Remove Bankruptcy Remove Lien Remove Renovating
article thumbnail

Seven Things to Do When an Owner Doesn’t Pay

Constructonomics

I also know that the school district won’t dissolve all of a sudden or declare bankruptcy. File a Mechanic’s Lien (if you can). In Pennsylvania, the law states that you cannot file a lien on a purely public entity. Also, there is a timeline to file a mechanic’s lien.

Lien 186
article thumbnail

How to Start a Painting Business: 9 Keys to Growth & Success

Levelset

If you start growing without proper financial management, you will quickly find your company out of cash and in bankruptcy court. In the end, your business is a collection of many different processes—from simple phone greetings to deciding whether to file a mechanics lien for non-payment.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Start a Plumbing Business: 9 Tips for Growth

Levelset

If you start growing without proper financial management, you will quickly find your company out of cash and in bankruptcy court. In the end, your business is a collection of many different processes — from simple phone greetings to deciding whether to file a mechanics lien for non-payment.

article thumbnail

How to Start an Electrical Business: 9 Tips for Growth

Levelset

If you start growing without proper financial management, you will quickly find your company out of cash and in bankruptcy court. In the end, your business is a collection of many different processes—from simple phone greetings to deciding whether to file a mechanics lien for non-payment.

article thumbnail

State by State Incentives Guide

Buisness Facilities Contributed Content

Prevailing wage must be paid to workers involved in the construction or renovation. Funds may be used by large businesses for bondable business activities including financing the purchase of land or buildings, building construction or renovation, and certain types of machinery and equipment.

Income 108
article thumbnail

STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

The private sector participant finances 50 percent of the project cost and takes a first lien on assets pledged as collateral. The SBA takes a second lien on assets and finances up to 40 percent of the project cost, up to $1 million in some cases. Borrowers inject 10 percent in the form of cash or equity in real estate.

Income 75