Exporting products to foreign markets was once something reserved for large corporations with extensive resources. However, in today’s business environment, many small business owners are looking for the opportunity to expand their market reach and to truly participate in the global economy. This is becoming more and more feasible for small businesses with rapid advances in technology and communication. However, there is still a learning curve and certain capital investment required to export profitably.
We’ve all heard stories time and time again from our friends and families about their cosigning mistakes. We may hear of a friend who cosigned on a loan for his girlfriend, they broke up, she stopped paying, and it destroyed his credit, or, maybe a parent stepped in as a cosigner for a child with no established credit for his first car and ended up making the payments.
A “liquidated damages” clause in your business contract is a legal tool that can be very advantageous.
“DBA” stands for “Doing Business As”, and can be abbreviated DBA, dba, d.b.a. or d/b/a. It is also known as an assumed name, fictitious name, or trade name. An individual or a business entity can obtain one or more DBAs.
If you are a small business owner, you’ll be sure to benefit from the recent extension of the Section 179 expense deduction.
So you’ve gone through the trouble of getting a judgment against someone who owes you money for whatever reason: because you’ve loaned money that wasn’t repaid, because a poor job was done in constructing the addition on your home or because you were caused injury and there was no insurance to cover it. Your troubles are over right? Think again.
Banks, credit card companies and other businesses use credit scores to estimate how likely you are to pay back money you borrow. A higher score makes it easier to qualify for a loan or lower interest rates. Many scores range from 300-850 but each company may use different ranges.
When making any kind of financial decision, it can be easy to get overwhelmed. You can save yourself from regret later by following the acronym SAVED:
The law provides a number of general rules that govern contracts and dictate when and where lawsuits or arbitration proceedings may be brought when they are based on a breach of contract. However, the parties to a contract can specify certain parameters which will trump the general rules. Here are five strategic clauses that one should consider including in a contract to control when, where, and how a claim for breach of contract may be brought:
Whether you are just opening your doors, or have a well-established restaurant, you can agree that the legal and regulatory requirements of running your business are a big part of day-to-day operations.