There is a common misconception that simply having a corporation can absolve you from liability regarding business loans acquired for your business. This could not be less true. In today’s lending environment, most banks and finance companies will require a full personal guarantee before providing you with a business loan or other type of business credit facility. In fact, most SBA loans (as well as conventional business loans) » Read more: Incorporation and Business Loans
My neighbor asked me, “Why would anyone sell a successful company?”. He could not understand why anyone would leave a business that was doing well. Of course successful companies get sold all the time.
So why do these business owners sell? The short answer is that most closely held businesses sell for human reasons, such as burn out, retirement, illness, partnership disputes, family issues or other personal reasons. Usual » Read more: Is Selling Your Business the Best “Exit Plan”?
In today’s dynamic business environment you’re either Growing or Going…out of business that is! If you’re part of the latter contingent and have made the decision to get out of a business but are una » Read more: Liquidating your Business Assets Can be an Efficient and Prudent Exit Strategy
