Chapter 7 vs Chapter 11: Breaking Down the Differences

According to recent research, 58% of U.S. small business owners are currently worried about permanently closing their doors. As of July 31 2020, around 800 small businesses had already filed for Chapter 11 bankruptcy this year. What does Chapter 11 bankruptcy mean, and how what is Chapter 7 vs Chapter 11? Today, we’re breaking down the key differences between Chapter 7 vs Chapter 11 filings and what they mean for today’s business owners.  What is Chapter 7 Bankruptcy? Chapter 7 bankruptcy is also referred to as liquidation.  When you file this way, your business assets are liquidated as a way to resolve...

Brexit Impact on Florida

The United Kingdom is about 4,300 miles away from the state of Florida, so you’re probably wondering why Floridians should care how Brexit impacts them. There are actually more impacts than you might anticipate, though, given the strong tourism industry in Florida.  If you want to learn more about the Brexit impact on Florida, this is the right place. Read on to learn more about how Brexit will likely impact tourism and imports and exports in the Sunshine State. What Is the Status of Brexit?  Before we get into the specific impacts on Florida, it’s important to understand where Brexit stands....

Pet-nup: Including Pets in Pre-nuptial Agreements

Do you have a pet? Are you getting married? If you answered yes, it’s time to consider a pet-nup, which is the pet clause within a prenup.  In the event of a breakup, it’s always good to have something in place to minimize conflicts in the courtroom and added strife over an already painful experience.  So if you have a dog and you’re getting married, lawyers recommend deciding on who keeps the dog before you get married so that if you happen to get divorced later on, Fido is taken care of.  There are a few benefits of having a petnup,...

How to Avoid Business Bankruptcy

Over 100,000 small businesses have closed since COVID-19 began and many of them (over 70%) are worried about the long-term financial impacts due to closures during the pandemic. If you are a business owner and are trying to avoid bankruptcy so you can keep your business afloat, read on. We have some tips to help you avoid this. Read on to learn more.  Business Restructuring Restructuring your business is an option you can take to avoid bankruptcy and get out of financial distress. This gives a business the flexibility to find ways to stay afloat without closing or declaring bankruptcy. Working closely...

The Basics of Registering a Trademark

If you run a business where you sell goods or services, you’ve likely considered registering a trademark. A trademark can protect your product name, logo, or a symbol that you frequently use. Not only does a trademark help your business, but it can also protect your customers by allowing them to easily identify your brand over a competitor’s. If they recognize your trademark, they can confidently purchase your product or service without worrying about confusing it with another brand. The process of registering a trademark can seem intimidating at first, but if you follow the steps outlined below and seek...

Working From Home Laws: Are You Breaking the Rules?

Collectively 44 billion dollars is saved by companies who allow remote work even on a part-time basis. Working from home is not only convenient, it can also save your business money if done right. However, as an employer it’s not just as simple as sending people home to do their jobs remotely. There are rules and laws that you must abide by in order to stay on the right side of the law. Here is a look at everything that you need to know about working from home laws. Have a Clear Telecommuting Policy You need to have a clear work from...

Is Now the Time to Move Your Business to Florida?

Whether you are starting a new business venture or looking to move your business operations, the State of Florida offers many different advantages. Business leaders today must be more mindful than ever about the affects state lines can have on bottom lines.  Situations Around the World Make Florida Attractive for Corporations Recent news stories highlight difficulties facing business owners globally. Business owners in Hong Kong are facing much tighter security laws. These simply make doing business there more difficult. Other countries like Turkey are instituting similar restrictions on a number of different businesses. In the UK, citizens recently had to...

Advantages and Disadvantages of a Coronavirus Liability Shield

It’s not news that small businesses are struggling under the impact of COVID-19. However, another threat is looming on the horizon: A flood of pandemic-related exposure lawsuits. Any restaurant, religious institution, small business, or educational facility that provides care or services may face severe legal proceedings. If any customer, member, or visitor of these institutions can trace coronavirus exposure to their doors, these businesses could find themselves in need of legal assistance. Many small businesses hope that either the U.S. Government or their state lawmakers will step in to grant them immunity from these types of lawsuits. This type of...

The Rise of Private Trials During Covid-19

Hundreds of thousands of cases take place in the public federal courts in the United States each year under normal circumstances, with state courts likely accounting for millions more. However, the circumstances we’re currently living with are not normal ones. The COVID-19 pandemic has left public court proceedings restricted in some areas and entirely impossible in others. However, the need for access to the courts is largely the same as it ever was. Many people have had to seek alternatives, with private trials emerging as one popular solution to this problem. Read on to learn more about private trials, and...