Maxwell Dunn’s Business Law Blog

When running a company, it is critical to find the right team of people to help make the business succeed. Employees and independent contractors are two of the most common types of workers, and while they can often perform similar tasks, they are quite different from a legal perspective. Understanding the difference between contractors and […]

In 2005, the Bankruptcy Abuse Prevention and Consumer Protection Act added Chapter 15 to the bankruptcy code. This particular chapter adopts the Model Law on Cross Border Insolvency, which was created by the United Nations Commission on International Trade Law. Essentially, it allows parties who are in different countries to take advantage of and participate […]

You may have heard horror stories about how bankruptcy destroys your credit and that you will lose everything you own if you file. Thankfully, these myths are not true. While it is true that filing bankruptcy will have an effect on your credit and you may have to sell some of your property, it is […]

For many people, student loans are unavoidable if they want to go to college. Parents may not be able to fund all (or even part) of your education, and since the cost of college tuition is very high, student loans may be your only option in some circumstances. You may have also heard that the […]

Budgeting for your business is a lot like budgeting for your household. However, the stakes are very different. If your budget is off, you run the risk of operating in the red. Running your business at a loss will eventually lead to closing your doors. One of the first steps in creating a successful business […]

You may have heard the saying that there are two things that are certain in life: death and taxes. This old adage may not be true in some situations. Under certain conditions, you can discharge tax debts by filing bankruptcy. However, your tax debts must meet particular qualifications to be discharged. Tax Treatment Under Chapter […]

Mergers can be both exciting and very difficult. They often represent expansion and new people with ideas. However, getting the process wrong can lead to serious problems that can undermine your business as a whole. The merger process requires getting even the smallest details just right so the transition can be as smooth as possible. […]

Chapter 12 bankruptcy offers a unique way to handle debts for those who are considered “family farmers” or “family fishermen.” It allows those who farm or fish for the majority of their income to develop a payment plan to repay all or part of their debts. Essentially, it will enable you to develop a three […]

Being involved in a lawsuit as a small business can be frightening. It can put your entire business at risk if you are not properly protected. While you should certainly invest in insurance and other risk-minimizing measures, you can take steps to help your company avoid lawsuit long before they become a real threat. Use […]

The Servicemembers Civil Relief Act (SCRA) provides those in the military with certain protections in civil actions. Specifically, it “pauses” many types of civil claims so that servicemembers can focus their attention and efforts on serving our country. That means that it specifically applies to those on active duty or who have been deployed. One […]