Writing off bad business debt should always be a last resort. Not only will it hurt your bottom line, but it will also hurt your company’s overall ongoing profitability. If you are struggling to collect payment for your account receivables, contact an attorney for legal advice and gui
There are several reasons small businesses should consider restructuring their business’s legal entity. For example, taking the necessary steps to legally change your corporate status can allow owners to achieve greater personal liability protection or, resolve ownership conflicts bef
Selling a Lazy Business When founding a business, most owners do not generally think about selling it one day. Their main focus is usually getting the business up and running, and trying to make a profit. However, building a business to sell requires you to shift your focus to maximiz
Where are your customers? That’s a good question. If you are not diligently tracking where you acquire your new customers, then you may not be fully maximizing your marketing dollars. I personally know several business owners who consistently acquire new customers, but if pressed, can
Selling a business is a celebratory milestone for most business owners. It reflects the hard work you have put into making a business idea manifest into a profitable company. As a business planning attorney, I have provided legal advice and guidance to many business owners during the
Smart business owners know that their important managers, leaders, and key employees will eventually leave their company and will take the right steps (before it happens) to minimize the ripple effect it causes. Business planning attorneys often advise business owners, partners, and l
STUART, Fla. – Local attorney Brandon Woodward has been named the Small and Solo Practice Chair for the Martin County Bar Association. The Martin County Bar Association (MCBA) is a voluntary bar association dedicated to serving Martin County’s legal community. Their membership o
The Department of Labor has initiated a new policy endorsed by President Barack Obama that would increase the Fair Labor Standards Act of 1938 (FLSA) overtime threshold to $50,440 per year. 5 million Americans are expected to be affected by this new rule during the first year of imple
As a small business owner or manager, you may be wondering what type of impact Greece’s financial crisis will have on your business. From a decrease in imports and exports, Greece’s unstable economy has impacted financial markets worldwide. In particular, if you are in the trave
Most entrepreneurs who start a business do not initially think about selling it someday. Entrepreneurs primarily concentrate on getting their business up and off the ground. Well, in addition to creating a successful startup, entrepreneurs should consider an exit strategy that involve