By Kenneth Dante Murena and Zachary Hyman
A solution for creditors concerned about the expected flood of commercial foreclosure filings and the resulting delays in the resolution of real property disputes.
Advice for Hair Salons & Similar Services
“Give me a head with hair, long beautiful hair. . . or maybe, it’s time for a haircut:” Advice for Hair Salons and other similar services. There is no question that the Coronavirus has disrupted the beauty industry, as hair …
Helping Hotels
Advice for Hotel Owners in this difficult time. The Coronavirus has had a devastating impact on businesses, and hotels are no exception. According to the American Hotel and Lodging Association, up to four (4) million hotel employees have been laid …
Small Business Bankruptcy
A last resort option can give you the breathing room you need to get a fresh start. Bankruptcy is intended to give an honest debtor a fresh start, and, if a small business that files for bankruptcy can successfully meet …
Getting Professional Assistance
Learn the types of advisers that can help you, and why you should retain them. While, as a small business owner, you are hesitant to spend money on hiring attorneys, financial advisors or other restructuring professionals, talking to and engaging …
Staying Positive and Persevering
Don’t panic. Learn how to stay calm during times of crisis. A small business owner puts his or her life on the line to transition from a traditional nine to five job with a guaranteed cash flow to a becoming …
Keeping Your Employees Involved
Learn how to maintain a motivated workforce. The Coronavirus has created an emphasis on supporting local businesses, which means that consumers may demonstrate a preference for businesses where personal relationships have been cultivated. More importantly, with the increase in emphasis …
Negotiating With Your Landlord
Learn how to keep your space, and pay for it too. It is critical to maintain a working relationship with your landlord, so that your landlord is comfortable with your ability to pay rent and maintain the property that you …
Negotiating With Lenders
Discuss your coronavirus challenges and build trust. The following steps can help you as a small business owner to establish a collaborative relationship with your lender: It is important to prepare projections that demonstrate how you anticipate your business will …
Locate Key Documents
Stay informed about your contractual rights by locating key documents and critical language within them. Throughout the course of your business’ operations, most small business owners execute a wide variety of documents including leases, distribution and supply agreements, employment agreements, …
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