Risk Management Planning
Business COVID-19 Crisis Management
“As the situation continues to evolve, it is becoming clear that the threat of widespread transmission of COVID-19 could have severe economic impacts on small businesses and the U.S. economy as a whole. For this reason, we urge you to take immediate action to ensure that small businesses and their employees are equipped to prepare for, and respond to the anticipated spread of COVID-19, in order to reduce both short-term and long-term disruptions.” Washington, D.C. — U.S. Senators Marco Rubio (R-FL) and Ben Cardin (D-MD)
Whether we have prepared, panicked, or simply ignored the threat, Coronavirus is here. The hopes are that this pandemic will quickly fade. But even if it does, the next devastating, yet-unnamed outbreak is not so much a matter of “if” but “when.”
The steps below can help you understand your exposure to COVID-19, and more importantly position your business to be resilient in the face of this and the next global threat.
Immediate Actions
Long-term Actions
Restructuring Considerations
Tax Considerations
Financial Effects
Alliance 1099 LLC will help you through each of these areas of concern. Stay tuned for events addressing these topics and more.
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