article thumbnail

#130:  Secured Lenders' Rights to Construction Contract Payments

NH Construction Law

Worse, a lawsuit against the general contractor or subcontractor for breach of contract after abandonment of the project will almost certainly be futile; the default on its loan usually signals that it won’t be able to pay a judgment and is probably headed for bankruptcy. Reading Cooperative Bank v. Suffolk Construction Co. ,

article thumbnail

Stop Bookkeeper Embezzlement In Your Construction Company

Contractor Bookkeeping

Being Ripped-Off And Driven Into Bankruptcy! This is, always has been and will continue to be a major headache and in some cases the direct cause for construction company owners to file business and personal bankruptcy. 13 - Your Bookkeeper - Is the primary contact for your company''s banks, auditors, creditors, etc. #14

professionals

Sign Up for our Newsletter

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

article thumbnail

Cover Story: 2014 Business Facilities – Metro And Global Rankings

Business Facilities

Construction officially started on the $600-million facility in April 2013 and aircraft assembly is planned to begin in 2015, with a targeted 2016 delivery of its first A320 jetliner. Yes, we know that Detroit became the largest city in history to file for bankruptcy protection, a process the city is expected to emerge from this year.

Metro 111
article thumbnail

FAQ's About Outsourced Contractors Bookkeeping Services

Contractor Bookkeeping

Innovation Or Bankruptcy. We have taken steps to select the best of the best Intuit Approved Commercial Hosting Service to ensure that your data is as secure as that found for online banking and financial institutions. With the same security as Online Banking, your data could not be safer. Need Periodic Invoices For Bank draws.

FAQ 49
article thumbnail

State by State Incentives Guide

Buisness Facilities Contributed Content

CAPCO financing, an alternative to conventional bank financing, can accommodate a slightly higher risk profile and provide a more flexible structure for growing businesses. As part of the More Alaska Production Act passed in 2013, as of January 1, 2014, this credit will only apply to areas outside the North Slope.

Income 108
article thumbnail

STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

CAPCO financing, an alternative to conventional bank financing, can accommodate a slightly higher risk profile and provide a more flexible structure for growing businesses. The COMMERCIAL FISHING AND AGRICULTURE BANK provides loans to fishing, tourism, natural resources and agriculture-based projects.

Income 75