This will depend on the unique circumstances of your businesses’ finances as well as your own personal goals as a business owner. Most businesses enter Chapter 11 bankruptcy with an eye to rehabilitating their finances by restructuring debts and assets. In many cases, businesses emerge in a stronger financial condition than before declaring bankruptcy. You… Continue reading What will happen to my business if it enters bankruptcy?
At Steinhilber Swanson LLP, we have decades of experience working with consumers and creditors in all types of bankruptcy proceedings in Wisconsin. We understand the complexity of the bankruptcy code, the intricate rules of the process and the cases that have laid the foundational precedents in this complex area of practice. We are more than… Continue reading Sharing Our Knowledge and Credibility on Wisconsin Bankruptcies
Owning and operating a business requires more than delivering a high-quality product or service to a demanding audience. In order to remain successful and profitable, it is important to understand various laws as well as how businesses legally operate. If you own a business in the state of Wisconsin, understanding liquidated damages are necessary for… Continue reading What are liquidated damages?
If you want to take your blog to the next level by monetizing it, name recognition is important. There are many bloggers in Wisconsin and around the country who decide to trademark the name of their blog. Here are some of the reasons why you should trademark your blog’s name. It will keep you from… Continue reading Why you need to trademark the name of your blog
One of the most aggravating and potentially costly situations for a Wisconsin business is one in which it confronts a party to a contract that indicates it has no intention of satisfying its obligations under the agreement. These are a number of essential elements to an anticipatory breach of contract that a business needs to… Continue reading Options for a business facing an anticipatory contract breach
One of the most exciting and potentially rewarding ventures in someone’s life is starting a business. If you are planning to do this, you might consider bringing on a partner. But what happens if you enter into a bad business partnership in Wisconsin? Fortunately, there are several ways to deal with disagreements between you and… Continue reading Effective ways to deal with a bad business partner
When Wisconsin residents don’t see a way out of debt, they have the option of bankruptcy. Bankruptcy helps them eliminate certain debts through repayment under Chapter 13 or liquidation under Chapter 7. However, the debtor may wonder what may happen to their business after filing. Business under Chapter 7 Debtors commonly file Chapter 7 bankruptcy… Continue reading What happens to a business in bankruptcy?
Starting a business is the dream for many Americans. Entrepreneurial spirit is strong in Wisconsin, where people start all kinds of companies. Most small business people put a lot of thought into the services and products they want to offer. But many don’t put enough thought into the structure of their new business. In the… Continue reading Legal considerations for business formation
Wisconsin spouses who are thinking about divorcing will need to negotiate a variety of things. One of the major issues will be dividing the marital assets. As a community property state, Wisconsin law states that marital assets must be divided 50/50. While this might simplify the negotiations, it can bring up some major complications if… Continue reading Saving the business when the marriage fails
Data compiled by the U.S. Chamber’s Institute for Legal Reform shows that small businesses here in Wisconsin and elsewhere in the country spend as much as $100 billion annually on litigation. There are three primary reasons that companies end up getting sued. They’re sued by an employee, a customer or another company. There are some steps… Continue reading What are common reasons for litigation among businesses?