forced to resort to creative measures in their marketing efforts. Many CBD companies often ignore the various rules and regulations associated with CBD advertising online. However, it is important for CBD businesses and entrepreneurs to pursue compliant marketing strategies for their products to avoid account suspensions, government enforcement actions, or other business interruptions.

Ritter Spencer, PLLCAdvertising CBD Online
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A First-Hand Glimpse of the War Against the Invisible Enemy

On Tuesday, March 24, 2020, I was admitted to an (intentionally undisclosed) hospital’s Emergency Room for a ruptured appendix, which turned into a five-day, slightly horrific saga. This blog explores the up-close and personal experience I had with the current state of affairs of hospitals during this COVID-19 pandemic and emphasizes the importance of staying home. It is important to preface this blog with the fact that I am healthy now and that the lawyers at Ritter Spencer PLLC continue, from the safety of our respective homes, to advocate for our clients during these unprecedented times.

Ritter Spencer, PLLCA First-Hand Glimpse of the War Against the Invisible Enemy
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How Filing for Bankruptcy Can Help Small Businesses in an Economic Downturn

No company wants to consider bankruptcy, especially during a situation as tumultuous as the coronavirus outbreak. Unfortunately, bankruptcy is a reality for many businesses. Debts can quickly get out of hand when the economy contracts, especially when it does so broadly and unexpectedly. However, the unique legislative and economic environment surrounding the COVID-19 pandemic is providing small businesses with options designed to help them survive this challenging situation. Work with a commercial bankruptcy attorney like the team at Ritter Spencer PLLC to learn more about how filing for bankruptcy may help small businesses survive an economic downturn.

Ritter Spencer, PLLCHow Filing for Bankruptcy Can Help Small Businesses in an Economic Downturn
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Landlords and Tenants in Texas: How Do Coronavirus Emergency Orders Impact My Rent?

Rent is generally due at the first of the month. Many landlords are undoubtedly concerned that their clients will not pay rent this month and for good reason. The country has unprecedented numbers of unemployed individuals, and many businesses are closed, from restaurants and bars to after-school programs and malls. Government programs have been enacted, but the money from those programs will take at least a few weeks to be paid to individual and commercial tenants. Dallas-based lawyer, David Ritter, explains what this means for landlords and tenants in Texas. 

Ritter Spencer, PLLCLandlords and Tenants in Texas: How Do Coronavirus Emergency Orders Impact My Rent?
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What Your Small Business Needs to Know About the Paycheck Protection Program

Many small businesses are asking about the Paycheck Protection Program, which is a large part of the Coronavirus Aid, Relief and Economic Security Act, or the CARES Act, passed by Congress and signed by the President on March 27, 2020. The Paycheck Protection Program will provide loan assistance to small businesses and is designed similar to a grant program to be paid by the government to keep small businesses operating. The Paycheck Protection Program is essentially free money for small businesses to use to stay afloat and prevent mass layoffs as a result of the COVID-19 pandemic. 

Ritter Spencer, PLLCWhat Your Small Business Needs to Know About the Paycheck Protection Program
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New Small Business Reorganization Benefits

As we wade through the tumultuous fallout and turmoil from the coronavirus, small businesses face seemingly insurmountable economic burdens. Commercial bankruptcy attorney, David Ritter, explains what the Small Business Reorganization Act of 2019 entails and how it can benefit small businesses in this time of crisis.

Ritter Spencer, PLLCNew Small Business Reorganization Benefits
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Marijuana Versus Hemp: Keeping Legalities Straight

As the legalization of cannabis and cannabis-related products continues to make progress, keeping legalities straight can be challenging. The rise of the cannabidiol (CBD) industry has also led to an abundance of misinformation online and in the media, making it harder for the average consumer to find the right answers to their questions. But cannabis, hemp, hemp derivatives, CBD, and marijuana continue to gain popularity, and it is important to fully understand what is legal and what is not. Below, we have put together a comparison between the legalities of marijuana and the legalities of hemp as a thorough examination and differentiation. 

Ritter Spencer, PLLCMarijuana Versus Hemp: Keeping Legalities Straight
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How to Avoid Bankruptcy: Restructuring and Reorganizing Your Business

Debts build up, cash flow changes, economies rise and fall, and uncertainties increase, and entrepreneurs and business owners may need to reevaluate their financial standing accordingly. However, running into financial trouble does not necessarily mean that a company needs to close shop and declare bankruptcy. Restructuring and reorganization strategies developed by an experienced commercial bankruptcy attorney give business owners more flexibility in finding a solution with their creditors rather than declaring bankruptcy.

Ritter Spencer, PLLCHow to Avoid Bankruptcy: Restructuring and Reorganizing Your Business
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What an Economic Downturn Can Mean for Small Businesses

We are in an unprecedented global situation as COVID-19 makes an impact in every industry across the country and around the globe. The economic consequences of nationwide quarantines, business closings, and other measures to control the spread of this virus will not be fully understood for many months. However, it is clear that the impact of the coronavirus and the market trends that preceded this outbreak will affect the economy and result in an economic downturn and change in federal laws. It is essential that business owners understand the potential consequences of an economic downturn and work with a commercial bankruptcy attorney up to date in federal law to effectively prepare their companies.

Ritter Spencer, PLLCWhat an Economic Downturn Can Mean for Small Businesses
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