Archive for July 2009

The Alert is out!

Posted on Friday, July 31, 2009

If you notice any changes in the writing style in this latest issue of the Alert, it’s because my assistant, Erin Sierchio, took on the job for me. After years of writing our newsletter with little assistance and only one short break, I’ve finally found the perfect person to tackle this major task. Erin has a degree in English and has been with Parasec now for over a year. During her time with us, she has educated herself about what we do and she is now able to handle the vast majority of the writing requirements.


I will still be actively involved in writing my column as well as in editing and assisting on any articles where Erin is uncomfortable with her knowledge of the subject. I’m looking forward to spending some of my newly freed time developing new and informative continuing legal education seminars, and getting those seminars onto the internet as Webinars, which will allow our clients to access the information more readily.

The Alert will continue to maintain its high standards for providing current and relevant information and we look forward to any input you may have that will help us to continue to improve on our format and presentation.

Read it in its entirety here.

Leave a comment

2009 American Recovery Capital Program

Posted on Thursday, July 9, 2009

A new program called the 2009 American Recovery Capital Program has been rolled out under the direction of the Small Business Administration. This program will provide interest-free loans of up to $35,000 to small, private businesses. The specific purpose of the program is to offer companies experiencing financial hardship a source of capital to pay principal and interest on existing debt so they can utilize their cash flow to support the business and maintain company jobs.

These loans will be available until September 30th, 2010 - unless the money runs out sooner. Some of the criteria which must be met in order to qualify include:

  1. The company must be a minimum of two years old

  2. The company must be private and for-profit

  3. The company cannot employ more than 500 employees

  4. The company must be able to show a current financial hardship

A financial hardship can be identified in a number of ways, but could include a significant decrease in revenue, total sales or working capital.

For more information about the details of the program, go here. You can also call to talk with a representative who is knowledgeable about this program from 8am to 9pm EST Monday through Friday. The number is 866.947.8081.

Leave a comment

Add Indiana to the Growing Number of States Condemning Corporate Harassment

Posted on Monday, July 6, 2009

The Marion County Indiana Superior Court recently issued a permanent injunction against the following companies, preventing them from sending written notices or transmissions that might be confused to be from a government entity:
  • Indiana Corporate Compliance

  • International Corporate Compliance, Inc

  • Papillon Global Marketing, LLC

As in many other states, these notices indicated that businesses were required to pay a record-keeping fee of up to $150 and implied that the notice was from a legitimate government agency. A number of people have acknowledged that they were mislead by these letters and sent in the requested money. A hearing is scheduled to determine if damages will be awarded to the victims of the scam.

Leave a comment