By Eric Thiergood | Published October 12, 2015 | Posted in Uncategorized | Leave a comment
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Eric Thiergood
The Personal Guaranty of a Commercial Lease: A Tenant’s Perspective
For many of our clients entering into a commercial lease as a Tenant, the Landlord will often require that one or more of the principals or owners in the endeavor sign a personal guaranty. In most cases, unless the company is a large national company with an established track records, Landlords will refuse to lease Read More
Read MoreThe Texas Series LLC: The (Kind of) New Kid on the Block
TEXAS SERIES LLC BACKGROUND On September 1, 2009, Texas joined Delaware, Illinois, Iowa, Nevada, Oklahoma, Tennessee and Utah as the handful of states in the U.S. at the time that permitted the formation of a relatively new entity type known as a Series limited liability companies (a “Series LLC”). While a Series LLC shares many Read More
Read MoreProperly Classifying Employees and Independent Contractors
Is your “independent contractor” actually an employee? While it seems like a relatively simple question, the ramifications are substantial to a business owner. Misclassifying and paying a worker as a 1099 independent contractor, when in reality he or she should be treated as a W2 employee, can result in a variety of consequences for the Read More
Read MorePurchasing Bank-owned and Foreclosed Properties
Typically when one considers buying a foreclosed property, they envision purchasing a property at a foreclosure sale on the courthouse steps. While thousands of properties are sold each month at such foreclosure sales, many of the foreclosed properties are purchased at these foreclosure sales by the bank holding the mortgage. Banks typically will not hold Read More
Read MoreThe Nondisclosure Agreement: A Valuable Tool in the Protection of Intellectual Property and Confidential/Proprietary Information
When buying or selling a business, considering a joint venture, or even evaluating a vendor, supplier, or contractor, you should always be aware of the risks of disclosing and receiving intellectual property and other proprietary or confidential information, such as customer information, marketing strategies, pricing information, trade secrets, knowhow, and vendor/supplier information prior to the Read More
Read MoreFranchises
The number of people opting to go into business for themselves typically has a correlative relationship with the health and stability of our economy. When the economy is up, so is the number of new businesses being started. What type and “brand” of business is the first decision of many one will make in starting Read More
Read MoreI Received a Bounced Check, Now What?
One question that we occasionally receive from clients is, “We received a payment from a customer and the check bounced. What do we do now?” While this is a situation that no business wants to find themselves in, it is one that almost every business owner will experience at least once, but more likely several Read More
Read More“Seller Financing: The Purchase of a New Business”
One of the first questions that a buyer and seller of a business has to answer is how the purchase will be funded. While being able to purchase a new business with cash at closing is of often ideal, it is often not possible. Having the seller of the business finance all or part of Read More
Read More“Free Money” Government Grants for Your New Business: Fact or Fiction?
How to fund the purchase of an existing business or the start of a new business is often the first and the most difficult question a new business owner will face. At the Strong Firm, we have helped clients work through this question countless times and have examined a wide variety of new business funding Read More
Read MoreSmall Business Association Loans: Funding Your New Business with an SBA Loan
Thinking about starting a new or buying an existing business? While that decision is undoubtedly a hard one, the next decision can be equally, if not even more, difficult. How do I pay for it? How to fund the purchase of a business is a question that we have helped clients through countless times at Read More
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