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Business Bankruptcy

Ten Steps to Reduce Your Liability in a Troubled Business

Don't just bury your head in the sand. Ignoring your business's problems now can lead to your taking on personal liability, with expenses and poor cre...

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Saving a Money-Losing Business With a Business Survival Plan

When your business struggles, it's a personal struggle, too -- you've got a lot invested, both financially and emotionally, in your business. But you ...

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How to Avoid Personal Liability for Your Corporation's Actions

If you are a director, shareholder, or member of a corporation or LLC, take the following steps to ensure that a court won't pierce your corporate vei...

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Piercing the Corporate Veil: When LLCs and Corporations May be at Risk

A key reason that business owners and managers choose to form a corporation or

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How Small Businesses Can Hoard Their Cash: 9 Ideas

Especially in a recession when customers are scarce, the quickest way for a small business to raise cash is not to spend it. That might sound simple, ...

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Is It Time to Hibernate or Sell Your Struggling Business?

Not every business can survive tough times like the ones that have battered the world lately. It isn't because you didn't work hard enough or didn't h...

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Handling Business Debts: Your Options

These days, many small business owners have fallen deep into debt, so you're not alone.

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Customer Bankruptcies: Ten Tips to Minimize Losses

Bankruptcies by customers who owe you money can be devastating. Here are suggestions on how to protect your business.

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How Not to Borrow Money When Your Business Is in Financial Trouble

When you've sunk money and sweat into a business, of course you don't want to lose it -- and as a result, you might be tempted to try some tactics tha...

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When You Can't Pay Your Business Debts: Personal Liability and Bankruptcy Options

If your business is in distress -- you owe a lot of money but you can't pay -- your creditors will probably threaten legal action against you personal...

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Are You Personally Liable for Your Business's Debts?

If your business is having trouble paying its bills, you may be worried about whether a creditor can come after your personal assets. Can a creditor r...

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Collecting Business Debts

Sometimes, the biggest challenge for a small business owner comes when it's time to get paid. Fortunately, with a little preparation, you can minimize...

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Small Business Check-Up: Time to Close Your Business?

In these tough economic times, you may be wondering if it's time to shutter your doors permanently. Although the decision to close your business ultim...

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Deciding Whether to Pursue Payment by a Bankrupt Customer

As a business owner, you've had to learn when to let go of a bad deal. Dealing with customers who don't pay is a classic example. Sometimes it's just ...

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Avoiding Layoffs: Cut Perks, Benefits, Pay, and Hours

Because payroll is often a small business's biggest expense, it's inevitable that you'll have to look there if you need to cut expenses during tough t...

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Making Layoffs to Save Your Business, Without the Guilt

When your business is struggling, you may find yourself looking at laying off employees -- a dark day for any small business owner.

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