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Faced 5+ Years in Prison

People Vs Joseph Amico

Covered by NYDaily News. Las Vegas man accused of threatening a prominent attorney and making vile remarks.

Faced 10+ Years in Prison

People Vs. Anna Sorokin

Covered by New York Times, and other outlets. Fake heiress accused of conning the city’s wealthy, and has an HBO special being made about her.

Faced 3+ Years in Prison

People Vs. Genevieve Sabourin

Accused of stalking Alec Baldwin. The case garnered nationwide attention, with USAToday, NYPost, and other media outlets following it closely.

Faced Potential Charges

Ghislaine Maxwell Juror

Juror who prompted calls for new Ghislaine Maxwell trial turns to lawyer who defended Anna Sorokin.

Why Choose Us

Clients can use our portal to track the status of their case, stay in touch with us, upload documents, and more.

Regardless of the type of situation you're facing, our attorneys are here to help you get quality representation.

We can setup consultations in person, over Zoom, or over the phone to help you. Bottom line, we're here to help you win your case.

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Meet Todd Spodek

WE PROVIDE WHITE GLOVE SERVICE TO CLIENTS
WHO WANT MORE FROM THEIR ATTORNEY

The Spodek Law Group understands how delicate high-profile cases can be, and has a strong track record of getting positive outcomes. Our lawyers service a clientele that is nationwide. With offices in both LA and NYC, and cases all across the country - Spodek Law Group is a top tier law firm.

Todd Spodek is a second generation attorney with immense experience. He has many years of experience handling 100’s of tough and hard to win trials. He’s been featured on major news outlets, such as New York Post, Newsweek, Fox 5 New York, South China Morning Post, Insider.com, and many others.

In 2022, Netflix released a series about one of Todd’s clients: Anna Delvey/Anna Sorokin.

Why Clients Choose Spodek Law Group

The reason is simple: clients want white glove service, and lawyers who can win. Every single client who works with the Spodek Law Group is aware that the attorney they hire could drastically change the outcome of their case. Hiring the Spodek Law Group means you’re taking your future seriously. Our lawyers handle cases nationwide, ranging from NYC to LA. Our philosophy is fair and simple: our nyc criminal lawyers only take on clients who we know will benefit from our services.

We’re selective about the clients we work with, and only take on cases we know align with our experience – and where we can make a difference. This is different from other law firms who are not invested in your success nor care about your outcome.

If you have a legal issue, call us for a consultation.
We are available 24/7, to help you with any – and all, challenges you face.

Texas Business Owners Guide to Debt and Financing

Texas Business Owner’s Guide to Debt and Financing

As a business owner in Texas, having access to sufficient capital and managing debt effectively are critical to the success and growth of your company. This guide covers key financing options, strategies for managing debt, and resources to help Texas business owners make informed decisions when it comes to funding their operations.

Financing Options for Texas Businesses

When starting or expanding your Texas business, you have several options to access capital:

Business Loans

One of the most common sources of financing for small businesses are loans from banks or alternative online lenders like Kabbage and Lendio. The most popular loan types include:

  • SBA Loans – Backed by the Small Business Administration, these offer long repayment terms and lower rates. However, the application process can be lengthy.
  • Term Loans – Issued for a fixed amount and a set repayment schedule of usually 3-7 years. These can provide larger loan amounts than SBA loans.
  • Business Lines of Credit – Provide access to a revolving pool of capital up to a set limit. These are flexible options allowing you to only pay interest on what you use.
  • Equipment Financing – Funding specifically for acquiring equipment like machinery and vehicles. Payments are tied to the useful life of the equipment.
  • Invoice Factoring – Selling unpaid invoices to a lender for immediate access to cash tied up in those invoices. The lender collects payment directly from your customers.

When exploring loans, pay close attention to factors like rates, fees, loan amounts, terms, collateral requirements and qualifications to find the best fit option for your business.

Equity Investments

Seeking equity investment from angel investors, venture capital firms or private equity can provide influxes of capital without having ongoing repayment obligations. However, it means giving up ownership stakes in your business. Two options to consider are:

  • Angel Investors – Wealthy individuals who provide smaller investments in the range of $25k to $100k to startups and small businesses in exchange for equity. The Houston Angel Network is one group connecting Texas entrepreneurs to angels.
  • Venture Capital and Private Equity – VC firms like LiveOak Venture Partners focus on early stage, high growth companies while private equity firms like The Riverside Company target more mature, profitable businesses. Both make much larger investments ranging from $2 million up to tens of millions.

Government Programs and Incentives

Texas offers a variety of economic development incentives and public-private partnership funding opportunities such as:

  • Texas Enterprise Fund – The governor’s office provides cash grants for projects creating jobs and investment. Grants range from $1,800 per qualified job to several million for major corporate expansions.
  • Product Development and Small Business Incubators – State funded organizations like the Texas Medical Center Accelerator support startup formation, product R&D, and company growth.
  • Skills Development Fund – This Texas Workforce Commission program partners businesses with community and technical colleges to provide job training grants.

See the Office of the Governor’s Economic Development & Tourism office for a full list of incentives and program details.

Managing Debt and Finances

While securing financing is critical, Texas business owners must also actively manage their debt levels and financial health.

Set Realistic Repayment Terms

When taking on debt, be conservative in projections and set terms you are confident you can meet. Build in buffers for higher than expected expenses or slower revenue growth. Agreeing to overly ambitious repayment schedules can quickly lead to missed payments and credit problems.

Maintain Organized Financial Records

Detailed and accurate bookkeeping is vital when managing business finances and debt obligations across multiple lenders. Having organized records also prepares you for tax filings and loan applications. Consider software like Quickbooks or Xero to efficiently track income, expenses, account balances and payments.

Monitor Cash Flow

Watching cash flow trends closely lets you adjust spending to ensure sufficient reserves to make upcoming debt payments. Software tools can automate tracking while working capital loans like business lines of credit give flexibility to cover short term cash shortfalls.

Build Payment History and Credit

Making consistent on-time loan payments builds business credit history and scores, earning better terms from lenders over time. This also provides more financing options if additional capital is needed for growth phases.

Negotiate Better Rates Over Time

As your business matures and credit profile improves, consider renegotiating existing debt to lock in better interest rates and payment relief, allowing you to accelerate growth.

Expert Assistance For Texas Business Owners

While this guide covers key highlights, finance is complex. Connecting with advisors and resources can help you make the most informed decisions for your expanding Texas business.

Accountants and Bookkeepers

Finding a qualified accountant or bookkeeper you trust for guidance on managing finances, compiling records for lenders, and tax planning is invaluable. They can alert you to incentives and credit implications of different decisions.

Business Attorneys

An attorney well versed in Texas commercial transactions, lending arrangements and creditor rights can help you structure agreements and debt terms optimally while protecting your interests. They can review any negotiated changes to ensure you avoid pitfalls.

SCORE Dallas

This nonprofit provides free mentoring and workshops to help Texas small business owners on topics like securing financing, managing cash flow and business planning. SCORE can connect you to retired executives with finance experience suited to your industry and business phase.

Texas Lender Relations

The Office of Small Business Assistance partners with lenders and economic development groups to help Texas firms understand options and apply for business loans and other funding programs. Their seminars and events also highlight different incentives and assistance available.

Key Takeaways

Securing adequate financing and judiciously managing debt allows Texas business owners to fund growth while building enterprise value over the long term. This guide summarizes the most popular funding options along with best practices and expert resources available exclusively for Texas firms. We hope it serves as a useful starting point for making informed financial decisions and accessing capital tailored to your growth plans.

Let me know if you would like me to modify or add anything to this draft article. I aimed for an empathetic and helpful tone while covering key highlights Texas business owners need to understand. Please provide any feedback so I can improve the article further.

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Testimonials

I was searching for a law firm with some power to help me deal with a warrant in New York . After 6 days I decided to go with Spodek Law Group. It helped that This law firm is well respected by not only the top law firms in New York , but the DA , Judge as well. I...

~Fonder Brandon

5 Stars
It was my good fortune to retain Spodek Law Group for representation for my legal needs. From the beginning, communication was prompt and thorough. Todd, Kenneth and Alex were the first people I worked with and they all made me feel comfortable and confident that the team was going to work hard for me. Everything was explained and any concerns...

~A G

5 Stars
After meeting with several law firms, I chose the Spodek Law Group not only for their professionalism and experience, but for the personal attention given to me right from the initial consultation. It is important to recognize how crucial having the right legal team is when faced with potentially life altering events that impact families and the lives of loved...

~George Cherubini

Spodek Law Group

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We Provide Superior Service, Excellent Results, At A Level Superior To Other Criminal Defense Law Firms. Regardless Of Where Your Case Is, Nationwide, We Can Help You.
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