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Category Archives: Business
The tax responsibilities that come with shutting down a business
There are many reasons a business owner may choose to close their doors, and there are many things that must be done to go out of business. Two important steps all business owners must take are fulfilling their federal tax … Continue reading
Posted in Business, General, Taxation
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Kmart Closing All but 16 Locations, Sears Closing All but 19
Another iconic superstore has announced that it will be closing all but 16 of its remaining locations in the coming months. Two years after being purchased out of bankruptcy along with Sears, Kmart continues to shrink its once-large footprint by … Continue reading
Posted in Bankruptcy, Business, General
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Report: 44 Percent of U.S. Small Businesses Have Less than 3 Months’ Worth of Cash
More than 18 months into the pandemic, bakery owner Letha Pugh is so low on cash that she’s afraid to spend it on anything other than paying her employees. She’s hardly alone: 44% of U.S. small businesses have less than … Continue reading
Biden administration to order large employers to mandate Covid-19 vaccine or weekly testing
This requirement will come in the form of a rule from the Department of Labor’s Occupational Safety and Health Administration and will apply to all federal employees, federal contractors, and businesses with 100 or more employees. Businesses that fail to … Continue reading
Pandemic Start-Up Boom Doesn’t Show Signs of Stopping
The pandemic seems to have boosted entrepreneurial activity so much that Americans filed paperwork to start 4.3 million businesses last year. This number is up 24 percent from the year before and by far the most since the government started … Continue reading
Posted in Business, General
Tagged COVID-19, economy, entrepreneur, pandemic, Small Business, start up
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Hospital Files for Bankruptcy
Americore Health and its four affiliated hospitals in Pennsylvania, Tennessee, Missouri and Arkansas filed for Chapter 11 protection, Becker’s Hospital Review reported. The three of the hospitals listed in the bankruptcy petition are: Ellwood Medical Center in Ellwood City, Alexius … Continue reading
Houlihan’s Restaurant Chain Files for Bankruptcy
The private-equity backed operator of the Houlihan’s Restaurant + Bar chain has filed for bankruptcy protection with a deal in-hand to sell the casual dining chain to fellow restaurant operator Landry’s Inc. for $40 million and assumption of some liabilities, … Continue reading
WeWork’s Loss Balloons to $1.25 Billon
Office-space startup WeWork lost $1.25 billion in the third quarter of 2019, as expenses far outpaced revenue growth, draining the company’s cash ahead of a bailout by SoftBank Group Corp. last month, the Wall Street Journal reported. We Co., as … Continue reading
Restitution Remanded
Today we’re going to be visiting a summary of State of Missouri vs. Gilbert Garcia, in the Missouri Court of Appeals, Western District – WD81687, regarding restitution. The court ruled the defendant had permission to charge construction items onto the … Continue reading
Posted in Business, Fraud
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Defendants Personally Liable
Today we’re going to be visiting a summary of Alpha Petroleum Company vs. Hani Daifallah, et al, in the Missouri Court of Appeals, Western District – WD82222 and WD82230 rules regarding corporations and other entities. An agent making a contract … Continue reading
Posted in Business
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