Business Law Archives - Page 20 of 39

Business Law

Consumer Class Action Lawsuits

In a class action lawsuit, only one lawsuit is filed on behalf of an entire group of injured parties. Very often, for example, such lawsuits unite many individuals and go after a large company that has produced defective products that have causes injury or loss to every individual member of the class action lawsuit. The settlement that such a lawsuit results in is typically divided between all of the individual plaintiffs.

Eric Gros-Dubois May 22, 2020

Business Law

Enforcement Against a Personal Guarantor (Part 1)

A personal guarantee is an individual or business entity that guarantees responsibility for another’s financial obligation, should they ever fail to repay their lender. Personal guarantee’s usually come in when securing a debt for a loan such as a car finance or mortgage, but the guarantor is not contractually liable for any part of the loan unless the debtor fails to make a payment.

Eric Gros-Dubois May 22, 2020

Business Law

Enforcement Against a Personal Guarantor (Part 2)

If a personal guarantor does not respond to the lender’s demand, the lender has two options to choose from in order to collect the debt. First, the lender can file suit against the personal guarantor and second – he can petition a court for the personal guarantor’s bankruptcy.

Eric Gros-Dubois May 22, 2020

Bankruptcy

Covid-19 Disaster Assistance Update

The measurements taken to prevent the spread of Covid-19 in the US have caused an economic downturn that is dramatically affecting our country’s small businesses. While Congress was able to enact the CARES Act to provide emergency financial aid to those applied for one of its programs; unfortunately, it has now been reported that funding for these programs has been exhausted.

Silvino Diaz May 5, 2020

Bankruptcy

Who is a Borrower’s Representative?

Borrower’s Representative means an individual or an organization that is designated by the Borrower to act on behalf of the Borrower by a written certificate and complying with the requirements of the applicable state. The borrower’s representative always requires some written proof of authority before being able to act on behalf of the borrower.

Eric Gros-Dubois April 29, 2020

Business Law

How to Ensure you are Compliant with the PPP Loan

Over the past several weeks, thousands of businesses have applied for and (some) have received the Small Business Administration’s Paycheck Protection Program loan. An attractive condition of this loan is the potential it to be forgiven. However, the SBA has continued to issue guidance on how to remain eligible for forgiveness, and there are strict protocols that businesses must follow.

Silvino Diaz April 29, 2020

Business Law

How to Protect your Business Against Trademark Bullying?

Trademark bullying is the process of large worldwide famous companies aggressively asserting their trademark rights over smaller businesses. Even though it is a common practice in the trademark world for trademark owners to “police” the use of their trademarks in the market, sometimes big companies take this “policing” a step further, counting on the inability of small businesses to finance prolonged court litigation over their trademark rights.

Eric Gros-Dubois April 27, 2020

Business Law

District of Columbia: Consumer Protection & Unfair Trade Practice Laws

In order to protect commercial trade practices and deter improper use of such practices within its state, The District of Columbia has implemented their own regulation for effective enforcement of fair trade and business practices.

Eric Gros-Dubois April 24, 2020

Business Law

The Advantages and Disadvantages of C-Corporations

A C-Corporation is the typical corporate structure. However, any company—limited liability companies, partnerships, and sole proprietorship—can elect to be taxed as a C-Corporation. Electing to be treated as a C-Corporation is essentially deciding how your entity will be taxed.

Aviv Asoulin April 23, 2020

Business Law

How does the California Consumer Privacy Act Affect Florida Businesses?

California enacted the California Consumer Privacy Act (“CCPA”) on June 28th, 2019, made effective on January 1st, 2020. The CCPA is the nation’s first comprehensive state data privacy law. The CCPA provides several new rights for California consumers regarding their Personal Information.

Silvino Diaz April 23, 2020

Business Law

Consumer Class Action Lawsuits

Enforcement Against a Personal Guarantor (Part 1)

Enforcement Against a Personal Guarantor (Part 2)

Covid-19 Disaster Assistance Update

Who is a Borrower’s Representative?

How to Ensure you are Compliant with the PPP Loan

How to Protect your Business Against Trademark Bullying?

District of Columbia: Consumer Protection & Unfair Trade Practice Laws

The Advantages and Disadvantages of C-Corporations

How does the California Consumer Privacy Act Affect Florida Businesses?

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