ADP RUN articles

That said, once a lease agreement is signed, the rental cost is set in stone until the end of the agreement. In an up-and-coming area with consistently growing property values, 12 months of a fixed rental cost could mean you miss out on substantial incremental income from market increases. According to Home Buying Institute, the median home price in the U.S. rose by 8.1% over the past year and is predicted that prices would rise by 6.5% in the next 12 months.
In real estate, a written offer to […]

Chapter 7 bankruptcy is the most streamlined liquidation process, while Chapter 11 and Chapter 13 bankruptcies have more options for negotiations among parties. Bankruptcy is related to a company’s ability to meet its short-term debts (liquidity) and long-term debts (solvency). Solvency and liquidity are both measures of a firm’s financial health.
If that does not cover the debt, they will recoup the balance from the company’s remaining liquid assets, if any. A creditors&rsqu […]

The bank executives will provide the relevant reason and how to resolve the lien mark. The most important thing to note about liens is that they are legally binding. In the event of a default, the lender will claim whatever property it has liens on to cover the loan. Different types of liens can be invoked in various scenarios, but when it comes to small business loans, the lender and borrower agree on the lien. In most instances, liens secure your loan in the event of a default, which drives […]

Janet Berry-Johnson, CPA, is a freelance writer with over a decade of experience working on both the tax and audit sides of an accounting firm. She’s passionate about helping people make sense of complicated tax and accounting topics. Her work has appeared in Business Insider, Forbes, and The New York Times, and on LendingTree, Credit Karma, and Discover, among others. Liability may also refer to the legal liability of a business or individual. For example, many businesses take out liabi […]

This would place banks in a dilemma in deciding which terms to follow if required to look behind the credit agreement. As the term simply indicates a document (letter) pertaining to credit or loans, a Letter of Credit is issued when the seller promises the exchange of goods and services on the condition that the buyer provides acceptable credit documentation. This blog explores Letter of Credit in further detail, from its meaning, types to different elements. A standby letter of credit is a se […]

The lease agreement outlines the rights and responsibilities of the lessor and lessee. It details the consequences if either party does not comply with the terms and conditions. That often includes penalties and fees for the lessee, or the possibility of eviction or repossession if, say, payments are not made. The lease is then reviewed and then signed by both parties, perhaps with the help of an attorney. Big Bob’s Clothing is considered the lessee and Al’s Rental Company is consi […]