Commercial transactions are the center of business. Businesses enter contracts and assume liability on a daily basis. No one can predict the future, but understanding and minimizing your risk is important. As a business owner, an inventory of the agreements/transactions you enter into on a reoccurring basis demonstrate the substantial risk and commitments you assume. […]

Many people operate their business as a sole proprietorship because it is simple.  The business owner can use his or her own name and treat the business income as personal income. Unfortunately, this leaves the business owner open to unlimited personal liability for payment of the business’s debts and any other claims against the business.  […]

For many businesses, collecting debts from customers that have fallen behind on payments or stopped paying at all can be overwhelming. Because of overly aggressive and harmful actions by some debt collectors, a number of laws have been enacted to protect debtors. Businesses should be aware of two statutes in particular when attempting to collect […]