The article discusses Smart Communications, a Seminole-based software-as-a-service company specializing in solutions for correctional facilities, which has filed for Chapter 11 bankruptcy with debts surpassing $86 million. The financial difficulties are largely attributed to a protracted legal dispute between founder Jonathan Logan and his estranged mother, who is also a co-owner. Approximately $80 million of the debt is linked to an exclusive intellectual property licensing agreement. In addition to the bankruptcy news, the article highlights other local developments, such as Tampa Bay Wave's acceptance of applications for its CyberTech Accelerator 2025 cohort, which offers free mentorship without relocation requirements, and the reopening of Madeira Beach Fundamental K-8 after repairs from Hurricane Helene. This piece provides insight into the challenges and opportunities within the local business landscape.