A controversial topic for years, the question whether to legislate mandatory tax collection for all online purchases has come to the forefront once again. Dissatisfaction on the part of local retailers and state governments who feel that they have unfair competition and smaller coffers respectively has fueled the latest visitation on this topic.
Navigating business debt and a lease
Commercial evictions can occur in much less time than a residential eviction. If you start falling behind on the rent on your business location, you need to work fast. You will need to take a thorough and honest look at your business, its daily operations, prospects and the ability to bring more capital to the table.
Unsecured business debt
There are many different ways that creditors can attempt to collect on outstanding debt. Here are some of the ways they can collect on unsecured business debts.
Beware of merchant cash advances
Merchant cash advances seem to offer advantages to a business that needs some extra liquidity, but nothing could be further from the truth. These advances work by loaning you money that you reimburse on an ongoing basis with payments from your credit or debit card sales. Another merchant cash advance method takes fixed debits from your bank account on a daily or weekly basis.
Give me a break!
What’s the big deal about work rest periods? Two 10-minute breaks during an eight-hour shift may seem like an insignificant amount of time, but it does add up.
Benefits of reorganizing
Does your company need some assistance during a rough patch that's leaving you with unmanageable debt? A reorganization of your business through the Chapter 11 bankruptcy process may be in order.
