Can a Shareholder be Liable for Corporate Debt?
Although the personal liability of shareholders is generally limited to their investment in a corporation, there are circumstances under which corporate protection from personal liability can be set aside by the courts. The basis for setting aside such protection is...Before Heading to the Junkyard
In a recent California case, a coin laundry operator took possession of a closed location, which contained a number of washers approximately 20 years old and cannibalized for parts over time. In assuming possession of the location, the coin laundry operator installed...Before Heading to the Junkyard
In a recent California case, a coin laundry operator took possession of a closed location, which contained a number of washers approximately 20 years old and cannibalized for parts over time. In assuming possession of the location, the coin laundry operator installed...My Neighbors Tree Offends Me! Can I Get Out the Ax?
So your neighbor has trees. Large trees. Large trees with offending branches and roots. In fact, your local fire department is considering citing you because the branches of one of these offending trees are perilously close to your chimney. One day, you notice that...Don’t Forget to Lock Up
At approximately 5:00 a.m. on a day in August, a few years back, a female tenant was assaulted in her Inglewood, Calif., apartment by an unknown assailant who was later caught and identified. The culprit had apparently entered through a window in the dining area of...The Times Are A-Changin’… Quickly!
Originally posted – Apr 09, 2012 Once upon a time a myth was perpetuated and accepted that all you had to do was keep your money in the stock market, and you would eventually become wealthy and retire, surrounded by palm trees, at age 65 to a life of ease and...Keeping the Doors Open
Originally posted – Jun 25, 2012 When it comes to how often businesses fail and how long it takes to fail, it’s difficult to separate fact from fiction. Of course, if you listen to the experts, starting a small business seems to be right up there with...The Big Ten
Originally posted – Feb 05, 2014 Most people seem to love lists. Maybe it’s because we live in an era of overstimulation, especially in terms of information – and lists tend to bring order to the chaos. Perhaps it’s because lists help you...Get Psyched Up!
Originally posted – Oct 04, 2013 Knowing yourself is the beginning of all wisdom” – Aristotle In my view, the only thing perpetually common to your laundry business is you. Customers come and go, attendants come and go, landlords come and go… even machines...
CLA Business Solutions
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New Laundromat Entrepreneur
Get this free guide to the laundry industry that will help you navigate your start-up. This is the definitive handbook from the CLA for potential investors interested in purchasing or building a laundromat.