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Importance of a Deadlock Provision

Importance of a Deadlock Provision

What is a deadlock provision?                Deadlock provisions are often overlooked in the drafting of operating agreements. A deadlock provision is a procedure for resolving disputes and tied votes when the is no majority, such as when you have a two (2) member...

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Primer on Business Entity Choices

Primer on Business Entity Choices

Congratulations on making the decision to start a new business! Whether starting a company on your own or with partners, it is important to get ready to make some important decisions. First and foremost, it is essential to choose the right business entity to form....

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Cheap Bankruptcy Help May Be Anything But

Cheap Bankruptcy Help May Be Anything But

There is a Spanish saying “lo barato sale caro” that has stuck with me from my time practicing in Miami. I often speak with and take cases over where the debtor filed bankruptcy with an attorney that did not know much about bankruptcy, used a petition preparer, or...

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What to Know about Filing an Emergency Bankruptcy

What to Know about Filing an Emergency Bankruptcy

An emergency bankruptcy filing should be avoided at all costs, but sometimes lawsuits, garnishments, and foreclosure sales come as a surprise and an emergency bankruptcy filing is needed before the harm done is irreparable.  An emergency bankruptcy filing is often...

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Should I Cash Out Retirement to Pay Debt?

Should I Cash Out Retirement to Pay Debt?

While many people with debt issues are tempted to cash out retirement accounts to resolve their debt issues. It is generally a big mistake. Cashing out retirement accounts to pay unsecured debts, such as credit cards, is throwing good money after bad. Tax-deferred...

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When is Bankruptcy the Answer?

When is Bankruptcy the Answer?

Bankruptcy is a big decision and, despite, filing bankruptcy being more commonplace in a post-2008 world, people do almost anything to avoid it. Many people experiencing debt issues are curious about when filing bankruptcy is the answer. The answer is different in...

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What is a Holding Company?

What is a Holding Company?

"Should I set up a holding company?" If you have ever asked yourself this question, then this post may be for you. Business owners utilize the multiple-entity approach of creating an operating and holding company for asset protection and tax reduction. This article...

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