As of October 1, 2026, the process, requirements, and standards for SBA 7(a) loans for change of ownership transactions will change significantly.
Liquidated damages provisions establish an agreed-upon figure or formula for calculating damages, regardless of and instead of the party's actual losses.
In Part 2 of Craig Zucker’s conversation with Todd Sachse, Todd shares insights on leadership, company culture, reputation, and building a business designed to last for generations.
In Part 1 of a two-part episode of Forward Focus, Todd Sachse discusses entrepreneurship, risk-taking, and building Sachse Construction into a leading Detroit company.
Under Michigan law, a lender wanting to receive compound interest upon default must specifically provide as such in the note's terms; otherwise, it will be calculated as simple interest.
Artificial intelligence is already inside most companies, whether legal likes it or not.