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. As diverse as the reasons for business failures might seem, there is one common theme running through them: an inability to handle debt in a functional – and profitable – way.
So when your business circumstances change, it’s time to reorganize your debt – BEFORE things are desperate. A reorganization can:
Reorganization can be the fastest way to get past a cash flow problem. Some reorganizations can take as little as one month, and the steps to quick relief are simple:
There are as many ways to reorganize as there are ways a business can fail. Krekeler Strother, S.C. knows this through our own experience; we’ve filed more reorganizations than any other law firm in our area. So working with us gives you the most flexible options for keeping your business going. After all, our business is keeping you in business.