Every contractor knows that a good foundation and building structure is essential to having a quality building. A poor beginning or lack of maintenance often spells trouble down the road. Among the basics when starting a construction business, an owner should determine what type of entity is best for liability protection purposes and for tax purposes. Basic considerations for liability protection include: both a corporation or a limited liability company (LLC) formed under state law generally limit liability to the value of assets owned by the corporation and avoid personal liability of the owner(s);
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Mechanic’s Liens and Bankruptcy: Can You Still File a Mechanic’s Lien after a Bankruptcy has Been Filed?
The answer is yes, if your state mechanic’s lien laws provide that the lien "relates back" to a time before the bankruptcy case was filed. However, if you are in a state where your mechanic’s lien does not relate back, the automatic stay prevents you from filing your mechanic’s lien and may void your mechanic’s lien if filed within 90 days of the bankruptcy filing. This important distinction among statutes has to do with when the lien arises. While all states have mechanic's lien laws, they differ in the manner in which a creditor creates, perfects and/or enforces the lien.
What does Right to Work Mean?
LEED (Leadership in Energy & Environmental Design) certification is one of the most popular green building certification programs that is used throughout the world. The program was developed by the U.S. Green Building Council to provide building owners and developers with a framework to identify and implement practical design, construction, and maintenance of green buildings to foster environmental responsibility and the more efficient use of resources.
[caption id="attachment_800" width="620"] Republican presidential candidate, businessman Donald Trump speaks during the Fox Business Network Republican presidential debate at the North Charleston Coliseum, Thursday, Jan. 14, 2016, in North Charleston, S.C. (AP Photo/Chuck Burton)[/caption]