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If a contractor’s work fails after a project is complete, completed operations insurance can help cover some of the expenses. It is sold as an extension to your general liability insurance policy and may be required by the state you work in or the project owner. Learn more: The most common types of insurance policies in construction.
The original contract documents for construction, design, and construction administration provided contractual notice requirements, forum requirements whether trial or arbitration, choice of law which is this case was Texas law, applicable standards of care for the general contractor and architect, and insurance policy coverage amounts.
Knowing which markets to serve, when to hire more people, when and how to acquire loans, lines of credit, bonds, performance bonds, insurance cost savings, business planning and your overall construction company business strategy. Equipment auctions and listen to contractors explain why the bank repossessed everything.
The Bankruptcy Court for the Northern District of Illinois recently ruled that a contractor who falsified waivers of lien engaged in fraudulent conduct and his debt to the bank was non-dischargeable. . | New York allows contractual indemnification » September 22, 2005. Waivers of liens: fraud. Add me to your TypePad People list.
Your business credit report also provides necessary information about your company, such as your business background, ownership and subsidiaries, financial information, any bankruptcies, risk scores, and banking, trade, and collection history. Lessons Learned From Previous Housing Market Disruptions.
CAPCO financing, an alternative to conventional bank financing, can accommodate a slightly higher risk profile and provide a more flexible structure for growing businesses. The exceptions are for financial institutions, financial institution groups, and insurance companies that have a maximum business privilege tax of $3,000,000.
That’s true in the most basic sense, although your spouse, your boss, and especially your insurance company may disagree if you leave the bird in a heap of smoldering wreckage. . But the one most steeped in irony is, “Any landing you walk away from is a good one.” Advertisement. . So, what makes a truly good and successful flight?
CAPCO financing, an alternative to conventional bank financing, can accommodate a slightly higher risk profile and provide a more flexible structure for growing businesses. The COMMERCIAL FISHING AND AGRICULTURE BANK provides loans to fishing, tourism, natural resources and agriculture-based projects.
Start right by registering, licensing, and insuring your business. Get the proper license and insurance according to your state’s requirements. Obtain a business bank account and any software or staff you’ll need for accounting and bookkeeping. We have a contractor licensing guide for every state you can refer to.
Get registered, licensed, and insured before anything else. Get the proper license and insurance according to your state’s requirements. Obtain a business bank account and any software or staff you’ll need for accounting and bookkeeping. It’s important to keep your business’ finances separate from your personal accounts.
Get off to a good start with registration, licensing, & insurance. Get the proper license and insurance according to your state’s requirements. Obtain a business bank account and any software or staff you’ll need for accounting and bookkeeping. Establish a plan for growth that will transform your business.
Lay the sheathing: Registration, licensing, and insurance. Get the proper license and insurance according to your state’s requirements. Obtain a business bank account and any software or staff you’ll need for accounting and bookkeeping. It’s important to keep your business’ finances separate from your personal accounts.
Innovation Or Bankruptcy. We have taken steps to select the best of the best Intuit Approved Commercial Hosting Service to ensure that your data is as secure as that found for online banking and financial institutions. With the same security as Online Banking, your data could not be safer. Need Periodic Invoices For Bank draws.
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