Category Archives for "Business Debt"

Will I Be Liable for the Debts of a Business That I Inherit?

Business Debt , FAQ , Farm & Industrial

Generally, no. Depending upon how the business is organized, you will likely inherit one of the following: Corporation                                         Stock Limited Liability Company              Membership Interest Sole Proprietorship                            Assets With a corporation or LLC, what you really are inheriting is the net worth of the business. With a sole proprietorship, you inherit both the business and its assets. For […]

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Your Business: How Reorganizing Can Keep You Doing What You Love

Blog , Business Debt , Chapter 11 Bankruptcy , FAQ , Farm & Industrial , Financial Problems

Your Business: How Reorganizing Can Keep You Doing What You Love.

The odds are, your small business won’t be around 5 years from now. About half of all the businesses that started this year will close their shutters within 5 years later. Why do all these businesses fail? Both studies and common knowledge suggest many reasons. Including: changing economy, new or unanticipated competition or unforeseen disasters.  […]

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