Your best decision is to stay out of court if at all possible. Cheap layers/attorneys are not your best friend. It's a financial deal and simply another job for them to make more money.
Settling between two parties can often be handled through arbitraton which is less expensive to all persons involved with a dispute.
Fortunately, we didn't do anything wrong and went out of our way trying to make the customer happy to no avail with a severe "kick in the pants".
Thankfully, most small business firms, even large ones, don't encounter the "cusstomer from Hell" like we did. Our client lives in a $500K house, so poorsville is not the problem with our fraudulent client.
If YOU're a small business owner it's something worth knowing before one day you get kicked in the back-side like we did with this customer from Hell.
I've advocated for many years - ALWAYS invest in GOOD legal counsel; a qualified Accountant [CPA]; and Insurance Agent. There are 3 important advisors to success in your business.
A little research in our town opened my eyes BIG and WIDE to how a small business owner can suddenly find himself/herself in deep water without a paddle or pot to go.
Just a few of my recent discoveries --
Did you know.... the town Sheriff can reach inside YOUR bank account and take ALL your money? Got a friend in town working for the Sheriff's Dept? Ask him/her, they'll tell you how it happens and you may want to ask about their bonus, too.
It doesn't make any difference WHO YOU OWE or if checks will start bouncing - it's part of our LEGAL justice system - allows the "hand-of-the-law" to take your stuff and leave you screwed.
Another disturbing happening - you can be sued or counter-sued by someone and never know it until you get a "writ of execution" from the Sheriff's department... when they come to sell ALL your property - equipment - and maybe leave you bankrupt as well as the good vendors you own money to.
In our town you basically have to hire an Attorney to represent you in court.... Guilty and you know it means give it up without wasting anymore time and effort, a "no options" decision... probably your town too.
What you may not know - your legal counsel is NOT required to have malpractice insurance protection when he/she screws up the process on your behalf. Most attorneys have it.... the problem with small business owners is they look for the CHEAPEST not the BEST legal advice.
Courts in our town DO NOT send notices by Registered mail either which means they have NO proof of delivery, but WHO cares? YOU will.
Only your legal counsel supposedly gets the notices from the Courts and it's his/her responsibility to advise you or it's tough break for you when no one told you "courts in session" - and YOU'RE absent.
'Treble' damages is a tough financial burden to most small businessowners? It's amazing how this can kick you into oblivion without a trace. The finest small business owner is not protected from the marketplace challenge.
Did you feel it? The smasher coming when you thought everything was peachy-le-creme - maybe your best year ever? Sooner than later is the key, so be sure to get your advisors promptly, without delay. It may just SAVE your CASH as well as your business future.
Small Business In The Philippines
With the change of season and demand if you are looking for the finance to set the new variety into your shop then why to wait; small business loans are there to cope up with the demand of the market and meet the finance deficient. Small business loans are generally designed for the borrower’s who are running the small scale business.
Depending upon the type of business, small business loans meet the needs of the businessman to favor the expenses of expanding the business, increase the production, paying off the salaries, buying of machinery or raw material.
Small business loans are termed so because they offer small amount which can be easily get back in short period of time. Considering his capital requirement small business can be distinguished as secure and unsecured with a difference that in former collateral is needed whereas in latter borrower is free from the collateral as no collateral is required.
While availing the small business loans for any business, borrower must be prepared with the documents that entail brief description about the business and with that he has to place the layout for the business for which he needs the money. Apart from that borrower must have bank statement that can favor borrower’s easy repayment term.
Small business loans are offered at economical interest rates over the loan amount for feasible time period. Moreover borrower can avail the option of variable rates and fixed interest rate.
While applying for the small business loans, borrower must go thoroughly with the information regarding loan quotes as they differ from lender to lender. So, this means that borrowers require proper research to avail the best deal.
Borrowers search and research have been made easier by the lenders as now they can access all information from internet. Internet or online mode offers borrowers a platform to deal, compare and contrast the quotes of numerous lenders with a single click. Apart from that borrower can access small business loan from the high street banks, financial institutions or private lenders.
Change of time affects the business running as finance may be needed which can be overcome by the small business loan.
Both Don Monteith & Michael T. Brian are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Don Monteith has sinced written about articles on various topics from Careers and Job Hunting, Careers and Job Hunting and Careers and Job Hunting. After 32 years in the business arena, Don Monteith feels he can help small business owners by sharing his career staffing experiences and business expertise. Trhough articles to business owners and publishers he gives advice that can save thousands of dol. Don Monteith's top article generates over 2400 views. to your Favourites.
Michael T. Brian has sinced written about articles on various topics from Business Loans, Banking and Business Loans. Michael T.Brian is the author of this article. He is Masters in Business Administration and expert in finance. He writes about various finance related topics. To find. Michael T. Brian's top article generates over 246000 views. to your Favourites.
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