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Some small business owners reach a point where keeping the doors open no longer makes financial or personal sense. The bills are mounting, income is unpredictable and the business no longer supports itself. If the goal is to shut everything down in an orderly, final...
As a business owner thinking about filing for bankruptcy, it’s easy to feel like you’re staring down the end of the road. After pouring considerable time, money and energy into growing your company, the thought of filing can be overwhelming. However, bankruptcy...
When you invest in commercial property, you expect it to serve your business goals, not create legal headaches. But zoning regulations can sometimes throw unexpected obstacles in your path, from denied permits to pushback from local authorities. Whether you’re...
People who are entering into a franchise should have comprehensive information so they can make an informed decision. This requires that the franchisor is transparent when they’re working with prospective franchisees. One of the most important things to remember is...
Businesses, both startups and established ones, go through financial constraints now and then, and then they bounce back. However, at times, a financial challenge may make it impossible for a company to operate effectively to the extent that filing for bankruptcy...
If you are contemplating filing for Chapter 11 bankruptcy for your business, you already know that your business status is on shaky ground. The uncertain economy and the ever-changing threats of tariffs have businesses on edge. If the economy doesn’t level off soon,...
In today’s challenging economy, many businesses—large and small—find themselves struggling to stay afloat. Costs are rising, consumer spending is down, shifts in global trade policy is affecting supply chains and access to credit can be limited. It is of little wonder...
Franchising can be a great way to grow a business, but it also comes with legal risks. Franchisors and franchisees can face disputes that may harm their operations and finances. What kinds of legal issues arise in franchises? Below are some important points to...
As a business owner, it is clear to you that your debt is not manageable at its current level. You have been thinking of ways to eliminate it. One that you keep coming back to is declaring bankruptcy. However, your business is still getting customers and making sales....
A business declaring bankruptcy affects different people, including employees. It can be challenging to inform your employees about such a decision, but it’s necessary because it will affect them. For instance, wages may be delayed, and being laid off may be possible...