What Is a Promissory Note?
A promissory note is a written promise to pay a specified amount within a specific time period. This type of document is used by the...
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Fiffik Law Group, PC
- Jul 13, 2022
- 5 min
Personal Guaranty Loopholes
Obtaining financing is one of the biggest challenges facing business owners. Virtually every bank will require a personal guaranty before...
Fiffik Law Group, PC
- Jun 22, 2022
- 3 min
Property Investor Advice: Don’t Skip the Tenant Estoppel Certificate
When acquiring commercial real estate, its vitally important to engage in detailed due diligence investigation to limit the possibility...
Fiffik Law Group, PC
- May 3, 2022
- 5 min
Does Your Business Need a Power of Attorney?
The business owner tends to sit firmly at the heart of the strategy, tactics, and structure that defines a small business. As a result of...
Fiffik Law Group, PC
- Jan 25, 2022
- 3 min
Hidden Risks of Personal Liability For LLC Owners
By Michael Fiffik, Esquire As a lawyer who helps launch hundreds of companies annually, I am often asked whether forming a limited...
Fiffik Law Group, PC
- Jan 25, 2022
- 4 min
I’m Outta Here! Can You Walk Away From an LLC?
By Michael Fiffik, Esquire It is impossible to predict if or when a business arrangement will break down. Businesses often run into...
Fiffik Law Group, PC
- Sep 30, 2021
- 3 min
7 Amazing Facts About Black-Owned Businesses
August is National Black Business Month in America, a time when individuals and businesses recognize Black-owned businesses across the...
Fiffik Law Group, PC
- Feb 7, 2021
- 5 min
Proven Ways to Avoid a Personal Guarantee
In part one, Remarkable Truth About Personal Guarantees, we explained what a personal guarantee is and the risks that they present to the...
Fiffik Law Group, PC
- Feb 7, 2021
- 5 min
Remarkable Truth About Personal Guarantees
As everyone who is even remotely familiar with comic books knows, kryptonite is the one weakness of the otherwise indestructible...
Fiffik Law Group, PC
- Apr 24, 2020
- 1 min
SMALL BUSINESSES HAVE CLAIMS AGAINST INSURERS FOR COVID-19 LOSSES
Small businesses losing lots of money during the COVID shutdown may expect insurance to cover their losses. Unfortunately, many insurers...
Fiffik Law Group, PC
- May 3, 2016
- 2 min
Do You Really Need an Operating Agreement for your LLC? Is the Sky Blue?
An operating agreement is the blueprint for how your business operates. In a business with two or more members, it’s easy to understand...
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