Archive for January, 2012

How To Prevent Business Fraud

Tuesday, January 17th, 2012

As we grow up we experience many things in our lives that shape and form our personalities and character, which ultimately make the individuals we are today. Our parents teach us that our behavior impacts situations and others around us and impact our options that we have. However, one of the most important things that our parents could have taught us is that of right and wrong and how it is not only viewed, but the reactions to both. Yet, one has to think that with the world we live in today was everyone taught that lesson?

Small business owners are already in a rut thanks to the economic state the United States is currently in. Business owners are making sure that their profits are still coming in and the customers are still present. With so many things dealing with their overall business already one could probably not imagine that of yet another issue. However, business fraud is something that can be equally real and seen within many businesses all across the country.

When protecting you and your business you should make sure to take precautionary steps in order to make sure that your business does not face the possibility of being able to confronted fraudulently. When an employer is adding more employees to their business it is advised that a full background check is done in order to make sure that there have not been any past discrepancies.

A business should also have one set employee to be in charge of a system of checks and balances in order to report the possibility of suspicious behavior or actions that are or have taken place. Random audits are also a great idea to make sure that all money is being counted for exactly and properly.

Even though we would like to trust everyone out there the world simply is not like that. Business fraudulency is a real crime and offense and can impact a business in more than one way in the present and future.

In this day in age you need an individual you can count on, and at the Law Offices of Thomas D. Reino you get what you see. For more information on business law, or to get business law legal council please contact us by either phone at 817.303.2133, or by fax at 972.264.0891.

Small Businesses Look Forward To More From Banks

Friday, January 13th, 2012

Today, one aspect of life from individual to individual is that of money. We rely on money for many different things on a day-to-day basis. From food, gas, clothing, necessities, luxuries, and just paying the regular bills we are use to money is what we are expected to take care of all of these with. With a recession in hand individuals are cracking down on expenses and differentiating as to what is a necessity and what is not. However, what is the recession doing for small and large businesses alike not only in Texas, but nation wide?

Currently, the recession has been expanded to a longer period of time than that of what it was originally thought to last. Many variables and ideas have been theorized as to why this is occurring. One largely believed idea is that of banks, and what is truly at hand.

Many banks have had to tighten up on that of lending money and loans, especially to smaller businesses. However, small businesses depend on these for many different things and even when the possibility of expansion is present.

Recently, banks throughout Texas have not only identified the issues, but have also promised to set a new standard with a new year currently upon us. Banks within the Austin area have vowed to increase lending to small businesses within the time period of three years that amounts up to $20 billion. With this new promise on the horizon many businesses have begun to hire on more employees and are beginning to look at more and more possibilities of expansion to help increase business and employment opportunities.

Inevitably, one thing that Americans are starting to understand is that money stimulates money, and without stimulation you cannot have a reaction, especially a positive one in which many citizens and businesses need alike. In the future, one can only hope with so many possibilities existing that not only will the recession decrease, but also the economic prosperity increase.

In this day in age you need an individual you can count on, and at the Law Offices of Thomas D. Reino you get what you see. For more information on business law, or to get business law legal council please contact us by either phone at 817.303.2133, or by fax at 972.264.0891.