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Posts Tagged ‘legal advice’

Reduce Your Small Business Legal Costs

by Steve Strauss on October 6th, 2009

Q: In all of your years of representing businesses as a lawyer and giving small businesses advice, you must have come across some good, cheap strategies that businesses can use. If so, can you share them? Ira A: If I think about it, there are definitely some strategies I have learned along the way – legal and otherwise – that are inexpensive while also making your business life easier. Some are well known, others are not, but all can make a difference. And of course, being the lawyer I am, let me note that nothing beats meeting with your own... Read more »

What to Do When Your Suppliers and Customers Go Under

by Barbara Weltman on August 26th, 2009

What happens to you if you’re owed money? What if they file for bankruptcy? What legal protections do you have and what action must you take? Find out what steps to take and how to avoid problems. Some companies are closing their doors, some consumers are filing for bankruptcy protection, and many small businesses that sell on credit are concerned about receiving payment—for good reason. Understanding bankruptcy If a company or person files for bankruptcy protection, most unsecured creditors stand at the back of the line; they’re lucky to receive pennies on the dollar. Some creditors may gain special status... Read more »