How Can a Business Owner File for Bankruptcy?
As the owner of a business in great financial ruin, you may feel you have no choice but to file for bankruptcy. Read on to discover more.
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Can I Include My Business Debts in Personal Bankruptcy?
You may be curious whether you can declare your business debts simultaneously with your personal bankruptcy. Read on to discover more here.
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How Can Bankruptcy Affect My Business Partners?
You may be nervous about how your bankruptcy filing may affect your business and business partners. Continue reading to learn more.
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Can I Save My Business by Filing for Bankruptcy?
When your business is in debt, your livelihood may be at stake. Here, you may save it with a business bankruptcy filing. Follow along here.
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What Are the Different Types of Business Bankruptcy?
Continue reading to decipher between the different types of business bankruptcy and how a Rockland County attorney can help you.
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How Can Debt Restructuring Help My New York Business?
Follow along to learn more about debt restructuring and how a Rockland County business debt restructuring attorney can guide you.
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Subchapter 5 vs. Chapter 7 vs. Chapter 11 Business Bankruptcy | What is the Difference?
As a business owner, you hope that you can develop a successful business that makes a profit, but sometimes things don’t go as planned. If you are looking to file for bankruptcy, it may be difficult to decipher which type will best get you out of your unfortunate situation. Continue reading to learn the differences […]
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My NY Business is in Debt. What Should I Do?
If you are a business owner, your business is most likely one of your most significant assets, if not the most significant asset you own. That being said, even profitable businesses can incur some financial hardship, and in some cases, business owners may find themselves in debt. If you’re currently in debt and are looking […]
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The Worst Business Advice…Ever
I have seen many books and articles on how to create your “successful business.” Many are filled with quaint and pithy sayings that are actually the worst business advice that one can follow. “Do what you love.” No, do what you are good at while making a good living. Remember, the goal of a small […]
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Building Credit for your Small Business
A good credit score for your small business is just as important as a good personal credit score. Achieving a good credit score for your small business will allow you to obtain capital to grow your business, determine whether suppliers will extend good credit terms to you, and will affect your business insurance premiums as […]
Read MoreChoosing Your Business Structure
When starting a business, the first question you ask is “What type of business structure do I want to create, a corporation, an LLC, or a partnership?” From a legal point of view, I am only concerned with a company’s liability protection. Most times I refer this question to the business owner’s accountant. The business […]
Read MoreExpanding Your Business
As both a bankruptcy attorney and business lawyer, I see both the successes and failures of small businesses. Many new entrepreneurs cannot resist the urge to “make it big.” I had a client who started a limousine company. He had been a driver for many years and really did know the ins and outs of […]
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What Should I do if my Business is Currently in Debt in NY?
If you are a business owner here in New York State, you most likely have a lot of competition, no matter how unique or special your business is. With this in mind, accompanied by the fact that the COVID-19 pandemic has had a drastic impact on business throughout the United States, you have a lot […]
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Biden Administration Expands Paycheck Protection Program to Reach Smaller Businesses
Starting on Wednesday, February 24, 2021, businesses with fewer than 20 employees are now granted a two-week period to apply for loans under the Paycheck Protection Program. This is great news for many smaller, minority-owned businesses who were unable to access loans from this program in the past. In this two-week period, businesses with more […]
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Eligibility For The PPP Has Been Expanded
Over the past few months, the country, and especially states such as New York, New Jersey, Florida, and more, have been pummeled by the coronavirus. Not only has the virus taken a significant toll on our physical health, but also on our economic health. People across the U.S. are now jobless, even as the virus […]
Read MoreWhat You Need to Know About Chapter 7 Business Bankruptcy
There are few things more stressful for a business owner then accruing debt. That being said, if you are a struggling business owner, you may have certain options available to you. One of those options is known as Chapter 7 business bankruptcy. However, before making the move to Chapter 7, you should hire an experienced […]
Read MoreWhat You Need to Know About Chapter 11 Business Bankruptcy
If you are a business owner but are in debt, there is a good chance you may qualify for Chapter 11 business bankruptcy. Chapter 11 business bankruptcy allows you essentially to restructure your debt over a 5-year plan, all while keeping your business running and employees on staff. With a business bankruptcy, creditor activities will […]
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An Additional $320 Billion For PPP Signed Into Legislation
On Tuesday, April 21, 2020, the U. S. Senate passed an interim funding bill that gives businesses and non-profit organizations an additional $320 billion for the Paycheck Protection Program, and on Thursday, April 23, 2020, the House of Representatives approved the funding, and the legislation was signed by President Donald J. Trump the next day. […]
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Business Lingo for Small Business Owners
Every small or large business owner should be familiar with the following terms. Why? Because at least twice a year (or even monthly) you should review your company’s financial health, using these terms as your checklist: Accounts Payable is money your business owes to other businesses for outstanding invoices for goods and services. Accounts Receivable […]
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Do I need insurance for my business?
Anyone can plan a business if they have the motivation and passion to do so. There are many different endeavors that they can undertake. This can involve a big staff or a small group of trusted friends. Forming a business can involve a lot of planning. Owners should make sure they have everything order to […]
Read MoreHow can my business work to cut costs but still make a profit?
When a business is struggling financially, one of the major reasons that it may be having a hard time is because of too many overhead costs. If a business owner is looking to reduce the costs of running a business, they may have to consider laying off some employees. However, this can be a difficult […]
Read MoreWhat should I know about a franchise agreement?
When an individual decides that they would like to pursue their options as a franchisee, it is important to consider the many rules and regulations that the Federal Trade Commission has put in place for these types of businesses. Before someone decides to sign a Franchise Agreement, they should have it looked over by an […]
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Toys R Us to Liquidate all U.S. stores
Toys R Us has been struggling to stay afloat for the last few years and it just announced that it will either sell or close all of its stores throughout the United States. The company announced its decision to liquidate on March 15, after nearly 70 years in business. The company did not actually file […]
Read MoreAmerica’s Largest Radio Companies Facing Bankruptcy
The way in which people consume media in the United States and across the world has dramatically shifted over the years. Before most households had access to television, people relied on the radio as a source of information and entertainment. Even now, many people still tune in to their favorite radio shows whether it is […]
Read MoreHow Do I Start an LLC in New York?
A limited liability company, commonly referred to as an LLC, is a corporate structure in which the members of the company may not be held personally liable for the company’s debts or liabilities. A limited liability company can be formed by filing Articles of Organization with the Department of State. Some requirements of forming an LLC […]
Read MoreWhat do new business owners need to know?
The best advice I can give to somebody starting a new business is to talk to your peers and seek expert advice. A lot of prospective business owners think that they will go into business, see how the business runs, and then they will do all the things they need to do for their taxes […]
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Starting a new business? Don’t go it alone
Starting a new business? Don’t go it alone. I always recommend to my clients who are starting a new business to speak with anyone he/she knows who may have good experience and advice to give you before you open your new business. Speak to people who are in the same business. They may be friends […]
Read MoreDeveloping Relationships with Suppliers and Vendors
Developing Relationships with Suppliers and Vendors: Most business owners know the art of developing relationships with their present and new customer base. However, your connections with suppliers and vendors are also vital to your business’s success. Without your suppliers, you will lack the raw materials needed to operate your business and provide your product or […]
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