Bowes, Petkovich & Palmer, LLC

Small businesses are the lifeblood of communities and economies, often embodying a dream realized or a legacy carried forward. Central to the longevity and success of small businesses is the orderly transfer of ownership when the inevitable happens — the departure of an owner, whether through death, disability, or another triggering event. Enter the buy-sell agreement, a critical tool for small business owners that is often overlooked until it's too late. In this comprehensive guide, we will illuminate why buy-sell agreements are indispensable for small business owners and how to navigate their complexities to safeguard the future of your enterprise. Buy-Sell Agreements Unveiled The Foundation of Business Continuity A buy-sell agreement is a legally binding contract that establishes the conditions under which a co-owner or the business itself can buy out the interest of another co-owner upon specific triggering events. Essentially, it's a prenup for business partners, de...

Navigating the intricacies of rental agreements and tenant evictions is a crucial aspect of property management. For those involved in the housing sector, such as property managers and landlords, a solid understanding of the Section 8 eviction process is indispensable. Section 8 of the Housing Act 1937 affords low-income households the opportunity to afford housing, promising vendors subsidies on behalf of residents. However, like all rental arrangements, this can sometimes lead to evictions, necessitating a detailed understanding of the process. In this guide, we'll demystify the Section 8 eviction process, detail the common reasons for evictions, and provide the essential legal considerations for those managing such properties. We aim to equip you with the knowledge to handle evictions effectively, while also emphasizing preventive measures to proactively manage tenancies. Understanding Section 8 evictions is key to maintaining a fair and consistent rental environment while en...

Efficient and knowledge-driven response to tenant issues through Louisiana eviction law is a critical task for apartment community managers. It's a legal minefield where understanding and adherence to detailed state laws are not just for alleviating problems but also a solid avenue towards maintaining a compliant, successful, and safe living environment within your property. This in-depth guide is tailored to apartment managers in Louisiana, providing clarity on eviction regulations, essential legal procedures, common case scenarios, and best practices to uphold the law while protecting property interests. Overview of Louisiana Eviction Law Apartment managers are the frontline guardians tasked with upholding property policies that are grounded in Louisiana's intricate eviction laws. The state mandates a series of legal requirements, ranging from notice periods to judicial proceedings, all designed to ensure fair resolution in rental disputes, while also safeguarding tenant...

  Disability is defined as the inability to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment or combination of impairments that can be expected to result in death or that has lasted or can be expected to last for at least 12 consecutive months.  This standard is analyzed in 5 steps :   Step 1 – Substantial Gainful Activity:   First, the Social Security Administration (SSA) wants to know if a person is still working.  If someone is working and earning a certain amount each month, SSA will consider them to not be disabled, regardless of any actual disability.  A person will not be able to receive benefits while they are currently engaging in substantial work.   Step 2 – “Severe” Medically Determinable Impairment:   SSA then determines whether a person has a “severe” impairment.  For an impairments to be “severe” it must significantly limit a person’s ability to perform basi...

  In the complex web of finance and law, the guidance of a skilled attorney is often the beacon that leads creditors through the murky waters of bankruptcy. For financial institutions and creditors in Louisiana, the landscape of bankruptcy regulations can seem ever-changing and daunting. However, by understanding the importance of a Louisiana creditor bankruptcy attorney and how they serve creditors' interests, you can ensure that your institution is prepared to navigate the intricacies of the process with precision. The Basics of Creditor Bankruptcy in Louisiana Bankruptcy law is a multifaceted arena containing various pitfalls and opportunities. For creditors, the primary goal is often to recover owed debts or ensure the best possible outcome in a bankruptcy proceeding. Whether you encounter a Chapter 7 liquidation, Chapter 11 reorganization, or Chapter 13 individual repayment, your approach as a creditor necessitates acute legal insight. A creditor bankruptcy attorney in ...