This has been a terrible year if you own the kind of business governments have made unlawful for you to operate, yet your lease still obligates you to pay rent.
For many businesses, Black Friday and the period through Dec. 31 have been when the business can go from a losing year (in the “red”) to a profitable year (in the “black”). But that period will not save your business if coronavirus public policy makes it completely unable to operate (see “The List”). And with the current COVID-19 surge and the uncertainty of further government assistance, the situation may not get any better anytime soon.
However, there is a strategy that could enable you to stop the bleeding and restructure or terminate your commercial lease now.
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