Dinn, Hochman & Potter, L.L.C.
TF: 800-233-4079
L: 440-681-8005

February 2017 Archives

How to refinance a commercial real estate loan, part 1

At some point in the life of your business, you may find it necessary to refinance a loan or mortgage. While the terms you originally agreed to might have served your needs at the time, it is not unusual to seek terms that are more favorable to your present situation. For example, if your loan requires making a balloon payment in the near future, you could refinance to avoid taking that big financial hit.

A clause that no business contract should be without

Of course, you would not enter a contract agreement that you did not believe would be honored. Still, in the business world, nothing is guaranteed, so well-written contracts are a must for any project. The fact is, sometimes contracts get breached.

Putting the right family member in the right job

It takes a one for all, and all for one attitude to help make a family business run efficiently. Often, family members can perform any number of tasks for the company. This is one of the advantages of a family business; everyone has a vested interest in its success. This means that you may have to vacuum the carpet of the offices, even if you have an accounting degree. Or your wife may spend time driving the company van even though she's a highly skilled chef by trade. What matters is getting things done in any way possible.

A good business plan can perform myriad functions

If you are in the initial stages of starting a new business, you may be feeling a little overwhelmed about the journey that lay ahead. While this period is filled with excitement and anticipation, getting organized is now a priority. To this end, it is high time you start crafting your business plan.

Indemnity clauses can offer you important protections

If you own construction company, you are likely well aware of all the possible problems that can arise during a project. Unfortunately, it is impossible to eliminate every potential disaster that could befall a given undertaking, but you can take measures to protect yourself from the possible financial fallout. And one of the most important steps you can take is making sure that your contracts contain indemnity agreements.

Common contract mistakes can cause big headaches

A well-written contract can offer you and your business important protections and help prevent serious issues from bubbling to the surface when you work with another party. Unfortunately, a contract that is not properly constructed could cost you large sums of money and eat away at your valuable time. 

Office Location

Dinn, Hochman & Potter, L.L.C.
5910 Landerbrook Drive, Suite 200
Cleveland, OH 44124
-6500

Local: 440-681-8005
Toll Free: 800-233-4079
Fax: 440-446-1240

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