Posts Tagged 'small business'

How to Keep Your Small Business out of Bankruptcy

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If you are the owner of a struggling small business, don’t give up hope. The stress can be overwhelming. There are steps you can take to save your business. But, you need to be smart about it. Here are a few tips from our experience over the last 30 years to get you started.

1. Cut your expenses
This may seem obvious, but it must be done wisely. Do a short-term cash flow analysis. Decide what bills you have to pay now, ...

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Small Buiness Bankruptcy and the 5 Stages of Grief

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Financial problems are stressful in many ways, no doubt about it. And the stress can take a severe emotional toll on you and your family. Small business owners are highly emotionally invested in their businesses. When the business fails, it can have a deep impact on more than your bank account. Bankruptcy offers a clean break and a chance to start over — financially. Dealing with the psychological fallout of bankruptcy also takes time and is its own complex process.

I’ve ...

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How to Value a Small Business in Bankrputcy

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Editor’s note: This post comes to us via Cathy Moran, California Bankruptcy Lawyer. Her blog, “Bankruptcy Mastery,” gives distressed business owners some insight into how small business valuation works.

Introduction

Our hypothetical debtor in this scenario supports his family working in an incorporated business that he wants to continue operating.  He is the only shareholder.

The debtor reported to his lawyer that the business ...

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