What is a demand letter?
A demand letter is a letter that is commonly written by a lawyer on behalf of a client setting forth facts supporting a demand for money. A demand letter is usually the first step in resolving a dispute between two opposing parties.
What is working capital cycles?
In business, a Working Capital Cycle is the period that a company waits to receive payment to create available cash. A long cycle means tying up capital for a longer time without earning a return. Short cycles allow your business to free up cash faster.
What Happens When Business Partners Disagree?
Before going nuclear, when business partners disagree, the partners should talk about how to move forward. If talking fails, the partners may discuss a buy-out. However, if there is wrongdoing by one business partner, a lawsuit may be an option.
Bank Statement Business Loans
A business bank statement loan lender relies only on the company’s bank statements to qualify the borrower.
Advantages And Disadvantages of Equity Financing
The main advantage of equity financing is that there is no loan to repay. The main disadvantage is giving up control of the company.
How to Prove a Verbal Contract
To prove a verbal contract is by getting witnesses to testify that the agreement was made. Also, proving a contract existed can be supported by documents such as receipts, invoices, delivery, statements, text messages, and emails.
What are business performance metrics, and why it is important?
Business performance metrics is a quantifiable measured value that shows the company’s progress and growth. Business metrics track the business progress and performance. A quantifiable measurement may include customers, revenue, and profits.
Is Sabotaging a Business Illegal?
Yes, sabotaging a business is illegal regardless of who is saboteur, e.g., business partner, competitor, family member, or customer.
What Do You Do When a Family Member Steals from You
When a family member steals for you, the first step is to talk to the person and let them explain calmly. Present evidence, a document, or a credible witness to support your allegation. Then, ask the person to return the money or asset. If the person refuses to return the money or asset, the following steps depend on the amount stolen.
How do you get approved for a SBA Express loan?
To get approved for an SBA Express loan, the business must operate for profit and in the United States. The business must have at least two years of financial statements and show a need for financing.