Categories
Business

A Short Checklist for Closing Your Business

a-short-checklist-for-closing-your-business

While it is always up to you how you want to end the business, as any lawyer in Hollywood, Florida would tell you, it is never wise to close down without a plan.

At the very least, you need to consider your impact on your staff, cosigners, and lenders, and the whole community. That said, having no plan could leave you in debt and with lawsuits for years; not to mention, the headache, too.

As your legal partners and home to the best attorney in Hollywood, Florida, let us at THE ADVOCATE CONSULTING LAW GROUP help you by listing down some of what you need to do consider before when closing down your business.

  • Notify and pay your employees, your creditors (suppliers, lenders, service providers, and utilities), and your customers
  • Deal with any remaining contractual obligations—collect outstanding accounts receivable and sell off your inventory
  • Settle or pay your debts to the extent possible; prioritized to protect your liability
  • Cancel state or county permits and licenses such as your seller’s permit, and business license, etc.
  • Dissolve your corporation or LLC or partnership
  • File your final employment-related tax returns such as IRS Form 940, IRS Form 941, etc., and your final federal and state payroll deposits.
  • File your final income tax returns, checking the box stating that this is your final return.

Between your liabilities to your partners and tax responsibilities, you need to be able to work with the best attorney in Hollywood, Florida possible.

Our law firm houses the best lawyer in Hollywood, Florida for your closing needs. Schedule a consultation with us today.

Categories
Lawyer

Reasons to Make Finding the Right Lawyer a Priority

reasons-to-make-finding-the-right-lawyer-a-priority

As advocates for your rights and the home for the best attorney in Hollywood, Florida, we know that being involved in lawsuits, personal accidents, foreclosures, and the like are emotionally distressing situations.

Unfortunately, these can also cause you to make hasty decisions such as not doing due diligence before hiring an attorney in Hollywood, Florida to represent you.

Needless to say, hiring a lawyer on a whim can cause you significant difficulties. You are supposed to rely on them for legal advice and give them access to sensitive and confidential information so you need to be able to trust them.

Avoid this costly mistake by making sure that you get the right lawyer at the get-go. Still unconvinced? Here are specific reasons you should:

  • There are specialties in law
    Just like how you would go to an eye doctor for your eye problems and not a surgeon, you would not to a personal injury lawyer to help your child custody battle.
  • Changing your lawyer mid-case can be inconvenient
    You have the option of changing lawyers if you are unsatisfied but it still involves forging a new relationship which isn’t the most convenient when you’re in a heated legal battle.
  • Delays are costly
    Landing on a ‘bad’ lawyer is rare but it happens. And while you won’t have to pay for penalty fees when switching counsels, the time you spend scouring for the best lawyer in Hollywood, Florida can add up on the delays on filing, securing evidence, etc.—all of which have real costs in time and resources.

THE ADVOCATE CONSULTING LAW GROUP houses the best lawyers in the state. Get in touch with us today for all your legal needs.