On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Prior to that, the Families First Coronavirus Response Act (FFCRA) became law on March 18, 2020.
Congress passed these two coronavirus emergency aid packages to provide liquidity into the marketplace, direct assistance to businesses and workers, and paid leave benefits to many small business employees.
These two new laws contain both potentially burdensome requirements and financial opportunities for franchise businesses. Please go through the list of provisions below, read the details, and see what you may need to do.
Importantly, please use the below analysis as a guide. This is not legal advice and you should not regard it as such; you may consider retaining legal counsel to help you make decisions for your business.