Protect Your Finances From Account Closures
As the pandemic and economic crisis drag on, many businesses are finding that their financial state is fragile or faltering. Unfortunately, banks are becoming more risk-averse and some are closing accounts to protect their bottom line. Bank and credit card account closures are on the rise. In a recent news article, it was reported that…
Will Drones Improve Your Business?
The technological marvels of The Jetsons are now reality. Drones, unmanned aerial vehicles or UAVs, are an important part of doing business for many companies, especially when delivering goods to customers. In the past few years, Amazon, Google, and Walmart have begun to invest heavily in drone delivery systems, but El Pollo Loco stands out with the…
Post-Pandemic Reset Best Practices
As the economy restarts, how to fully reopen your business and reintegrate your employees’ post-pandemic shutdown is top of mind for many business owners. In this article, we will explore the best practices for shepherding your post-pandemic business into a world with a new normal. Escape The Hiring Squeeze Unless you’ve been living as a…
Washington State Updated Homestead Exemptions and Bankruptcy
The Washington State legislature has passed significant changes to the Washington homestead statute. The new law provides for an increase in homestead exemptions based on “the county median sale price of a single-family home in the preceding year.” The Engrossed Substitute Senate Bill 5408 became effective on May 12, 2021, when it was signed by Governor…
Master The Customer Life Cycle And Survive
To acquire, manage, and grow their customer base, every successful business must have a clear understanding of the customer life cycle. The customer life cycle is a collection of stages through which a customer “travels” in the life of their relationship with your business. The four stages of the customer life cycle are: Reach Acquisition…
You Can Leverage Business Debt To WIN
When the average person thinks of debt, they imagine mounds of unpaid credit card bills, high-interest car loans, and a 30-year mortgage that keeps them tethered to an unfulfilling job just to keep a roof other their head. For them, debt is a prison – something to be feared, and if possible, avoided. This is…
New SBA Guidance On PPP Eligibility for Individuals in Bankruptcy
The Small Business Administration has issued new guidance on PPP loan eligibility for individuals or entities in bankruptcy. Any debtor in a bankruptcy case, or part-owner of a debtor, who is considering applying for a PPP loan needs to time the application to meet these eligibility considerations. To be eligible for a PPP loan, an…
Leveraging Strategic Partnerships For Success
Even as the U.S. economy regains steam in 2021 and GNP grows by 10%, some companies still struggle to survive. This is especially true for businesses that rely on foot traffic or office workers since the demand for office space is down 38% nationally. The good news is that strategic partnerships can improve any business’…
Seattle Bankruptcy Attorneys Named 2021 Super Lawyers
Bankruptcy and business law attorneys Alan Wenokur and Nate Riordan were named 2021 Seattle Super Lawyers, an honor bestowed on only 5% of the lawyers in Washington each year. This is the 10th year in a row Alan has been named a Seattle Super Lawyer for his outstanding work in bankruptcy law, 2012 – 2021; …
New COVID Safety Rules: Is Your Business Compliant?
As Washington State businesses slowly reopen even as the pandemic enters into its second year, there is a lot of confusion about the new safety rules and reopening compliance. Hopefully, we can offer some clarity. As of this writing, most of Washington State is in Phase 2 of Governor Inslee’s reopening strategy. The only exception…