In today’s challenging environment, no one wants a costly business dispute taking their time and attention away from keeping their business operating. Worse would be litigation, which can be expensive, time-consuming and uncertain. One way to resolve business disputes...
Is it time to consider a new entity for your business?
As your business works to get through these hard times, you may wonder if you have structured your company in the most advantageous way. The question requires attention to the same issues you originally considered: your management style, your taxation preferences, and...
Fed: Main Street Lending Program will lend to small nonprofits
For the first time since the Great Depression, the federal reserve will be lending directly to some companies through its Main Street Lending program. The idea is to target businesses that were successful before the pandemic but which are now struggling. And, the...
Is it even possible to sell your business right now?
These days, many business owners are struggling. That does not mean that your business has no value. Even with setbacks caused by the lockdowns and COVID-19, your business could have a great deal of value to the right person. If you can keep it viable or close to...
Can you legally protect assets from future creditors?
Yes, as long as you’re not doing it to commit a fraud on those creditors. In periods of economic turmoil, we often see an increase in litigation by people and entities that are trying to regain some ground or who have the right to claw back ill-gotten gains. There are...
My supplier can’t meet their contract. What do I do?
The pandemic has brought a lot of businesses to a halt this year, and that can mean problems with your suppliers and vendors. If they can’t get you what you need to complete your contracts, you could be in breach. What options do you have if your supplier is in breach...
Has your business experienced insurance bad faith?
If your insurance claim has been unfairly denied, delayed or underpaid, there is a chance this was the result of bad faith on the part of the insurance company. If it is, in Texas you could be eligible for treble damages (three times your actual damages). Bad faith is...
Federal Paycheck Protection Program extended through Aug. 8
Could your company benefit from a loan from the Paycheck Protection Program (PPP)? The program was set to expire, but of the $660 billion allocated for the fund, $130 billion remained unspent. Meanwhile, businesses in the Metroplex and across America are struggling...
Dealing with your commercial tenants in the current tough time
The current health situation and other issues gripping the nation have impacted landlords of commercial real estate in Texas and across the U.S. Running any kind of business can be difficult, but when circumstances arise beyond the control of the business owner,...
