By Sharmil McKee on February 10, 2010
While having a small accounts-receivable balance indicates good financial management, (around 1.5% to 2.5% of your gross income), collecting past-due balances is a displeasing aspects of business. Studies show that 75% of receivables that are 3 months delinquent are paid. However, this number drops to 56% after 6 months. Therefore your delay in collecting past-due [...]
Posted in Litigation, Management, Start-ups | Tagged breach of contract, collections
By Sharmil McKee on February 7, 2010
Over 25 inches of snow fell in Philadelphia between February 5th and 6th. If you own property in Philadelphia, you have 6 hours from last snow fall to shovel and clear your sidewalks. Philadelphia Municipal Code 10-720. The code requires you to clear a path atleast 30 inches wide. If you fail to do so, you [...]
Posted in Headlines, Landlord Tenant, Management, Property
By Sharmil McKee on February 4, 2010
URL: Federal Agencies Issue Frequently Asked Questions on Identity Theft Rules
I believe that eventually companies will be held liable for identity thefts; particularly if the personal information was stolen from a company. A court, or jury, will eventually decide that a company has a duty to protect personal identity data, and failing to prevent the [...]
Posted in Management, Research | Tagged crime
By Sharmil McKee on January 15, 2010
The Center for Corporate Governance and Directors & Boards Magazine
Present
EVIDENCE & PERSPECTIVES SERIES:
“How to Get on a Board?”
January 26, 2010
Serving on a board of directors is an honor and a tremendous responsibility. It is the preeminent recognition of one’s experience, accomplishments and capabilities and of an individual’s potential to contribute to the strategic goals of [...]
Posted in Management | Tagged board of directors, small business events
By Sharmil McKee on August 3, 2009
We are in better shape than we thought
The Philadelphia Business Journal is reporting that the U.S. economy shrank at just 1 percent the second quarter, beating analysts’ expectations and providing fresh evidence that the effects of the economic downturn are weakening.
The GNP is a measure of the value of all goods and services produced in [...]
Posted in Management, Start-ups | Tagged economy, gnp, Management
By Sharmil McKee on April 10, 2009
I received this legal question by email:
We own a family business, an
S corp. Two brothers are equal share holders. We have a Board of Directors with three directors. We have three officers; One of the officers is also a 50% shareholder. The Wife of the Pres. who holds no office was printing financial reports and [...]
Posted in Asked and Answered, Board of Directors, Management | Tagged by-laws, family disputes
By Sharmil McKee on March 21, 2008
Small Pa. Law Firm Hit With $5.2M Overbilling Judgment | ABA Journal – Law News Now
This is one reason you should never ignore a lawsuit. Even if a creditor claims that you owe a certain amount, you have the right to challenge that figure. In this case, the foreclosed homeowners were overcharged for attorney fees. [...]
Posted in Management
By Paralegal on November 14, 2007
Newspaper (Murdoch Intends to Make WSJ’s Web Site Free)
The Wall Street Journal’s subscriber-based web site will likely be converted to a free web site once the acquisition of Dow Jones & Co. is complete, News Corp. Chairman Rupert Murdoch told shareholders in Australia Tuesday.
Do you have a legal question? We offer free consultations regarding this [...]
Posted in Management | Tagged Research
By Paralegal on October 24, 2007
Deb Shops sale is final | $publication | 10/24/2007
Deb Shops sale is final
INQUIRER STAFF
The deal to sell Philadelphia-based Deb Shops Inc. to a private equity group is complete, the companies announced today. Lee Equity Partners L.L.C. bought the Deb Shops, which sells clothing for juniors, for $395 million. Deb Shops operates 347 stores in 43 [...]
Posted in Management
By Paralegal on February 25, 2007
Philadelphia Inquirer | Convenience store beer-sales license ruled improper
“Convenience store beer-sales license ruled improper Pennsylvania alcohol regulators improperly licensed a convenience store to use a beer-sales license for take-out purposes, a state appeals court ruled yesterday.
Voting 4-3, Commonwealth Court judges said a “retail dispenser” license that the Liquor Control Board issued to a Sheetz Inc. [...]
Posted in Management
