by Jason M. Gordon | Feb 23, 2025 | Commercial Law: Contract, Payments, Security Interests, & Bankruptcy
What is a Silent Automatic Lien?A silent automatic lien refers to a type of lien employed by the Internal Revenue Service (IRS). Often, it arises automatically upon the occurrence of a delinquent or unpaid tax obligation. It is not filed in public records the way that...
by Jason M. Gordon | Feb 23, 2025 | Business Transactions, Antitrust, & Securities Law
What is a Blank Check Company?A company that has no defined business operations or that is at an early stage in terms of business development is a blank check company. A blank check company is a company with no specific business plans, such a company thrive on the...
by Jason M. Gordon | Feb 23, 2025 | Commercial Law: Contract, Payments, Security Interests, & Bankruptcy
What is a Remittance Letter?A remittance letter, sometimes referred to as a remittance slip, is a letter attached to a payment that explains what the payment is meant for and provides explicit clarification so that the payment is made accordingly. For instance, if...
by Jason M. Gordon | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
What is a State-Owned Enterprise? A state-owned enterprise (SOE) refers to a business enterprise that is owned and controlled by the government, whether wholly or partially. A state-owned enterprise runs commercial activities to generate money for the government, such...
by Jason M. Gordon | Feb 23, 2025 | Real Estate, Personal, & Intellectual Property
What is a Tenancy at Will?Tenancy at will, also known as an estate at will, is a property tenure that does not involve a lease or any other form of formal or written agreements, and is only subject to the will of the landlord and the tenant. A tenancy at will does not...
