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What are the Benefits to Factoring Invoices for a Business?

When you have a business, there is one rule at the very core: money needs to be moving. As the oil in the engine of commerce, movement of money into and out of business is a necessity. The stalling of that movement can be scary. With most businesses the pay and spend cycles can be completely out of sync and thus the interim time between being paid for a previous job and spending to finishing another can be extremely stressful. If this sounds familiar, it’s possible that factoring could be the system for you!

So a Factoring Business is a business which fronts the bill for immediate investments and jobs. This gives say a freight company much needed money to fund their next shipments without having to be paid immediately for their previous job. Since the topic of freight companies was already brought up let’s investigate that particular industry shall we? According to TBS Factoring Service qualifying for bank loans has gotten progressively more selective and the wait necessary to get the loan can take weeks or months. When you are running a business in a high-octane, and fast-moving business like freight truck driving you need to be able to get paid and keep trucks on the road to keep customers happy. In a recent article posted on Transport Topics News they said that many trucking companies have poor earnings in the first and seconds quarters only to recoup their costs and gain profits in the latter half of the year. This behavior, of course, makes banks cautious to do dealings with trucking companies. However, banks are just not accustomed to these kinds of business. Invoice Factoring is a kind of bank-specific to these companies with uneven earning patterns. Trucking companies are so vital to the economy, but because of the way they do business with companies, there are times when their invoices are delayed.

As the economy grows more and more types of companies are created. No matter the type of company there are always goods that need to be transported across the country. The transportation industry is one of the biggest businesses in the United States. And it’s no surprise considering this country is so diverse and spread out geographically. Invoice factoring is the response to newer technological companies sprouting all over the country. Businesses that started from the internet don’t have the normal 9-5 work schedule or even quarterly payment plan, but they still need equipment and goods shipped. Therefore it’s only natural for their different profitable quarters and payment plans to bleed into the freight business.

Invoice factoring is appropriate for any business that is just starting and needs help going from payment to payment. It is also appropriate for businesses with very specific times of the year where they earn most of their profits. One can think of factoring almost like a schedule equalizer, it normalizes irregular payment periods and turns what a bank would see as a risky investment into a profitable business.

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New York State Working to Give Prisoners a Chance at Clemency

According to the Huffington PostNew York Governor Andrew Cuomo has revealed a plan to help inmates struggling with monetary difficulties. It can be challenging for inmates to find the funds to fight against court rulings. Many individuals who want to take their cases to a higher court or make a plea for a pardon are kept from pursuing their best interest due to financial constraints. New York aims to make it easier for convicted individuals to obtain the legal resources they need to petition the Governor for a pardon, the eradication of someone’s criminal record, or clemency, which often involves commuting an individual’s prison time. When an individual’s sentence is commuted, their time in prison is cut short. However, commuting does not entail erasing someone’s criminal record. A pardon retroactively absolves you of crime, but when someone’s sentence is commuted, it does not necessarily relieve them of criminal guilt.

Individuals seeking a pardon or a sentence commutation from the Governor frequently have difficulty funding their legal plea. That’s why Governor Cuomo joined together with legal organizations such as The National Association of Criminal Defense Lawyers, the Foundation for Criminal Justice, and Families Against Mandatory Minimums. Together, the Governor and these groups are looking to make legal resources much more readily available for those that require assistance. His partnership is based upon a federal effort that encouraged legal groups to train criminal defense attorneys to identify potential clemency petitioners and assist them in applying. This partnership furthers goals set for New York by Governor Cuomo two years ago.

Governor Cuomo has made an efficient, just legal system a key part of his political platform. Starting in 2015, the Governor backed efforts to increase free or “pro bono” legal representation for inmates looking to petition for clemency. Since its inception, this initiative has found over 1,700 individuals to assist. His program encourages private lawyers to give their services to individuals who wanted to build a case for a pardon or for commuting their sentence. He himself has used his office to grant various forms of clemency to convicted individuals, pardoning 114 people and reducing the sentences of 10 others.

This new partnership, along with the continuation of Governor Cuomo’s program, will doubtlessly help many individuals access the resources they require. It’s unfair that so many are kept from using the law to its fullest extent due to financial restraints. Many individuals and organizations in New York agree that convicted and accused individuals should be able to obtain legal representation when they need it most. John S. Wallenstein, the president of the New York State Association of Criminal Defense Lawyers, says, “This partnership is a welcome expansion to the existing project, as it will bring more lawyers together with applicants who lack the resources to pay for representation.” He goes on to express, “With more training, mentoring, and electronic access to client materials, this partnership will help our members better represent reformed and rehabilitated applicants in the State’s process, and assist them in their efforts to apply for clemency.”

 

 

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Wrong Diagnosis as a Medical Malpractice Case

There is a reason why medical professionals need licenses. Health is a serious industry, and you really need to show how competent you are, to qualify to the caring of the medical condition of a patient. But sometimes, even the most competent and licensed medical professional become negligent, resulting into the harm of the patient instead of the cure. This is called medical malpractice.

According to the website of Russo, Russo & Slania P.C., those who have experienced medical malpractice may have legal options, such as trying to hold the negligent medical professional accountable for the physical harm, emotional trauma, and financial strain they have sustained.

There are various kinds of medical malpractice, such as the lack of informed consent, medication error, surgery error, and even wrongful death. But there is one that is not as talked about as the others – wrong diagnosis.

A wrong diagnosis happens when a medical professional’s negligence has resulted into a mistake in the diagnosis process. However, take note that negligence is the most important part here. As said earlier, health is a serious industry. It is extremely complicated that a wrong diagnosis is truly possible even if the medical professional has done everything competently. If the medical professional has been negligent, or incompetent in a way that a reasonable medical professional should not have been, he may be held liable for medical malpractice.

There are generally four kinds of misdiagnosis:

·       A healthy person diagnosed as ill

·       An ill person diagnosed as healthy

·       An ill person diagnosed with a wrong medical condition

·       An ill person diagnosed with a wrong subtype of a medical condition

Each kind has its own threats to health. For example, a healthy person diagnosed as ill may undergo undeserved treatment, an ill person diagnosed as healthy may not receive the treatment he deserves, and an ill person diagnosed with a wrong medical condition or with the wrong subtype of a medical condition can undergo an ineffective treatment method.

These errors can lead to new complications or the worsening of existing ones, not to mention the financial troubles that may arise, just because a medical professional has been negligent.

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Four Elements Required in a Medical Malpractice Lawsuit

A personal injury lawyer states that when you are ill or injured, you should be able to trust that the medical professionals caring for you will work to improve your health. Unfortunately, these professionals sometimes make negligent mistakes, which can have negative consequences. Doctors that do not hold to the high standards of medical care can worsen conditions and cause lasting damage to a patient.

Medical professionals, from doctors and surgeons to nurses and pharmaceutical technicians, as explained by the law firm Habush Habush & Rottier S.C.®, carry a tremendous level of responsibility for the health and safety of their patients. As a result, individuals and organizations in this field are held to a remarkably high professional standard in order to protect patient well-being. Medical malpractice laws therefore play an important role in helping to hold doctors and other medical practitioners accountable for the consequences of unprofessional or dangerous behavior.

Medical malpractice can have devastating consequences for victims, ranging from serious injuries to wrongful death, and pursuing a medical malpractice claim may be essential to helping victims receive justice in the wake of a medical mistake.

Medical malpractice can occur in a variety of ways. Grievous mistakes such as being prescribed the wrong medication or receiving treatment that was meant for another patient occur with surprising frequency. Other examples of medical malpractice that are committed with greater frequency than others include:

  • Improper or delayed treatment
  • Emergency room errors
  • Hospital negligence
  • Wrongful death
  • Wrong diagnosis
  • Lack of informed consent
  • Surgical errors
  • Pharmaceutical errors

The US National Library of Medicine’s National Institutes of Health defines medical malpractice as any act or omission by a physician during treatment of a patient that deviates from accepted norms of practice in the medical community and causes an injury to the patient. Medical malpractice is a specific subset of tort law that deals with professional negligence.

A medical malpractice lawsuit in the U.S., besides needing to be filed in timely manner, that is within the “statute of limitation” period, requires four legal elements:

  1. the existence of a legal duty on the part of the doctor to provide care or treatment to the patient;
  2. A breach of this duty by a failure of the treating doctor to adhere to the standards of the profession;
  3. A causal relationship between such breach of duty and injury to the patient; and,
  4. The existence of damages that flow from the injury such that the legal system can provide redress.
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The Open Carry Law

Though open carrying of firearms in public is not restricted by the Federal law, there are specific rules when this is done on properties owned or operated by the federal government.

There are only five states where the open carrying of handguns in public places is prohibited. These are California, Florida, Illinois New York, and South Carolina; this is to prevent gun violence.

The past years, gun-toting individuals openly carrying firearms in public places, such as political rallies, public parks, restaurants and coffee shops have become a common sight in many U.S. states. Many of those who openly carry firearms, who argue that they are only “exercising their rights,” identify themselves as part of the growing “open carry movement.”

The open carrying of firearms, however, does not only intimidate the public, but also makes very likely accidental or intentional use which can result to injury or death.

Besides using the argument of “exercising their rights,” many say that open carrying is needed for self-defense. No research, however, supports this argument. On the contrary, even if used in self-defense, having a gun does not reduce a person’s chance of getting injured during a crime, but it increases the possibility of him/her injuring an innocent bystander.

One study even suggests that carrying a firearm may actually increase a person’s risk of firearm injury. Thus, instead of improving safety, open carrying unnecessarily increases the possibility of everyday interpersonal conflicts turning into deadly shootouts. This is because anyone will have ready access to firearms. Open carry laws also correlate with higher rates of suicide. States with open carry laws, in fact, have 36% more suicides and 71% more firearm suicides per capita. Additionally, when stopping an individual who is openly carrying a firearm in these states, law enforcement officers may be prohibited from demanding identification.

In the state of Texas, particularly, the Law Offices of Mark T. Lassiter says, “As of January 1, 2016, licensed gun owners in the state of Texas may openly carry a handgun in public and in many Texas open carry gun laws private settings. This open carry laws stipulates that handguns must be carried in a belt or shoulder holster at all times, unless there is a legally justifiable reason to use the weapon. The moment you remove your firearm from your holster you should expect to be under police scrutiny. In the event that you are charged with a gun-related criminal offense like aggravated assault with a deadly weapon or deadly conduct, you need to reach out to an attorney immediately. Even if you believe that you have not broken the law, it will be in your best interest to work with a lawyer throughout the coming legal process.”

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