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The year 2020 ushered in many problems for business owners in Jacksonville, Florida. These issues continue to affect local companies, making it hard for them to remain in business. In some cases, the only solution for these problems is to file a Chapter 11 business...
You can see the writing on the wall. For reasons out of your control, your business is going to have to close its doors. You have more debt than you can afford. You’re going to need to use bankruptcy to get out of it. For a business owner, this can be a very difficult...
Negotiating a commercial lease can be an important step for business owners. Your lease may last for years and could tie you to a property even after your company continues to grow and needs more space. The long-term lease often required to secure a commercial space...
When people think about bankruptcy, they often assume that it’s a sign of poor business moves and transactions. They might think that a bankruptcy is negative for a business, too. The reality is that bankruptcy can be good for a business. In fact, if sudden changes in...
A failing business can feel like the world is on your shoulders. After so many years of investing time, energy and resources into a business, it is difficult to even say the word "bankruptcy." Maybe the business can be saved by negotiating with those that are owed, or...
Signing up for a franchise can be an excellent opportunity to piggyback your business on someone else’s success. Yet, as many people have found out to their cost, it can also come with many problems. Franchise agreements can be complicated and full of clauses that...
Chapter 7 bankruptcy is an important tool for people facing insurmountable debt. When the monthly costs and expenses exceed the monthly income, when collectors are calling regularly and when you are trying every month to figure out which bills not to pay in order to...
When many people start a business, they don't want to have personal liability for the company's debts or lawsuits. An LLC or corporation prevents creditors or those injured by defective products from bringing claims against you, your assets or your future income....
Finding commercial space and negotiating a lease for it can take time and effort. That's why it's critical that you start engaging in that process as soon as you decide it's time to open your first business locations. However, negotiating a commercial lease can be a...
Bankruptcy has provided effective debt relief solutions for many businesses in Florida, but is it right for you? Before making any important decisions about the future of your business, learn all you can about the bankruptcy process. Here are three common...