The Gourjian Law Blog

Are SBA Loans Dischargeable in Bankruptcy?

According to the Washington Post, about 70 percent of small businesses have applied for a CARES Act loan. Even though the majority of applicants have not yet received loan proceeds, hundreds of millions of dollars in loans have in fact already been...

IRS Extends Deadlines for Section 1031 Exchanges and Opportunity Zone Fund

Due to the Coronavirus (COVID-19) pandemic, the IRS has extended certain deadlines for Section 1031 exchanges and Opportunity Zone Funds. Pursuant to IRS Notice 2020-23 the deadlines for the 45-day identification period in which the taxpayer must...

Covid-19 - Is Rent Still Due?

As we navigate through these trying times, Gourjian Law Group has been receiving calls daily asking whether the COVID-19 pandemic constitutes a “force majeure” event that would excuse or suspend the performance of any obligations under a lease.

Coronavirus - Small Business Bankruptcy?

Social distancing is a responsible way to avoid contracting viruses, but it creates a financial strain on small businesses. Health and safety is the main priority in this time of crisis, and businesses must adhere to their best practices. However,...

Trusted Advisor 2020 Selection

Gourjian Law Group is delighted to announce that founder, Varand Gourjian, was selected as one of the trusted advisors by Business Life magazine.  In this edition, thirty business advisors were asked to share their vision and explain what's involved...

Hotel Indigo - Our Latest Commercial Real Estate Success

Hotel Indigo, a planned new hotel for Glendale, passed its first design review hurdle in mid-January when the Glendale City Council members approved the site plan. Members of Gourjian Law Group, headed by the firm's founder, Varand Gourjian, helped...

Assembly Bill Squeezes the Freelance Market

In September 2019, Governor Gavin Newson signed a new employment law which will give some freelancers exemptions while leaving others out to dry. The law requires most companies to reclassify contract, freelance, and contingent workers — the...

Industrial Parks, the Next New Marketplace?

Glendale is undergoing a renaissance. Just over a year ago, the City Council gave the okay to build the Loop 303 Corridor. Since then, Redbull decided to open its first manufacturing facility in North America with an investment of over $280 million...

Mishandling Non-profit Funds Leads to Chapter 7 Bankruptcy

Even the most virtuous people may have to file for bankruptcy. The former head of the L.A.-based anti-poverty nonprofit, Youth Policy Institute, recently filed for bankruptcy in 2019. This process can be difficult and strenuous on anyone and there...