Counterparty bankruptcy: what transactions can be challenged and how to protect yourself?
When a bankruptcy proceeds, everything: creditors, a debtor, a bankruptcy trustee - are driven by a simple motive - to receive money. This gives rise to the struggle for the…

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How to manage expenses that are not budgeted
Unforeseen expenses need to be foreseen. Behind this seemingly absurd phrase lies an unfortunate truth: expenses not provided for by the budget are inevitable for any company. Force majeure, unexpected…

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Counterparty bankruptcy: what transactions can be challenged and how to protect yourself?
When a bankruptcy proceeds, everything: creditors, a debtor, a bankruptcy trustee - are driven by a simple motive - to receive money. This gives rise to the struggle for the…

Continue reading →

good consumer view

What fraudulent schemes of employees may affect the head of the company

Legislative fraud is the theft of another’s property or the acquisition of a right to it through fraud or breach of trust, which can be committed using an official position.

The criminal liability for fraud lies with the one who committed it. If an employee of the company turns out to be a fraudster, then it will be he who is responsible. Continue reading

What is an overdraft for a business and when is it needed?

Overdraft is a revolving credit line that a bank can provide to a company or individual entrepreneur to cover a temporary and short-term cash gap. This is actually a business credit card tied to your current account.

When do you need an overdraft?

There are a lot of options for using overdraft, it all depends on the specifics of your business. Continue reading

“The tail steers a dog”, or Three stories of real business
Svetlana Emelyanova, managing partner of STEP Consulting, shares three stories from business practice that describe the resistance of the company's employees to useful changes and innovations, and explains how to…

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“They will be pulled ashore and stunned with a stick”, or How to conclude a contract on your terms
One day, during a training on negotiations, a woman came up to me and asked: “We make cakes. Recently concluded a contract with the network. They stayed at a discount…

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How to work with foreign suppliers: 8 successful aspects, FineDesignGroup experience
One of the key factors for the success of a store is the product range that the customer likes. If the product is of high quality, the price is affordable,…

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For what violations can the head of the company be held criminally liable?
Any type of entrepreneurial activity is associated with certain risks. In particular, many risks are associated with the threat of criminal liability incurred by the head of the company. What…

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