The Latino Small Business Boom
According to the U.S. Hispanic Chamber of Commerce, there are 4.4 million Latino-owned businesses in this country that are responsible for the injection of over $700 billion into the U.S. economy. In the past year alone, the average annual revenue of those businesses spiked by 26.5%, while the number of credit applications jumped 22%. The […]
Strategies for Recovery from a Business Downturn
Successful business owners do not accept failure or defeat. If their business falls on hard times, they re-think and strategize. When sales and profits are lagging, they are proactive. This is a list of common strategies for consideration:ReinventionCall it reinvention. Call it adaptation. Either way, you must be ready to shift gears when you are […]
Three Ways a Family Business Can Stay Competitive in the Digital Age
How does a family business stay competitive in the digital age? The family business has had to remain competitive long before the digital age and will continue to do so in any age to come. Times have changed and so have families, but these three advantages will help ensure the success of the family-owned business […]
Bankruptcy and the Automatic Stay
The moment a bankruptcy case is filed, a federal injunction is automatically entered to protect the debtor and his property. This is called the automatic stay. A defendant declares bankruptcy to avoid a bad situation before it gets worse. As soon as this happens, the automatic stay prevents anyone from pursuing the lawsuit against the defendant. […]
Conflict Resolution for Business Partnerships
When two people get married, it is referred to as “tying the knot.” That knot is a symbol of a bond not to be broken. In a business partnership, a knot is often a point of disagreement that impedes the flow of the operation of the business. Partners become at odds with one another and […]
Why Do Business Owners Hire Business Law Attorneys?
Business owners hire business law attorneys to prevent problems and protect their business. It is a function of smart business planning, just like marketing, sales and staffing. The sooner a business owner can hire a business law attorney, the more potential trouble can be avoided. Once a business owner hires a business law attorney, specific subjects […]
What to Look for in a Business Law Attorney
It is important that you know why you are retaining The Law Office of H. Benjamin Sharlin LLC as your business law attorney. If you own a business and require the services of an attorney, there are certain criteria you should be looking for. Schedule an appointment, and I will be happy to answer your […]
Establish Your Business with an Operating Agreement
You have finally decided to start your own business. Now, it is time to choose a business structure. Many small business owners protect themselves by forming an LLC, or limited liability company. Regardless of which structure is chosen, one key document is necessary to establish the operation’s rules and regulations. It is called an operating […]
The Ins and Outs of Buying an Established Franchise
While most entrepreneurs buy and build a franchise from the ground up, some choose to invest in a franchise that is already established. Is there a difference? There certainly is and familiarizing yourself with the ins and outs of buying an established franchise is essential before making such a substantial decision. Also Read 5 Legal […]
Understanding Partnership Disputes
It is one thing to own a business. It is a whole other matter to share ownership of a business. Business partners will always be prone to disputes. At the very least, there are fiduciary duties and obligations that partners have to one another and to the business itself. Partnerships also tend to be personal […]