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No one forms a business expecting that one of the partners will walk away. However, this happens all the time. One partner may have had enough and does not want anything to do with the business anymore. Sometimes, differences in business philosophy can lead to a...
Hundreds of thousands of new companies are started each year, and between 30% and 40% of them fail. In other words, between 30% and 40% of new small businesses are liquidated and the investors lose all or most of their money. If you define failure as failing to reach...
Business owners who find themselves struggling to keep their business running may consider filing for financial relief with a Chapter 11 bankruptcy petition. The process generally begins by filing a petition with the bankruptcy court. In addition to the court filing,...
