Business Contracts in the Time of Coronavirus

As everyone’s lives are upended due to the coronavirus pandemic sweeping every corner of the world, business as usual seems almost impossible. For example, what about that seemingly rock-solid business contract you signed last fall? Performing as specified under it seems almost impossible now. So, what are business owners and managers like you supposed to do? To provide a bit of guidance in these uncertain times, we Read More

Employees vs. Independent Contractors: Differences and What They Mean for Your Business

In this hyper-connected, globalized economy and workforce, there have been massive changes to people’s money-making habits. It is extremely rare these days for one worker to stay at one job for more than a decade. Workers’ starting and ending their career with the same company happens far less frequently than in years’ past. This newfound mobility and flexibility has brought about the rise of the “gig economy,” in Read More

Business Owners Need to Read the Fine Print

Always get it in writing. You know that. But just as important is to read the agreements we sign. And yet, many of us really don’t. For example, when was the last time you carefully read an online agreement? You hastily click through the “next, next, next, submit” trying to get to the end of the document so you can get on with your day. And for the most part, that is perfectly fine. Unless your business requires Read More

Will You Get Property Tax Relief Due to the COVID-19 National Emergency?

Governments and even some private businesses have worked to ease the burden on people who are struggling financially due to the COVID-19 pandemic. For people who are concerned about losing their home after being laid off or seeing their business revenue plummet, programs have been established to offer rent and mortgage relief. While many will certainly welcome this news, homeowners might also be concerned about Read More

How Will Coronavirus Affect Contractual Relationships and Obligations?

The coronavirus pandemic has disrupted practically every aspect of American life. Whether closed by government order or by concerns about public safety, millions of businesses around the country have seen their operations come to a halt. Despite the overwhelming effect of COVID-19, it is not a certainty that an “Act of God” clause in a business contract will enable a party to ignore its obligations under the Read More

4 Types of Shareholder Disputes

Conflict in business is unavoidable. There will always be some amount of friction, no matter the amount of planning and contract negotiations you undertake. This inevitable consequence of being in business is one reason why various stakeholders of a company – no matter the company’ size – should draft and sign robust contracts before engaging in business. Nevertheless, shareholder disputes do occur; our firm has Read More

My Pre-Purchase Inspection Went Badly — What Now?

If you haven’t been there yourself, you have probably heard the horror stories. Property inspection — a critical part of any home purchase — can be fraught with surprise and disappointment. Buyers may enter a contract on a house, and let other houses go off the market, only to learn from the inspection that their dream home is in fact a money pit. Maybe there is a radon gas issue, the heating system is on its last Read More

5 Elements of a Strong Business Contract

The overall success of your business venture will be largely determined by how effective and robust the underlying contract is. Many companies and entrepreneurs gloss over certain contract provisions or altogether neglect to put the contract in writing. Verbal contracts may be legally binding and enforceable, but it will take a significant amount of effort and capital to prove its validity. More specifically, there Read More

Why You Need an LLC for Your Small Business

Who gets stuck with the tab when a small business is in the red? If you are a sole proprietor, running the enterprise without legally incorporating it, you do. All debts and other liabilities are your personal responsibility, and that means creditors can come after your home, your bank accounts, your car and pretty much anything else you own in order to collect. Every entrepreneur needs to consider the ramifications Read More

Ways You Can Maximize Your Commercial Property’s Value Before Selling

It’s no secret that when real estate is up for sale, whether it’s a home, building, office space, retail space, industrial space, or land, appearances matter. A commercial real estate transaction involves outward and inward appearance of the property in addition to the value of the business that owns the property. If you are gearing up to sell commercial real estate, a little work in the front end can dramatically Read More