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Profit & Loss Statements – a necessary evil

We all hate preparing profit and loss statements, but they are necessary in the course of business.  The following information is courtesy Richard J. Welt, Attorney at Law with McFerran & Burns, P.S.,Practicing Real Estate Law in Western Washington since 1986.  Contact: (253) 284-3811 or www.mbs-law.com. While this article was tailored to fit with their bankruptcy series, it is also great advice and what you’ll need to prepare to apply for a loan as well.

Continue reading “Profit & Loss Statements – a necessary evil”
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Bankruptcy for Small Business Owners

This information is courtesy Richard J. Welt, Attorney at Law with McFerran & Burns, P.S., Practicing Real Estate Law in Western Washington since 1986.  Contact: (253) 284-3811 or www.mbs-law.com

Bankruptcy for Small Business Owners

Filing bankruptcy if you have an interest in a corporation or a Limited Liability Company requires some extra work for you and your bankruptcy lawyer.  Preparing an accurate balance sheet listing the company’s assets and debts is a critically important part of this process.

Keep in mind that just because you file bankruptcy doesn’t mean that your Limited Liability Company or corporation should file bankruptcy.  You are not the company, and the company is not you. Your Limited Liability Company or corporation is a separate entity under the law. Continue reading “Bankruptcy for Small Business Owners”
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Building Load Factors. When Leased Space Isn’t What You Think It Is. By Jen Hudson

Recently, I was helping a client evaluate a couple different spaces in an industrial park, and they kept making a comment about the size and costs.  I pointed out that each building has a different load factor, which ultimately impacts the costs.  Then, it occurred to me that small and mid-size tenants almost never bring up this issue.  When I represent a client, I always bring up the costs and differences in square feet.  If I’m lucky, they won’t fall asleep before we discuss actual versus rentable square feet, and maybe even usable square feet.

Load factors can be a big deal with multi-tenant buildings, so I’ll summarize them briefly. Continue reading “Building Load Factors. When Leased Space Isn’t What You Think It Is. By Jen Hudson”