Category Archives: Business Law

  • WHAT DO WE DO ABOUT THE SBA EIDL LOAN WHEN SELLING OUR BUSINESS?

    WHAT DO WE DO ABOUT THE SBA EIDL LOAN WHEN SELLING OUR BUSINESS?

    According to the SBA, any business that took out an Economic Injury Disaster Relief loan (“EIDL Loan”) in excess of $25,000.00 and wishes to sell or transfer ownership of the business through a merger, stock sale, or asset sale will require SBA approval.  During the initial phase of funding for EIDL loans over $25,000.00 the SBA required a security interest in the assets of the business, but no personal guarantee....

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  • Finding YOUR Yellow Tux

    Finding YOUR Yellow Tux

    By Melissa S. Miller Over the past few weeks, I have had the pleasure of reading two fantastic books – Find Your Yellow Tux by Jesse Cole and The High 5 Habit by Mel Robbins for The Miller Law Firm, P.A.’s YouTube channel.  The first book is about creative management; the second book is about self-encouragement and care. As I sat down to write this blog (a space we typically reserve for an in-depth exami...

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  • CLOSING DURING COVID

    CLOSING DURING COVID

    2021 was the year some small business owners simply gave up.  When the government changes the rules seemingly every week it can be difficult to keep up.  Owners who were thinking about selling before the pandemic may have decided to hasten their departure and ride off into the sunset leaving COVID regulations worries far behind. But what do business owners selling during COVID have to consider in relation...

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  • The Power of the Personal Guarantee

    The Power of the Personal Guarantee

    Whether you are a commercial Landlord, financing the sale of a business, a commercial Tenant, or financing the purchase of a business or real estate, you have likely heard of a personal guarantee.  The question is how much does it protect you as a creditor and how much liability exposure does it create as a guarantor.  Like most areas of law, the only “guarantee” your attorney should provide is “It depends....

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