Written by: Laurie R. Hager, Sussman Shank LLP
Republished from Sussman Shank’s newsletter.
This article is based on a scenario that I encounter as a litigator all too often. “You,” for purposes of this article, have entered into a long-term contract with Company, Inc., an Oregon corporation. The contract may be a credit agreement, a supply agreement, a commercial lease agreement, or another agreement under which Company, Inc. has various ongoing obligations.
At some point during the term of the contract, the Oregon Secretary of State administratively dissolves Company, Inc. for failure to renew when required, or Company, Inc. dissolves itself.
Immediately on the dissolution, Company, Inc. is legally authorized to wind up its affairs and liquidate its assets.… Read the rest
NACM Oregon and NACM Inland Northwest will merge this week! And we’re changing the company name to NACM Northwest! The Associations received the approval of the Boards and the membership over the last two months. We plan to provide the same first-rate products, services, and exceptional customer service. Please talk with your Account Executive or call me if you’d like more information.
Member Events & Education – Please take a look at the calendar published in this edition. We will offer the 10-week Business Credit Principles class, beginning in April. We also will offer the Financial Analysis class this Fall. Please call Shawna Kelly (917-230-1202) with any questions. We hope you’ll join us!
Mark your calendar for the 2016 Credit Congress, which will be held in Las Vegas, June 12-16, 2016.… Read the rest
No matter the industry, a company’s culture is vital to its image and perhaps more importantly, its survival. Upper managers and department managers alike must constantly work hard to create an atmosphere that makes people never want to go on another job interview, or perhaps, in extreme cases, get a tattoo of the company logo on their body. Below are some timeless approaches to creating a business culture that “rocks,” as author and past Credit Congress keynote speaker, Jim Knight, put it.
Celebrate heritage, but focus on culture—today’s behaviors
A company’s culture shapes so much of their performance now and in the future. However, it is critical to focus on today’s behaviors, not yesterday’s habits.
Be like U2—everyone singing off the same sheet of music
Staff at every level of a company or department—no matter if they are the president or maintenance staff—needs to have a shared mindset.… Read the rest
Certainly, the primary goal in any business endeavor is to get customers to increase their orders. But this increase can also be a warning sign and another technique for spotting business credit fraud. In most credit fraud situations, the operator ultimately wants to order as much as possible. The window of opportunity for heavy ordering is often just a few months. Thus, there comes a time in almost every credit fraud when ordering increases drastically. It is simply greed. If they’re going to take the business down, they can’t resist doing it on a big scale. The results are orders that are out of proportion to the size of the business.
Again, like all fraud indicators, a credit analyst can only make use of the indicator in the context of other factors.… Read the rest
Last chance to send in your NACM National Honors and Awards!
Please submit nominations through NACM Oregon. For questions and submissions please contact Brett Hanft, CBA: 503-520-5451 or firstname.lastname@example.org… Read the rest
New Year, New Laws, New Worries January 2016
From Rainmakers Government Strategies
Paid Sick Leave
Requires most employers in the state having 10 or more employees to implement a sick time
policy allowing an employee to earn, accrue, donate, or use up to 40 hours of paid sick time per
year. The threshold is 6 employees in the Portland area.
Ban the Box
Establishes an unlawful employment practice for an employer to ask about an applicant’s
conviction history on a job application (no box that you check if you have a conviction) or prior to
Wage Conversations / Pay Equity
Protects employees who inquire about, discuss, or disclose information about their wage or the
wage of another employee.… Read the rest