Invoice Factoring Could Be Next Big Thing For Fraud Scam, Predicts Lawyer By Shaw Capital

Shaw Capital Management and Financing offer a complete line of factoring services, purchase order funding, and asset based financing, accounts receivable management, and other related financial services.

One of the biggest challenges facing businesses in the current economic climate is getting invoices paid and the use of invoice factoring could become a significant area for fraud, according specialist fraud lawyer Arun Chauhan of Midlands firm Challinors.

In the current economic climate the use of factoring is becoming more prevalent, says Arun, a
Partner at Challinors and head of its Fraud & Asset Recovery department. The problem of getting invoices paid is a growing problem and an increase in fraud in Factoring is an area that will not be immune from this threat.

The issue of invoice payment is not unique to the economic climate but one that is encountered by all businesses and in particular start up businesses. Factoring is the selling of a companys invoices, at a discount, to a Factor – typically a financial institution – which then assumes the credit risk of the account debtors and receives cash as the debtors settle their accounts. The company then receives the value of the invoice less a percentage retained by the company as their fee for the factoring service.

The Factor will typically obtain a personal guarantee or some form of security from a director of a company before commencement of any agreement, explains Arun.

There are two specific types of factoring – Open and hidden factoring. In Open Factoring the company does not mind if its customers know if they are using a Factor. The debtor is sent invoices by the Factor to recover the face value of the invoices.

If a company has decided to Factor invoices to improve cash flow, it may wish to keep this from its customers. In these circumstances the practice of Closed Factoring is used, which involves the debtor being invoiced by the company not the Factor, who is sent the invoice and then pays a percentage. When the debtor pays the invoice the sum due to the Factor is then paid.

The process of factoring is susceptible to fraudulent activity, if there are not sufficient controls in place within a business, says Arun. A Managing Director may not be aware that those dealing with the raising of invoices for the company may well be devising a fraudulent scheme by creation location of businesses: The fact that the postcode of a company is the same or in a similar geographical location to the debtor is one warning sign to look for. Another is the existence of large invoice amounts relative to the average for that debtor.

The fraud is sometimes not internal but purely perpetrated to cause loss to the Factor. One example of this was uncovered in 2008 where the Directors of a Manchester based computer firm,
Ravelle, were convicted in a 3.25 million fraud upon its creditors. The fraud was centred on the creation of false sales documents and a complex web of inter-company transactions designed to deceive Factoring companies into providing finance to the Ravelle Group. This is a prime example of collusion, which is one pre-requisite for factoring fraud.

Many types of fraud are only possible if collusion between parties exists. In the Ravelle case, the collusion between the directors enabled the company to create fresh air invoices and more importantly partake in circular trading, the point of which is to create a complex set of trading requirements which allow a systematic deception of the factoring company. The schemes that keep companies running could not have been implemented without the continued input of the parties at Ravelle, and one of the Directors was a qualified accountant.

He adds: In the current economic climate the temptation for directors to cross the line and partake in Factoring fraud is greater owing to the constraints on cash flow. Any fraudulent activity is bound to leave a trail of evidence that will soon be detected, and our specialist fraud lawyers are skilled in finding such discrepancies. The fraud will eventually be detected, no matter how small.

Challinors has offices in Birmingham city centre, Edgbaston, West Bromwich and Nottingham. The firm has 23 partners and over 100 fee earners, and is ranked as one of the top legal firms in the West Midlands, being Number 1 in the Chambers UK Directory in a number of categories. For more information visit: www.challinors.co.uk.

Shaw Capital Management and Financing offer funding for a wide range of industries and flexible funding requirements that most businesses can easily qualify for.

Preparing for 2006 – Getting Your Legal Life In Order

As we wave goodbye to 2005 and charge into 2006, it is time to get your house in order. This is particularly true for the legal issues in your life.

Legal Planning

As drab as it may seem, legal planning can help you avoid disasters in your life. With the turn of the calendar, now is the time to give your life and business some thought.

On the family front, you should be thinking about changes you experienced in 2005 and if any of them require you to take some steps. If you got married, you need to jump through a few loopholes related to changing names, addresses with relevant companies and so on. If you had a new family addition, have you give consideration to updating your will or family trust? On a less enjoyable subject, are there any steps you need to make with parents who are growing older. Elder abuse, particularly financially, can be a problem and you may want to provide assistance to elder parents so they aren’t taken advantage of.

On the business front, now is the time to take a step back and reflect upon how things are going. Did you meet your goals in 2005? If you didn’t, how do you plan to make 2006 a better year? In making this determination, you need to be honest with yourself and make sure you evaluate your week points. From a legal perspective, are all of your relevant business documents up to date? Have annual minutes been filed for your corporation or LLC?

A particular area where businesses fail to follow up are changes in contracts. When entering a contract, both parties tend to see great success in the future. Inevitably, they discover the agreement needs to be tweaked to allow for circumstances and so on. When this occurs, the parties will often reach an oral agreement or just shake hands on it. Such agreements are not binding on the parties. If a dispute occurs, the business relationship will be evaluated using the original agreement. That can lead to a nightmare of circumstances. If you’ve tweaked an agreement with another party, now is the time to get such an amendment in writing!

April 15th sounds a long way off, but it will come faster than you can imagine. Yep, I’m talking about taxes. Do you feel you pay too much in taxes? Of course you do. This is a god given right of every American. Well, now is the time to do something about it. You should contact your CPA and do some tax planning for 2006. Saving taxes often comes down to how you collect revenues and distribute them. Slight changes can save you tens of thousands of dollars, but you must implement them early in the calendar year.

As the calendar flipped to 2006, you undoubtedly made a resolution to do something. Getting your legal house in order probably wasn’t what you had in mind, but it is something you should do!

Richard A. Chapo is a San Diego business lawyer with San Diego Business Law Firm providing legal services and legal advice for businesses. Visit SanDiegoBusinessLawFirm.com to read business law articles.

Beautiful workplace injury attorney Lancaster

Accidents at work should be written in the employer’s accident book, which are required to maintain by law. It is also essential to consult a doctor as soon as possible so that a doctor can accurately diagnose an injury. We operate in a no win no fee contingency basis which means that if you win your case, you retain all damages, and if you lose, you do not pay a dime. lancaster lawyer accidents and abuses still occur, however, especially if you do not know their rights. If you have been injured at work because your employer does not provide adequate security or if you suffered a work injury lawyer Lancaster and were subsequently taken out or not paid by your recovery time, immediately contact a lawyer.

OSHA penalized businesses dangerous working conditions. These are very strict rules, and is a good idea to contact an attorney if you want to keep your company responsible for the damages you suffered.

A lawyer lancaster accidents trying to gather all the facts and evidence about an accident that occurred. Applicants can assist in this process, taking pictures of an accident, the danger caused and the extent of physical damage.

It is also important that the names and addresses of all witnesses to an incident are collected, their testimony is essential to a successful claim. Accidents should be recorded in the book of the accident employer, as required by law. It is also important to consult a doctor as soon as possible so that a doctor can diagnose a lesion with precision. The injury lawyers at Kane & Silverman has experience with all types of injury and illness claims and operates on a no win without saying that if you win your case, you retain all damages and if you lose, you pay only the ear.

If you have been injured at work because the employer failed to take adequate precautions or have suffered a work injury lawyer Lancaster, and subsequently fired or not paid in time recovery, you should immediately contact a lawyer. If you have questions or concerns regarding work-related accidents lawyer in Lancaster, please contact a lawyer immediately of occupational accidents. Not only the responsibility of the employer for workplace safety, they must bear when you have injuries on the site. OSHA penalizes companies for dangerous conditions.

For this reason, it is important that all victims who feel as though there was no cause for alarm to talk to their injuries. Attorney malpractice best Lancaster has to offer is a very important person in society. This is because they play an important role in defending the rights of those who suffered. centers of medical malpractice negligence or omission by a doctor to provide adequate treatment resulting in injury and compromise with regard to the income earning capacity of the victim.

When a doctor fails in its duty to maintain the required standards, there are consequences that have the correct dose of justice. A malpractice lawyer is able to prepare a file in a precise manner to victims so they can be allowed for them. For an attorney to win, they want to work with medical systems and medical coverage, so they can structure their case with the necessary support in the evidence.

The best medical malpractice attorney Lancaster has to offer will provide the guidance necessary to pursue the matter. In many cases, people who suffered under the negligent doctors may feel compelled by the signed consent forms. A lawyer can explain that a signed consent form is not a license for physicians to be negligent. In other words, there is a case to answer, even when there is a way.

Another step in a medical malpractice lawyer Lancaster has to serve a written notice to those responsible for the claims. The rest will play in advanced cases. There are many legal aspects to consider and this is within the competence of a lawyer experienced in medical malpractice.

Genuine Opulentus Complaints Are Welcomed And Handled By Our Immigration Experts

Opulentus Overseas Careers is expertise in clearing visas to countries like USA and UK, Denmark, Canada, New Zealand. The company provides best services to its clients and makes the whole process of immigration easy for them. This excellence in providing services has made it “World”s No 1 “Super” Visa Specialist.”
The company follows a fraud protection policy to keep all the information about clients confidential and ensure safety in online transactions. Client information is provided only to government agencies involved in immigration process and in case some information is required to be disclosed to an outsider, the same is done only after the consent of the client.

Opulentus provides numerous other services to clients and ensures the clients are fully satisfied. Innovative ways of providing varied services are followed from time to time to boost trust and confidence of clients in the company. But still at times the customers have some issues and concerns during the process of immigration. Such Opulentus Complaints are addressed by a team of experts who check the root cause of the problem, search the best possible solution and implement the solution to provide results to customers.

All genuine Opulentus Complaints are timely and diligently catered. But in case the complaint is about a situation which has occurred due to client”s own negligence or mistake then Opulentus is not responsible to take any action. Non submission or submission of fake documents by client, absence of client for the visa interview, non compliance with the requirements of health check up are some of the cases in which visa is rejected due to client”s own negligence. Onus of such Opulentus Complaints does not lie on the company. But all genuine Opulentus Complaints are welcomed.

Opulentus makes sure all its clients get the best services and are able to make their dreams come true. But appropriate assistance from the clients is required to complete the whole process of immigration. They should be proactive and take ready initiatives to assist the counselor in carrying on the process of immigration. All the required documents and details shall be timely provided as and when asked and in pre defined formats. Also the clients should have faith in the company and give proper time to counselor to work efficiently. They shall not fall in the trap of fraudulent Opulentus Complaints circulated by people to bring bad name to the company. Taking care of such minute but important points can help an individual sail through the immigration process smoothly. Remember that an immigration process can only be a success if the clients work hand in hand with the company.

Know more about our success stories and Opulentus Reviews at Testimonials sections of our website. Our success stories & reviews from the clients will tell you what we are.

Our Experienced Criminal Lawyer Grand Rapids will Ensure Justice

If somebody is charged with any kind of crime in the Grand Rapids area it is very difficult to avoid strict punishment. Prosecution is so strong that even if you are falsely charged of any crime, you could fail to prove your innocence and face the consequences of somebody else’s mistake. Only at our law firm will you get a criminal lawyer Grand Rapids area who will ensure that you get punished if you deserve it and also ensure you will be proven innocent only if you are. Get the right help for ensured justice

If you have ever been accused of any crime that you have not committed, it is a very unfair matter. Even if you are not proven guilty, it has a number of ill-effects on your social life, your social image and on your career as well.

If you have faced any such accusation or know somebody who has, help them with our defense lawyers. Our lawyers are better than lawyers from other law firms because:

The experience- We do not hire any lawyer with any less than 10 years of experience. Some of them have over 30 years of experience.

Dedication- We hire lawyers who seem to have a truly helpful nature. We have never been wrong in the choice of our lawyers because we have always provided our clients with lawyers who would put all their efforts into the case. The Contingency Fee Policy

Our lawyers work on a contingency fee basis, that is, they do not take any fee until they have won the case on your behalf. Hence, you can be rest assured that you will get justice and if not, you will not lose anything further. No foul play

We take pride in having the most honest lawyers in our law firm. Since we choose only the dedicated ones, they are all supporters of justice and if you are wrongly accused, they will make sure you will not be punished for something you haven’t done. And if you are accused of some crime you really committed, our defense lawyers are experienced and efficient enough to know which cases to not pick.

It has always been safe to stay away from anything illegal but if you still get involved into anything illegal without knowing or without wanting to, you can always seek help with a Criminal Lawyer Grand Rapids area.

Reading the reviews provided by the author is one of the best ways to gain necessary information on

Steps to Building an Emergency Fund – AGT The Safe Money People

Ben Franklin once declared, “A penny saved is a penny earned.” Yet, equally enlightening are his thoughts on expenses: “Beware of little expenses. A small leak will sink a great ship.”

And there are plenty of “leaks” that can scuttle an already-tight budget. For instance, a spouse idled by the sour economy, a fender bender with the family car, or an unexpected hospitalization. Thats why financial advisors recommend that you have a rainy-day fundenough liquid assets to cover three to six months worth of emergency living expenses. In case of financial emergency, access to additional money will save you from relying on credit cards or loans that simply compound the problem.

When starting an emergency fund, here are a few tips to abide by:

1.Determine what amount is best for you. Most experts agree that you should keep between three and six months worth of your living expenses set aside in your emergency fund. Your specific situation whether you have children, carry substantial debt and types of insurance coverage you have will determine what amount is best for you. Examine your situation your income and your needs to decide how much you should save.

2.Start small. Starting an emergency fund can be as simple as depositing $100 into your high-interest savings account. But before you begin, be sure that youre meeting your basic living expenses. And as you build your emergency fund, be sure youre also reducing your spending and avoiding debt.

3.Stick to a schedule. Get into the habit of making regular deposits. Whether it is weekly, bi-weekly or monthly, create a schedule and stick to it. Once you make saving automatic, you wont even have to think about it.

4.Consider an online savings account. In many cases, an “online” savings account may make more sense than an account at a traditional, bricks-and-mortar bank. Thats because many traditional banks are not currently offering a savings option with interest rates high enough to meaningfully beat inflation. In addition, an online savings account is a reliable way to manage your money.

Source:

Real Estate Attorney When Do You Need An Attorney

Who needs a real estate attorney when you have a real estate agent working for you, right? Wrong! agents can be very helpful in showing you where to find the perfect home or selling the one you no longer need, but they are not attorneys.

Any time someone signs their name to a legally binding document, they should have an attorney look it over first. Once you sign your name on the dotted line of a contract, you are legally bound to it. Protect yourself by having a legal expert take a look at it first.

If you are buying a house, the attorney will be able to do the following:

* They will advise you on the title documents and the best way to hold title of the property.

* They will make certain that you fully understand the sales contract and what it entails.

* They can look over mortgage terms, insurance liability and taxes. If a few more people had used real estate attorneys before they ended up with damaging hybrid mortgage arrangements, perhaps our country wouldn’t be experiencing the current high rates of foreclosure.

* They will make sure that there are no problems with the title insurance

* They may attend the closing to scrutinize all paperwork before you sign it.

* If you are having a home built rather than purchasing an existing home, there are even more details that require an attorney’s eye for details. The contract for a home being built is quite complex and includes deadlines, building material stipulations, zoning laws, etc.

If you are selling a house, the attorney will be able to do the following:

* Make sure the sales contract covers all details to protect you.

* Arrange for title and insurance certificates, if necessary.

* Attend the closing to look over documents, if necessary.

Real estate attorneys are well versed in federal, state and local laws and how they pertain to the buying and selling of property. They are able to help with other property issues, as well. They can advise a homeowner who is facing foreclosure or is involved with a property line dispute with a neighbor.

A real estate agent is helpful, indeed. But realtors are making a commission from a home being sold so they have their own agenda. A real estate attorney’s agenda is to provide his or her client with protection. Don’t you want one on your side when you are signing off on some of the largest financial transactions of your lifetime?

In Sevierville, drug attorney, divorce lawyer, and real estate attorney experience can be found in one practice with an experience in a variety of charges including domestic violence, drug charges, white-collar crimes, real-estate crimes, theft etc. Know more at

The Difference between Farsi and Persian

Commonly, the term “Persian” has been used in the English language, describing both the country of Iran and the language that the people have been using since the rise of the first Persian Empire. Although the word Farsi is increasingly used to describe the Persian language, it is still linguistically incorrect, especially in addressing the language itself.

This has always been an issue in American and European media; they have always used the word Farsi to refer to the Persian language. However, people around the world, especially Iranian people are not in favour of the linguistic term that Western people normally use in the media.

So, how should these two words be used in English and other Western languages?

It should be clear that using the appropriate term for a language is significant in the history and culture of the Iranian people. Thus, an improper address for the language term of the Iranian nation may create insult and rudeness to the heritage of Iranian culture.

The Persian language or New Persian is an Indo-European language; it is one of the Modern Iranian languages, along with Kurdish, Baluchi, Pashto, and Ossetic. The New Persian language is described as a member of the Western Iranian branch of the Iranian languages, which are a subgroup of the Indo-Aryan family of languages. Hence, Persian is related to European languages, such as the English language.

Over the years, Persian has developed through three distinct stages: Old, Middle, and New. New Persian is directly derived from Middle Persian, and has two phases: classical and modern, and both variants are mutually intelligible.

But what are really the differences between Farsi and Persian?

Farsi is an Arabic form of Parsi, while Persian is the English equivalent term for the word Farsi. This is same status as the German language has. Although the native name of the German language is Deutsch, linguists would never use Deutsch in place of German as a term in the English language.

The New Persian language is one of the most spoken languages in South Asia, and there are also significant numbers of immigrants who speak the Persian language, such as in the U.S, Canada, Australia, and Europe.

The bottom line is that the English name of this language is Persian, and Farsi is its internal or domestic equivalent. However, the term Farsi is used by Iranians to show the distinction of their languages from other forms of Persian; while term Persian encompasses all aspects of the Iranian culture.

Persian is a language that provides ultimate access to the culture and history of the Iranian people. In addition, experts and Persian native speakers agree that writers, translators, media, educators, and researchers should use the word Persian for Iran language system, instead of any usage of the word Farsi.

Before hiring any patent attorney check these points

A patent attorney happens to be a law specialist who helps out an individual or company to make their improvement as their patent . The patent attorneys are armed with huge quantity of experience concerning patent law and the process involved in getting a patent. It is indeed complicated to find out a competent, diligent and smart kind of patent attorney. Hence before you move ahead to appoint any patent law attorney, it is vital to check a couple of effects as discussed as under . These would simply guide you in finding a competent lawyer to deal with your issue of software patents.

Before hiring an attorney, you must try to grasp some basic skill of patent process. By knowing and understanding the basics of this issue along with exploring the aftermath actions and counteractions would help you in understanding the traits which you will be looking in any patent attorney.

The very next steps towards hunting for a right lawyer for your patent subject is to hunt out for least five special lawyers. Write down all the names in a notepad and research about them extensively. Check their expertise and experience, the lawyer should be registered, if promising try visiting their office check their professionalism extent and their team.

After you carry out an extensive study, you can think of shortlisting the one which suits you the most, this would follow fixing an appointment with the attorney to talk about your case in detail along with talking on the terms and conditions with the attorney.

Before choosing any attorney superior make sure you go for the one who has the engineering background. A combination of law and engineering can be a extreme thing for you. Also, if probable check the engineering background as well whether it matches with your patent . This will help him or her to recognize your patent in a proper way.

You should select any patent lawyer who can deliver you a proper price for the whole bill rather mere telling you effects in bits and pieces . They should be able to inspect your invention first and check the way the payment will be managed.

You should prefer an attorney which has an independent specialist patent searcher. Any search who happens to be an in-house searcher would lead a couple of conflicts of interest thus making things worse for you.

The last step would be finalizing any patent attorney for your patent application. The moment you are satisfied on all the sides, you can simply move ahead and sign a appropriate contract with the attorney for your job. With the steps discussed above, you can certainly help you in finding the proper kind of patent attorney.

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