"Normal" company liquidation is not the best option for most troubled businesses ... here's why.

August 24, 2009

Number 9 - Increase your org structure. Don't (Saving Your Business)

Our recommended business turnaround procedure. Step-by-step. Prevent bankruptcy.

Number 9 - Increase your org structure. Don't worry; in a turn around, you will not be spending a lot on capital outlays. * Will your business refund my retainer fee if it does not reach at least a guaranteed 50% debt decrease? A court-of-law system can release monetary burdens from leases, union agreements, and long term lease agreements. * Once settlement payment is complete, you'll release us of any from further liability obligation regarding this account. Besides, review performance requirements for the supplier. There are many items to consider when you close a small company. Ask your creditors for letters declaring that your liabilities are cleared as part of closing a small company. Business bankruptcy in Texas does not necessarily mean you should shut your doors. In this way, you and your spouse are going to stay aligned through the restructuring, and, even when your company fails, your marriage won't. Get rid of this double-duty and you will find that your profits are going to increase. Although it might be impossible to do this before you sell the business, it is a worthwhile goal.

Since this confusion leads to infighting and power struggles, performance and productivity problems are the result. If the premiums are too expensive for your corporation now, you and your directors and officers must think about paying for the policy out of your own pockets. If you've missed minimum monthly costs at least three times in a row, it's time to settle your liability with the charge card company. One of my buyers in Dallas recently called me with questions about the benefits and pitfalls of petitioning for bankruptcy.

Permalink • Print
Our recommended business turnaround procedure. Step-by-step. Prevent bankruptcy.