Most franchise systems are facing severe financial impacts as a result of the continued spread of COVID-19 and the numerous government-mandated shutdowns that have been ordered by state and local officials in response.

Local Marketing Solutions Group, Inc. (LMSG) President and CEO Al Croke announced today the acquisition of the assets of direct marketing company Money Mailer, based in Cypress, CA. LMSG named long-time franchise-operator and board advisor Tom Baber as an investor and company CEO to lead the company on a purpose-driven mission to enable Money Mailer franchisees to help Main Street small and medium businesses quickly recover and thrive in the post COVID-19 economy.

Vice President and General Counsel for Childrens Lighthouse Early Learning Schools℠, Stephanie Russ, comments on the brand’s response to COVID-19.

Franchise systems are facing unprecedented upheaval in the wake of the COVID-19 pandemic. Franchisors are currently responding to a myriad of challenges confronting their franchise systems.

This webinar provided a summation of recently passed federal legislation (the FFCRA and CARES Act) that affect lending facilities to businesses, as well as newly formed Human Resources implications for franchise businesses. The panelist discussed the ways that these new laws affect businesses, with a particular focus on family medical leave and paid sick leave provisions, and their eligibility requirements. Additionally, the panelists discussed best practices for dealing with the public health implications of Covid-19 in the workplace.

In this stimulating and health-focused webinar, Greg Nathan, a registered psychologist and IFA member discussed managing the impact of coronavirus on mental and physical health, as well as on business and personal relationships. Mr. Nathan took a step-by-step approach to actions to be taken that improve mental attitudes, routines, and structures to lessen the anxiety produced by the change and uncertainty induced by Covid-19.

This webinar, featuring returning panelists, outlined changes and updates in negotiating between tenants and landlords given Covid-19-related business uncertainty and slowdowns. The panelists detailed the challenges being faced by both tenants, and landlords, and provided a step-by-step for action by tenants, and guidance on how and what to communicate to landlords. The panelists also discussed the opportunities on the other side of the pandemic crisis.

Attorneys from Lathrop GPM outlined types of relevant business insurance that cover franchise businesses, as well as coverage issues that might come into play as businesses seek to claim against losses incurred by the COVID-19 pandemic. The panelists outlined the typical provisions of business insurance, as well as possible exclusions to coverage. The panelists underscored the need to make your claim, document losses, and seek qualified counsel on business insurance.

This webinar discussed IFA’s role in correcting the Qualified Improvement Property (QIP) provision via the recently passed CARES Act, as well as laid out the technical details of the QIP fix and effects for small businesses. Panelists both explained the requirements of what is QIP, as well as how to claim bonus depreciation.

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