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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...
Many small businesses in Florida struggle to keep their doors open during economic downturns. They want to save their business, but a traditional Chapter 11 bankruptcy may fail to meet their needs. Those who haven't been able to benefit from a Chapter 11 and were left...
If you have reached the point where you want to file bankruptcy for your business, you may not be able to cover all of your costs every month. Especially if you can no longer operate the company as you once did, choosing to close your physical location might be a...
One of the worst things about a business bankruptcy is letting down your employees, some of whom may have been with you since its inception. But reality must be dealt with, and the answer to that question is that they likely will not receive the wages they are owed...
Your business has been thriving -- and it’s outgrown your kitchen, garage or home office. It’s time to get your first commercial lease. Be careful, however. Residential renters enjoy legal protections that commercial renters don’t. In general, commercial landlords and...
The general public often assumes that a business bankruptcy is the same as closing a business. There are various terms used, from “going under” to “shutting down," but the implication is usually the same: The company has failed, and bankruptcy is just one step on the...
Even though your business is facing bankruptcy, you hope to rebuild. You have a plan in place, and you expect to come out of the process better than before. A preference claim from the trustee in your bankruptcy case could pose a serious issue, however. Understanding...
When you were pulling all-nighters in medical school and working round-the-clock shifts during your residency, you probably never expected that once you had an established practice, you could face financial problems. Even if you were never in the medical field for the...