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How to Avoid Legal Issues as a Small Business Owner
Summary: Small business face numerous legal issues that can be avoided. If you’re a small business owner, you’re faced with a variety of tasks that can be overwhelming at times. Additionally, you’ll also have to make sure that you run a business that’s both ethical and in compliance with all the state laws and regulations – to avoid any threatening lawsuits other issues. Here are some tips that’ll help you minimize the chances of them from occurring. A Conflict of Interest If you’re running a business with a partner – like a family member or a friend – it can turn ugly at the bat of an eye if you’re…
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The advantages of implementing EDI in an organization
There are two quick and easy ways to improve the performance of your business. One is to improve operational efficiency, and the other is to reduce errors. When you achieve both, the gains are immediate and non-trivial. This is where EDI comes in, if you never looked at EDI before, here are some of the possible advantages: EDI is the digital exchange of documents between two parties. With EDI all of your document exchange with partners goes through a system that is fast, and error free. The biggest benefit is the removal or partial elimination of human error. Data entry mistakes along account for as much as 17% of the…
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REOs and Comparative Value
Article provide by Barry K. Rothman Bank real estate owned (REOs) are sold to buyers in as-is condition. The property is a prior foreclosure. Perhaps the previous owner no longer cared to maintain the property. This fact alone can require the new owner to add significant capital to the cost basis price. Most bank owners don’t want to make repairs or even lower their asking price to compensate for the buyer’s added costs. Although it’s important to negotiate when possible, most buyers of REOs understand they’re going to perform repairs in addition to the purchase price. Transaction Closing The time needed to close the REO property can take at least…
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The Caveats of Purchasing a Foreclosed Home
A foreclosed home may seem like a good deal, but it’s important that you are aware of the multitude of problems that it comes with. Buying a foreclosed home is one of the biggest discounts that you can get on the real estate market. However, there are several caveats, as you might already be aware of, when fulfilling this purchase. If you can bear the difficulties, it may be worth going through all the mess to achieve a successfully redesigned home. Here are some of the major issues when purchasing a foreclosed house. Maintenance There isn’t enough to be said when it comes the maintenance and cleanliness of a foreclosed…
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The Definition of a Digital Wallet, and How They Work
Mobile phones have gotten a lot smarter since the age old Nokia phones, and Razer flip phones of yesteryear. Today’s phones have the power of a small computer inside them, and are capable of managing a great deal of our lives. That’s why digital wallets have begun to catch on in the United States. Digital Wallets Defined A digital wallet is a system that uses data and encryption to store a user’s financial information, which is tied to an account with a username and password. That’s the simple definition, but digital wallets offer a lot of functionality. They can be used to pay for goods through almost any merchant service…
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Three Ways You Can Cut Down Business Expenses
When it comes to starting a business, there are several do’s and don’ts that contribute to the success of your company. A few ways in which you can help your business succeed is to cut down your expenses. Cutting down expenses can have a vital importance to the sustainability to your company. Three ways in which you can do this include: Transitioning to the Cloud, Buying in Bulk, and Going Paperless. Transitioning to the Cloud: If your business is utilizing an assortment of hardware such as servers for data backup, switching to cloud computing can be extremely beneficial for you. Not only will you relieve some of the financial burden,…
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Maximizing Your Profits When Selling a Home
Article by Pierre Zarokian. Making the decision to sell your home is no easy task, but families do it all the time. There are a variety of reasons: some grow old and want to downgrade after kids have left the house. Others want less house because their budgets have been restricted by recession, and more families are upgrading for nicer schools or because of work. With more millennial home buyers entering the market, there’s a good chance your home will sell reasonably fast. Here are some tips to help you get the most money for it. Improve the Condition of Your Home If you want to make money, you have…
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How to Bridge the Gap Between Law and Business
Seeking to bridge the industry divide between business and law, one can take their litigation experience and break into the business world with the right tools. These tips will help provide you with the assortment of skills you’ll need to embrace the versatile nature of being an attorney. Taking the “Startup” Road One of the best places to break into a business role is within a startup. While it not be as easy or glamorous as it sounds, it provides an outstanding opportunity to roll up your sleeves and get to work – similar in the way that famed attorney Barry K. Rothman works within the industry. Show off your…
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Understanding building codes
Understanding building codes will help to establish structure and help a project stay in line with the standards in the construction industry. In the United States, building codes are constantly updated and therefore it is advisable to be aware of building codes before and while a project is in progress. The U.S. currently follows the International Building Code (IBC), which was developed and published by the International Code Council (ICC). Often building code changes are due to technology, catastrophic events, or new knowledge and experience. Most codes at present are looking at eco-friendly methods to combat pollution and climate change. Previous changes included safety standards due to hurricanes, tornadoes, floods,…
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The Qualities Required to Flip Houses
In order for you to make a profit flipping houses, you’re going to have be prepared, both financially and mentally. It isn’t an easy process and requires time, commitment, and smart decision-making. Now that that’s out of the way, if you’re still considering flipping houses for a profit, make sure to read these tips down below. Skills If you’re handy with a hammer and enjoy dabbing in construction, then you’re already at a huge advantage. By having the knowledge, skills, and willpower to find and fix a house is an enormous commitment of its own. But, you’re also going to have to get down and dirty in order to flip…
