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, [...]
Before you start a business in an industrial area in Florida, you need the proper licenses, permits, and regulations. While regulations vary from one industry to another, it’s important to understand the zoning and land regulations in the area where your business is to open. Failing to comply with regulations can result in a costly [...]
An attorney opinion letter is a formal piece of advice or an expression of judgment. It’s based on a professional’s expert knowledge. An opinion letter mostly refers to a document that contains an attorney’s understanding of the law. Whether you want to avoid costly litigation or correctly navigate your way through a current lawsuit, you [...]
With starting a new business comes optimism and hope. Dissolving a business, though, might or might not be a positive affair. It’s true that formally closing a business, in some cases, may just mean it’s time to move on to something else. Sometimes, though, a business has no other option but to end operations when [...]
Isn’t “Results Oriented” A Buzzword? What does it mean to be “results oriented?” On the surface, it sounds like a click bait phrase employed to make a simple idea--focus as a positive quality--into a multi-syllable buzzword. Unfortunately, a lot of so called professional blogs, sites, and social media pages are very “results oriented” when the [...]
How Can I Organize My Small Business? If you’re reading this, odds are you own a small business or you’re seriously considering starting one. You’ve probably spent years pulling together your initial funding, drafting a business plan, looking at commercial real-estate, and doing all the other myriad tasks required to get a new venture up, [...]
