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Dentallabnetwork.com
Dental News
Practical and Useful thoughts about our situation during this Pandemic
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<blockquote data-quote="TheLabGuy" data-source="post: 317810" data-attributes="member: 126"><p>Honestly, you have to do damage control at this point. If you have employees, you unfortunately have to lay them off. Don't terminate there employment due to they can receive federal funds if temporary laid off versus terminating them. No honor in trying to keep them on payroll if they have nothing to come back too. Financing a loan, they are out there but at this point I'd hold off, interest rates and it may be awhile. Also, I have a feeling they will come out with grants at some point. Many mortgage and landlords will work with ya...just ask them. Some here had there accountants make them corporations. You can lay yourself off. I have a feeling you fine folks still working won't see many of your Docs pay there lab bill next month...keep that in mind. I would hope they would but I doubt it. Just some business thoughts running around in my mind, please share if you have more to add.</p></blockquote><p></p>
[QUOTE="TheLabGuy, post: 317810, member: 126"] Honestly, you have to do damage control at this point. If you have employees, you unfortunately have to lay them off. Don't terminate there employment due to they can receive federal funds if temporary laid off versus terminating them. No honor in trying to keep them on payroll if they have nothing to come back too. Financing a loan, they are out there but at this point I'd hold off, interest rates and it may be awhile. Also, I have a feeling they will come out with grants at some point. Many mortgage and landlords will work with ya...just ask them. Some here had there accountants make them corporations. You can lay yourself off. I have a feeling you fine folks still working won't see many of your Docs pay there lab bill next month...keep that in mind. I would hope they would but I doubt it. Just some business thoughts running around in my mind, please share if you have more to add. [/QUOTE]
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Dental News
Practical and Useful thoughts about our situation during this Pandemic
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