By Brian Figeroux, Esq. Debt consolidation is often promoted as a simple solution for individuals struggling with overwhelming debt. However, for many, especially minorities, debt consolidation might not be the best option. For those seeking a fresh start and financial freedom, Chapter 7 bankruptcy is often a more effective choice. In this article, we will […]
By www.311bankruptcy.com The excitement of Black Friday, Small Business Saturday, and Cyber Monday can lead to irresistible shopping sprees. Still, for some, these events can also result in overspending that may spiral into financial distress. If you’ve maxed out your credit cards, racked up significant debt, or find yourself struggling to pay bills after these […]
By Katie Honan THE CITY | Photo Credit: Ben Fractenberg/THE CITY At least one major organization has had to shutter, while others are preparing to scale back work and staff because of snowballing financial issues. Nonprofit organizations around New York are still facing months-long delays in getting paid on city government contracts, recently forcing some […]
By Brian Figeroux, Esq. New York City is one of the most vibrant and competitive business environments in the world, offering a wealth of opportunities for entrepreneurs. However, before starting a business in NYC, it’s essential to understand the various legal structures available and the processes involved in establishing your company. The legal structure you […]
U.S Small Business Administration, SBA Press Office | Editorial credit: RossHelen / shutterstock.com More Than a Dozen Private Funds to Invest $2.8 Billion in Over 1,000 Critical Technology Startups and Small Businesses WASHINGTON– Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and Secretary Lloyd J. Austin, head of the U.S. Department Secretary of Defense (DoD) announced 13 […]
Photo Credits | PeopleImages.com – Yuri A/shutterstock.com Becoming a millionaire is a goal many Americans aspire to achieve, but reaching that level of wealth requires careful planning, dedication, and often a strategic choice of profession. While nearly anyone can build wealth with sound financial habits, certain career paths offer a higher likelihood of becoming a […]
By Brian Figeroux, Esq. | Editorial Credit: Yuri A / shutterstock.com Starting an adult care business in New York State is a challenging but potentially rewarding endeavor. From navigating the regulatory environment to selecting a location and staffing your facility, every decision must be made with careful consideration and planning. By following the steps outlined […]
By Brian Figeroux, Esq. | Editorial Credit: Zhanna Hapanovich / shutterstock.com To maintain the protection of limited liability, LLC members must follow certain best practices, including keeping personal and business finances separate, maintaining adequate capitalization, operating ethically and lawfully, and avoiding personal guarantees. The Limited Liability Company (LLC) is one of the most popular business […]
By Brian Figeroux, Esq. | Editorial credit: Kmpzzz The emotional impact of bankruptcy is profound, with many individuals experiencing shame, guilt, and anxiety. However, the Bible offers a framework for understanding bankruptcy as an act of forgiveness and grace, rather than failure. Through the Parables of Jesus and the Year of Release, we see that […]
By Brian Figeroux, Esq. | Editorial Credit: Southworks/shutterstock.com Key Points of this Analysis Succession Planning: Users emphasize the importance of having a clear succession plan to ensure the business continues smoothly after the owner’s death. Valuation and Division: Estate planning professionals discuss methods for valuing and dividing business interests, particularly when some heirs are involved […]