8 Things to Know About Tax Deductibility of MCA Costs
The funds you received from a merchant cash advance were not income. That much is clear. What is less clear, and what trips up business...
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Criminal Defense Blog
Expert analysis, legal guidance, and insights from the attorneys at Spodek Law Group. Stay informed about your rights.
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7 Things to Know About MCA Debt When Closing Your Business
Closing a business does not close a merchant cash advance. The obligation persists after the entity dissolves, the doors lock, and the revenue that was...
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7 Hidden Costs an MCA True Cost Calculator Should Account For
Most MCA calculators perform one operation: they multiply the advance amount by the factor rate and return the total repayment. That figure is correct as...
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8 Actions to Take When an MCA Company Threatens Your Employees
Your receptionist does not owe the MCA company anything. Your office manager signed nothing. Your warehouse staff made no personal guarantee. And yet the phone...
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Business Debt
7 Facts About Assignment for Benefit of Creditors as a Business Exit
The business that cannot be saved can still be closed well. An assignment for the benefit of creditors offers a mechanism for that closing, one...
Read Article8 Takeaways From Slice Merchant Cash Advance Reviews
Slice Merchant Services operates at the intersection of payment processing and business funding, offering merchant cash advances alongside its point of sale systems. That dual...
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UCC Liens
5 Legal Strategies to Fight a UCC Lien You Disagree With
Disagreement with a UCC filing is not the same as helplessness. The Uniform Commercial Code provides a structured set of remedies for debtors who believe...
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5 Things to Know About MCA Split Withholding Arrangements
Split withholding is the arrangement that MCA funders prefer you never fully understand. Under this structure, your credit card processor diverts a fixed percentage of...
Read Article7 MCA Debt Relief Options for Wisconsin Small Businesses
Wisconsin’s criminal usury statute caps interest at eighteen percent for licensed lenders. That number matters, because most merchant cash advance agreements, once their effective annual...
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Business Debt
7 Things to Understand About MCA Participation Agreements
Behind every merchant cash advance sits a contract. Behind many of those contracts sits another one: the participation agreement. This second document governs who actually...
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