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Obtaining Small Business Loans Under the CARES Act

If you own a small business that is suffering from the economic downturn caused by the COVID-19 pandemic, you may qualify for financial assistance through the Coronavirus Aid, Relief, and Economic Security (CARES) Act. This federal law, passed in March 2020, provides $376 billion in pandemic relief money for American workers and small businesses — Read More

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Benefits of Converting Your Florida Business

For many reasons, it is not uncommon for business owners in Florida to alter the structure of their companies as needed. As revenues increase and your business expands, there will be new challenges and opportunities that simply cannot be addressed with the current structure. To help you prepare for a possible conversion, this blog will Read More

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An LLC Operating Agreement Isn’t Required by Law, but You Need One

What are the hazards faced by a small business? We can spot the obvious dangers: direct competitors, suppliers who could destroy our bottom line with a single price hike and of course, legal troubles. But just as often, there are dangers lurking from within. Disputes among owners or partners are common reasons for even a Read More

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Key Aspects of the CARES Act Provisions Authorizing Small Business Loans

Small business owners are necessarily prepared for various types of challenges, but what do you do when the government orders you to close for an indefinite amount of time? Unfortunately, the COVID-19 pandemic has put millions in this very difficult position. Even worse, it is still unclear in many places when authorities will allow businesses Read More

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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 Read More

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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 Read More

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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 Read More

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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’s size – should draft and sign robust contracts before engaging Read More

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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 Read More

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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 Read More

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