Debt can understandably be a scary word, especially knowing that extreme forms can potentially lead to bankruptcy. During this pandemic and the financial challenges that it has brought with it, debt may be impossible to avoid. Before you start to feel hopeless, however, remember that there are two sides to every coin. Believe it or not, leveraging debt is very possible and can actually be a useful tool to help grow your revenue. […]
Is Your Business Surviving?
One in three small businesses in the United States are concerned with government regulation of business forcing you to bankrupt or go out of business all together. Small-business owners have stated in polls that their biggest challenge in the last two years has been government regulations. According to studies, American business owners believe that regulations enforced by the United States government is detracting from their growth. Government regulations on businesses are heavier […]
Choose Bankruptcy or Debt Relief For Your Business?
To answer this question, you have to know what has caused the problems the business now faces and what are the prospects for change. If your business is in trouble, how do you determine if bankruptcy or debt relief is necessary or helpful for your situation?
Is the business a corporation, a partnership, or a proprietorship?
- Corporations, limited liability companies (LLC) and partnerships are legal entities separate from their shareholders or […]