| Renegotiating a Commercial Lease |
| Today’s recession means that tenants are struggling to survive. To that end, many tenants are
seeking to renegotiate their leases as a means to further cut costs. However, landlords are
under increasing pressure to protect their rents and maintain occupancy in properties due to
impending mortgage payments, property taxes, insurance and other carrying costs. Each party
should take steps to protect themselves now and in the future. The landlord and tenant should
be prepared with information on current market conditions and the state of the tenant’s business
before entering into renegotiations....more |
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| Collecting on Past-Due Invoices |
Has your small business ever been in the situation where it has already provided goods or
services to a client or customer and many months later still has not received payment? During
these tough economic times, many small businesses have a difficult time collecting for the
goods or services they have already provided to their customers. After asking politely several
times for payment and receiving countless assurances that payment is “in the mail,” a small
business owner should have a reasonable option to ensure payment. ...more |
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| The Value of Forming a Legal Entity |
| Do you own a car, a house, cash, bank accounts, or other personal or real property? Do you earn
wages, 1099 funds, or receive other income? Do you have any personal net worth? If you answered
yes to any of the above, it is imperative that you form a legal entity for your business to protect those personal assets. If you don’t, you take the risk of losing all or some of your hard-earned personal assets in the event of business catastrophe....more |
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