Reprinted from NEFA Newsline (Sept/Oct 2015), p. 46-48 IN THEIR OWN WORDS ... The Benefits of Association As a special addition to this year's Funding Symposium issue, Newsline spoke with executives from five firms - two broker/lessors, two service providers and a funding source - that joined the National Equipment Finance Association in 2015. Our aim was simple: to find out a bit more about their companies and what compelled them to ...

For most small businesses, the toughest aspect of running the operation is managing cash flow. Most small businesses depend on timely payments from their clients to pay their own bills. However, in difficult times such as these, clients often stretch payment of their invoices to 60 days or longer. In order to be able to pay bills without having collected its receivables, a small business must have access to cash ...

As published in the Commercial Lease Law Insider, September 2015 A new trend is occurring whereby landlords are being held liable for the illegal activities of their tenants - regardless of the landlord's involvement in those illicit activities. This trend is extremely disconcerting and requires landlords to take unprecedented measures and exert significant efforts to protect themselves from liability exposure to court-awarded damages for their tenant's illegal activities. No landlord ...

A new phenomenon is occurring in the work force that can be found in all levels of hiring regardless of one's pay grade. Companies are spending massive amounts of money to audition potential hires by having them take personality tests as part of the job interview process. By doing this, employers hope to fight employee turnover, increase productivity and raise customer satisfaction by making sure they find the right candidate ...

A recent decision by the California Labor Commission has greatly shaken the California business community. The ruling found that an Uber driver is an "employee" and not an "independent contractor" as the entire industry had previously presumed. Although this decision only pertains to that specific case, it could end up changing the entire business model for this rapidly growing industry now known as "sharing economy." Sharing economy refers to a ...

California courts have been devastated by deep budget cuts. In California, over 50 courthouses have been shut down and over 250 courtrooms are now closed. Fewer courtrooms and fewer judges mean that it takes longer to get into court and that could be highly relevant to any business seeking legal redress from damage caused by the oil spill that affected the Gaviota Coast shortly before Memorial Day. These victims are ...