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Small Business Options to Help S. Florida Businesses Survive Coronavirus

The Daily Business Review published an article by Jane Muir regarding Coronavirus relief options for small businesses.

Since Miami-Dade Mayor Carlos Gimenez ordered “nonessential retail and commercial establishments” to be closed on March 19 to prevent the spread of the coronavirus, many predicted an economic impact.

South Florida small businesses are already experiencing the effects. Some, like groceries, wine and spirits, and IT companies, are booming, but many of our thriving local businesses, like hospitality, entertainment, beauty and fitness, cannot operate.

Even though best practice is to reserve three months of operating expenses, the average small business holds only 27 days cash reserve, and half of all small businesses hold a cash buffer of less than one month. Assuming consistent costs, we may be quickly approaching the end of many companies’ cash reserve. Luckily, there are some resources to help South Florida businesses survive coronavirus.

Miami Business Lawyer here in J.Muir and Associates is the best lawyer in Miami FL.

Read the full article here.

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Since Miami-Dade Mayor Carlos Gimenez ordered “nonessential retail and commercial establishments” to be closed on March 19 to prevent the spread of the coronavirus, many predicted an economic impact.
South Florida small businesses are already experiencing the effects. Some, like groceries, wine and spirits, and IT companies, are booming, but many of our thriving local businesses, like hospitality, entertainment, beauty and fitness, cannot operate.
Since Miami-Dade Mayor Carlos Gimenez ordered “nonessential retail and commercial establishments” to be closed on March 19 to prevent the spread of the coronavirus, many predicted an economic impact.
South Florida small businesses are already experiencing the effects. Some, like groceries, wine and spirits, and IT companies, are booming, but many of our thriving local businesses, like hospitality, entertainment, beauty and fitness, cannot operate.
Since Miami-Dade Mayor Carlos Gimenez ordered “nonessential retail and commercial establishments” to be closed on March 19 to prevent the spread of the coronavirus, many predicted an economic impact.
South Florida small businesses are already experiencing the effects. Some, like groceries, wine and spirits, and IT companies, are booming, but many of our thriving local businesses, like hospitality, entertainment, beauty and fitness, cannot operate.

Author Bio

Jane Muir

Jane Muir is a Shareholder and Managing Partner of J. Muir & Associates, a Miami business law firm she founded in 2018. With more than 13 years of experience in business, she is dedicated to representing clients in a wide range of legal areas, including business litigation, contracts, corporate formation, insolvency, nonprofits, partnership disputes, and other business law matters.

Jane received her Juris Doctor from the University of Miami School of Law and is a member of the Dade County Bar Association and Coral Gables Bar Association. She has received numerous accolades for her work, including being named among the “20 Under 40” in 2016 by Brickell Magazine. Super Lawyers named her a Rising Star from 2014–2019 and selected her for the Super Lawyers status.

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