Financial Tips for Small Business Owners

  Keep corporate vs. personal debt separate.  It is a common practice for small business owners to experience periodic cash flow problems and turn to use of personal credit cards to infuse cash into their business.  It is important to note that debt incurred under a credit card held only

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Mortgages and Rents – SNDA Agreements

From the borrower’s perspective, there are some special issues which arise with rents on commercial real estate properties in a foreclosure or bankruptcy setting. These issues must be thoroughly analyzed on the front end because cash is king, and continued use of cash to support the upkeep of the properties

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Small Business Owners Remain Pessimistic

The National Federation of Independent Business (NFIB) has collected small business economic trends data since 1973.  The NFIB monthly surveys are available at their excellent website.  The NFIB March report states that the current trends remain on par with the 2008 trends. While the report notes that there is some

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Number 1 Pet Peeve – Client Depositions

As everyone does, I have developed my own list of deposition “pet peeves,” and I’m going to introduce you to them. So, here is my No. 1 pet peeve: clients not listening to and contemplating questions before answering when being deposed. Before every deposition of a client, I have a

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Student Loans: Who Owns Yours?

Although student loans may be made by private lenders, most of them are guaranteed by a state or federal government agency such as the Kentucky Higher Education Assistance Agency (KHEAA) or the U.S. Department of Education.  Student loans are bought, sold and transferred just like mortgages and credit card accounts,

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Barbara Corcoran On Success

Barbara Corcoran is featured on the cover of the March 2013 Success magazine.  Since I don’t watch Shark Tank, I had never heard of Barbara.  She is a 64-year old NYC realtor who started Corcoran Group, a real estate brokerage firm, in the 1970’s.  She sold it in 2001 for $66 million.  After reading

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Kentucky Foreclosure ADR: A Means to a Better End

Not too long ago, a homeowner faced nearly insurmountable odds if he or she were trying to obtain a loan modification or a short sale while, at the same time, attempting to stave off a foreclosure sale. The homeowner had to fight battles on two fronts.  Although the “arms” of

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Laura Day’s Top Ten List – Number 2: Credibility

There are some things we see over and over that are really not in your best interest.  Here’s why: #2.       Credibility and lack thereof As a mother, I constantly preach to my children to always “do what you say you are going to do.”  Since they are young adults now, I think they

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