As we’ve "flattened the curve” of COVID-19 infection & as stay-at-home orders are gradually reduced, many business owners, possibly including you, are looking forward to returning to a new normalcy.However, this is a brand new territory for all of us & the risk of getting sick is still high, even possible lawsuits. As we shift to keep our business going, it is critically important to follow these guidelines to protect your business from liability while protecting your employee & customer health.
What the Coronavirus pandemic has brought us is battles toward staying healthy and sane when stuck at home and protecting our business to be fully operational in the midst of the crisis. Many business owners are now facing the tough decision of whether to persevere and keep their business going or to close it all down and walk away. If you are asking yourself this question right now, here are some things to consider before going down the bankruptcy road.
These past few months have been very challenging for all of us because of the COVID-19 pandemic that compels us to face our own fragility and mortality. Millions of people, of any age, healthy or with certain underlying medical conditions one day, got infected by the virus, confined in the hospital for several weeks, unable to pay their mortgage & bills, and unable to see their loved ones. Within our current reality, that "one day" has become an ever more real possibility.
Setting up an estate plan is critically important for business owners because owning a business is challenging even in the best of times and with the current global pandemic, things are much more overwhelming as you pivot to build the most stability for you and your business. If a whole estate plan feels too overwhelming right now, at least get an inventory of your assets and business in place, where your loved ones/partners and your team could access if you become ill or die. Learn more here.
Just like any parenting arrangement, platonic parenting requires massive levels of trust, communication, and planning since child-rearing is an immense responsibility that lasts a lifetime. Having an estate plan designed specifically for your family's condition that spells out you and your partner's legal rights, responsibilities, and wishes ensure your new family has a proper legal foundation that keeps them away from court and conflict in the event of your potential incapacity or death.
Your decision about whether to lease or purchase a commercial space for your small business will depend upon your unique circumstances. There are pros and cons for each option and whichever option you will choose, we ensure you that we'll provide guidance and that your lease or purchase agreement includes all of the terms needed to protect your business. Read here to determine which option suits you. Consult with an experienced lawyer like us to guide you step by step with the process.
DIY legal services may appear inexpensive at first glance but a more in-depth look reveals that they could cost your business dearly. Read here to know its several anticipated costs. Consult with us to help you and your business established a solid legal foundation.
Small mistakes can hurt your credit without you having any knowledge. It is important for you to be aware of your credit score and everything that is affecting it. You may not think there is anything lowering your credit score but there might be an old bill or even fake accounts under your name that are hurting your credit. Here is how you can take care of your score.