“Improved” SBA EIDL Program is Good for Liquidity
In early April 2021, the Small Business Association implemented changes to their Economic Injury Disaster Loan program (EIDL). With these improvements to the program in place, qualified companies can borrow more capital than before. Beyond higher loan limits, the SBA has taken several steps to make EIDL loans easier to obtain. Today, we will explore…
Is Your Company At Risk Of Deadlock?
At the planning and inception stage, it is common for two business partners to split everything “50/50.” It seems at first glance to be fair and equitable to split the profits, losses, and managerial decisions equally between the owners. But what happens when disagreements in running the business arise? Companies with two partners, or…
Avoiding Costly Litigation and Maintaining Your Company’s Growth
Litigation is one of the most costly, time-consuming, and challenging obstacles a company will face. However, there are many proactive steps you can take now to avoid the risk of being sued (or having to sue) later. Implementing some of these strategies with a growth mindset can help lessen your risk of future litigation or…
Resolving LLC Member Disputes
The Limited Liability Company is widely considered the most popular business entity today. The LLC draws attributes from both traditional corporations and partnerships. While the LLC is favored among entrepreneurs and business developers for it’s simplicity and freedom from many corporate formalities, good practices must be put in place early on in the business life…
Protecting the Company You Worked So Hard to Build
Creating your own company is one of the most fulfilling moves one can make in a lifetime. Once you have that business going, all the drive and passion you put into its creation now goes into its maintenance and protection. Many small and medium sized business owners oftentimes mistakenly believe they can handle legal formalities…
Is Your Business Planning for the Inevitable?
A company will incur legal fees, but many businesses fail to plan and budget for them in a profitable way. Large corporations understand and budget for the reality that legal expense is a necessary cost of doing business, but small and medium sized businesses often fail to include this truth in their budgeting process. The…
Kent Frazer Named Senior Fellow of Litigation Counsel of America
Palm Beach County attorney Kent B. Frazer, of the law firm The Frazer Firm, P.A., has been named a Senior Fellow of the Litigation Counsel of America (LCA). Mr. Frazer is a business attorney who founded The Frazer Firm, P.A., a business law and litigation boutique, in 2020 after more than 12 years as a…
Florida Supreme Court Takes on Federal Summary Judgment Standard
With the turn of a new year, the Florida Supreme Court is taking no time in ushering in a major new change in summary judgment jurisprudence. On December 31, 2020, the Court adopted the federal summary judgment standard, with the changes to go into effect on May 1, 2021. Summary judgment is generally appropriate where…
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