Single-Member LLCs and Operating Agreements A single-member limited liability company (“SMLLC”) is a one-owner business. The SMLLC is like a sole proprietorship, but having an LLC has advantages over operating a business individually, without filing for a...
Your business is having financial issues, cash flow is tight, and you have defaulted on your business loan. What happens next and how do you work out of this situation? Having a brief understanding of commercial loan workouts is important for business borrowers to be...
Technology was supposed to be the answer to the mountains of paper that go along with managing a business. But the digital files can form mountains just as high, or worse–get lost in the bottomless crevasses of your hard drive. Whether it is paper piles or...
Regarding purchasing a commercial property — whether it’s your first purchase or your tenth — be sure to follow these eleven best practices. It’ll save you time, and most of all, money. Purchase Agreement This is the single most important document that you can have in...
We’ve all been told that when purchasing a home, we should have a home inspection. It’s our opinion that it is not an option. Purchasing a home is generally the largest investment a person makes in their lifetime. Many home buyers lack the experience and...
If you are an active real estate entrepreneur, there is a high probability that one day, you will be involved in a lawsuit as either a plaintiff or as a defendant. There are many circumstances during the timeline of a lawsuit where a judge will issue an unfavorable...