Turning Challenges Into Solutions
If you own a business and your company and/or personal debts are no longer manageable, you may be wondering whether filing for Chapter 13 bankruptcy is a viable, strategic option. Chapter 13 bankruptcy is available only to individuals, not businesses. However, if you...
Entrepreneurs have several decisions to make when they’re starting a new company. One of these is what type of business structure to use. For a new small business, one option that’s present is a limited liability company (LLC). An LLC is a rather simple business...
The United States economy is built on one party providing a good or service to another party with the expectation of compensation. More expensive items may take a little longer to make full compensation. Business owners understand this and are sometimes willing to...
When facing financial challenges, business owners may consider liquidating their company. This approach involves complex legal and financial considerations. Understanding the nuances of liquidation and restarting a business can help you navigate this process. What...
You miss a mortgage payment, and you start worrying about foreclosure. You mention to one of your friends that you are concerned that you may lose your home in the future. You know that the foreclosure process takes time, so you will not immediately lose your house...
Businesses and individuals sometimes need to take a firm stance against another entity that’s infringing upon their rights. One option that might be used is the cease and desist letter, which is commonly used for intellectual property disputes or harassment. The...
If you are currently running your business alone, you will no doubt have found that this comes with certain limitations. You could just take on one or more employees to help, but you might also consider taking on a business partner. Here are three of the most popular...
People who have high debt obligations may find themselves struggling to make regular payments. As a result, the debtor may miss payments, face high interest and late fees and be hounded by debt collectors. All of these issues could go away after filing for bankruptcy....
Protecting your estate is essential to preserve your assets for your heirs. You can use several strategies to safeguard your wealth. These strategies can help minimize the risk of losing it to creditors or legal claims. Establish trusts One effective way to protect...
A trademark is any distinctive name, slogan, logo, image or other identifying mark that serves to represent a brand and distinguish it from its competition. Some common trademarks that are instantly recognizable to most people are the Nike “woosh,” the McDonald’s “M”...