For individuals and businesses in Louisiana who are engaged in commercial real estate and development, issues with contractors, building projects and labor liens may arise. Questions concerning what a labor's lien is and how it can impact your business may come up from time to time and understanding how a labor's lien works can be important. In general, a labor's lien is a lien placed on property by a contractor or other vendor who has performed work on the property. The labor's lien is used to ensure the contractor receives payment on the contract for the project.
What is a labor lien and how can it impact my business?
Branch banks in Baton Rouge acquired by new company
Acquisitions and mergers are often important growth opportunities for businesses. An out-of-state bank is acquiring banks in Louisiana and Florida. The total cost of acquiring all the banks in both states is $33 million. The acquisition will give the parent company $1.6 billion in assets in four states, including Louisiana.
What should I consider when starting a business?
The entrepreneurial path can be challenging but rewarding. This blog recently discussed business plans which are important but it is also important to note that there are a number of important steps to be familiar with when establishing a business. Initially, most businesses start with brainstorming ideas. New entrepreneurs may be focused on providing a product or service they are passionate about or filling a gap in the market. It is important to evaluate your competition and understand how you can provide a superior product or service.
Knowing how to address a breach of contract is important
A breach of contract can result in serious financial injuries to the non-breaching party. The non-breaching party may be an individual or business and a breach of contract can cause harm to them and may also cause harm to business relationship, as well as causing harm to business interests.
