Association – A Not So Perfect Fit Richard R. Thames Thames | Markey Jacksonville, Florida April 24, 2023 The Small Business Reorganization Act of 2019 (the “SBRA”), codified at 11 U.S.C. § 1181-1195, created a new subchapter of reorganizations, known as “subchapter...
Month: April 2023
Steps to protect your personal assets before declaring bankruptcy for your small business
One of the biggest concerns a small business owner may have when considering bankruptcy is the potential effects on their personal assets. Particularly as a small business owner, there may be an overlap between your personal and business finances. To take advantage of...
Resolving disputes between franchisees and franchisors with mediation
Most franchise agreements include provisions that spell out complete details of the partnership, from starting and operating the franchise to the right to use the franchisor's logo and trademark. It details responsibilities, territory restrictions if any, and fee...
What to avoid when your company files for bankruptcy
Sometimes when business owners are going through bankruptcy, they end up making errors that can affect the outcome of the filing. Business owners, particularly small to midsized businesses where the owners are often the operators, take the financial failures of the...
Bankruptcy exemptions that small businesses can claim
When filing for bankruptcy in the state of Florida, there are a number of exemptions available to help a business stay afloat and pay off creditors. These exemptions include the Homestead Exemption, Personal Property Exemption, Motor Vehicle Exemption, and Wildcard...