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Category Archives: Business Law

  • Understanding the Corporate Transparency Act

    Understanding the Corporate Transparency Act

    What is the Corporate Transparency Act? The Corporate Transparency Act (CTA) was enacted in 2021 to expose and prevent tax fraud, money laundering, financing of terrorism, and other illicit activity through the use of anonymous, or shell, companies. The CTA requires small business owners to electronically file a Beneficial Owners Information (BOI) Report with the U.S. Department of the Treasury’s Financial Crimes E...

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  • Do You Really Want Your Day in Court? By Danielle Stubbs

    Do You Really Want Your Day in Court? By Danielle Stubbs

    When people feel as if they’ve been wronged, either by a spouse, business partner, party to a contract, or any other individual whose dealings can impact their daily life, it can be easy to form the mentality of wanting to take that person for “all they’re worth.” A common phrase we hear regarding this mentality is, “I want my day in court!” While trial is sometimes unavoidable, it is most often...

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  • Updates to the EIDL Loan by Danielle Stubbs

    Updates to the EIDL Loan by Danielle Stubbs

                During the pandemic, many small businesses took advantage of the EIDL Program (COVID-19 Economic Injury Disaster Loan). Implemented by the Small Business Administration, this program was designed to support the recovery of small businesses from the economic impacts of COVID-19.These loans were attractive to many, as they were designed to be low-interest...

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  • Help! I’ve Been Served! – What to do After Being Served with Legal Pleadings

    Help! I’ve Been Served! – What to do After Being Served with Legal Pleadings

    By Danielle Stubbs and Melissa Miller We’ve all seen movies where someone hears the three dreaded words - “You’ve been served.”  Although often not as dramatic as Hollywood would make it seem, being served with legal documents can cause a world of stress and confusion - especially when it’s unexpected. However, there are some things that you can do to save yourself trouble down the road: Breathe ...

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  • BEWARE THE ECONOMIC INCOME DISASTER RELIEF LOAN! (EIDL)

    BEWARE THE ECONOMIC INCOME DISASTER RELIEF LOAN! (EIDL)

    Are you looking to buy a business?  Has the Seller told you the company has no liabilities?  Then when you ask about the SBA loans, does the Seller tell you the PPP loan was forgiven?  If the answer is yes, then ask one more question.   Did the Seller take out an Economic Income Disaster Relief Loan?              These loans varied ...

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  • WHAT DO I NEED TO START A SMALL BUSINESS?

    WHAT DO I NEED TO START A SMALL BUSINESS?

    By Brian R. Miller, Esq.             Lots of people dream of starting their own business, but few know where to start.  The Miller Law Firm, P.A. has advised small businesses and even single-person entities for years.  Here are the basics.             1.       ...

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  • WHAT DO WE DO ABOUT THE SBA EIDL LOAN WHEN SELLING OUR BUSINESS?

    WHAT DO WE DO ABOUT THE SBA EIDL LOAN WHEN SELLING OUR BUSINESS?

    According to the SBA, any business that took out an Economic Injury Disaster Relief loan (“EIDL Loan”) in excess of $25,000.00 and wishes to sell or transfer ownership of the business through a merger, stock sale, or asset sale will require SBA approval.  During the initial phase of funding for EIDL loans over $25,000.00 the SBA required a security interest in the assets of the business, but no personal guarantee....

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  • Finding YOUR Yellow Tux

    Finding YOUR Yellow Tux

    By Melissa S. Miller Over the past few weeks, I have had the pleasure of reading two fantastic books – Find Your Yellow Tux by Jesse Cole and The High 5 Habit by Mel Robbins for The Miller Law Firm, P.A.’s YouTube channel.  The first book is about creative management; the second book is about self-encouragement and care. As I sat down to write this blog (a space we typically reserve for an in-depth exami...

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  • CLOSING DURING COVID

    CLOSING DURING COVID

    2021 was the year some small business owners simply gave up.  When the government changes the rules seemingly every week it can be difficult to keep up.  Owners who were thinking about selling before the pandemic may have decided to hasten their departure and ride off into the sunset leaving COVID regulations worries far behind. But what do business owners selling during COVID have to consider in relation...

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  • The Power of the Personal Guarantee

    The Power of the Personal Guarantee

    Whether you are a commercial Landlord, financing the sale of a business, a commercial Tenant, or financing the purchase of a business or real estate, you have likely heard of a personal guarantee.  The question is how much does it protect you as a creditor and how much liability exposure does it create as a guarantor.  Like most areas of law, the only “guarantee” your attorney should provide is “It depends....

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