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California closed your business to stop coronavirus, but that may help you terminate your commercial lease early

in Business

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.

Continue Reading on Northbay Business Journal

‘Can’t take anymore’: Sonoma County business owners brace for new stay-at-home order

in Business

SONOMA COUNTY, Calif. (KGO) — Farmer’s Lane Plaza in Santa Rosa is a more suburban version of Main Street USA where businesses plant themselves and try to grow.

That American dream in California became a bit more difficult today, thanks to Governor Gavin Newsom and COVID-19. With only 3.7% of intensive care beds still available, they’re likely to deal with the consequences of his stay-at-home orders.

“I am very frustrated,” said Rachel Sandoval of Salon Twelve. In the past year, she has endured multiple electrical shut downs, fire scares, and almost five months of being closed because of COVID-19 restrictions. Today, she learned that Governor Gavin Newsom is likely to end her year by imposing weeks more of them.

“Does the governor have credibility with you?” we asked.

Continue Reading on ABC 7 News

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