Buying and selling large assets is a normal part of growing your wealth. However, some additional complications and challenges come with these activities. Some common issues arise depending on the asset you are buying or selling. Knowing what they are in advance can help you prepare for them and hopefully avoid them or smooth out [...]
Sometimes, it isn't enough to state that you are trustworthy or financially capable of paying a loan back. You need an outside third party to validate your claims. Or you want to make a strategic decision and are unsure if it is right or legally allowed. You need an outside third party to validate your [...]
A record number of new business applications are getting filed, with 5.4 million submitted in 2021 alone. Yet, while the entrepreneurial spirit is inspiring, many of the people starting these businesses do not have the capital necessary to make their new venture a success. So, what is financing, and how can business financing help your [...]
A business partnership is one of the oldest forms of business. Essentially, it involves two or more people working together. One of the biggest benefits of a partnership is that it’s simple. You don’t necessarily need to pay income tax. Rather, profits made in the business are the responsibility of each owner and taxed within [...]
Banks make money by giving out loans at certain interest rates. The bank’s profit comes from the return it makes on those loans. Businesses need capital to fund their operations, but not all businesses have the cash to cover their expenses. Commercial loans offer a viable funding solution. Think of these loans as a [...]
Losing your tax-exempt status could have severe consequences for your nonprofit organization. Whether you are a member of staff or sit on the board of a nonprofit, it’s important to familiarize yourself with tax-exempt status and what could put that status at risk. Below, we outline 5 ways you can keep your tax-exempt status safe [...]
When it comes to renters, Florida has one of the highest populations in the country. Of the 19 million people living here, more than 2 million are renters. While the state boasts one of the largest populations of tenants, the landlord-tenant law in Florida is somewhat vague for landlords trying to get their rent. Knowing [...]
When your small business applies for a bank loan, and it’s approved, the loan agreement will likely contain loan or restrictive covenants. It’s simply a statement between lender and borrower stating that your small business can and can’t do certain things while you’re paying on the loan. If the bank considers your business high risk, [...]
