Turn your financial debt around with the full service of Corporate Turnaround. Restructure your debt, receive financial guidance, and much more for a financially stable business.
Information on 401(k) plans. more »
Business directory to 401k rollover information and advice. more »
Resources and services for 403(b) plans. more »
Information on pensions. more »
Retirement industry advisers and consultants. more »
Reach active buyers and immediately increase your visibility
Get StartedCompanies that provide retirement plan benefits, including 401k plans and pensions. Get information on corporate retirement plans, or how to offer retirement benefits for employees… more »
Are you worried about the survival of your business due to serious personal financial issues you are facing? Personal bankruptcy may have a significant effect on your small business–how much of an effect depends upon how your business is structured.
You will, of course, want to seek legal counsel before filing for bankruptcy; after all, there may be less drastic measures you can take to deal with your personal debt. If bankruptcy is your only feasible solution, you will need to discuss with a lawyer how to handle any effects that the legal action will have on your business.
It will make a difference whether your small business is incorporated. If yours is a proprietorship, you will likely be unable to separate your personal assets and debts from business assets and debts–all debts are labeled as personal in a proprietorship. If your small business is incorporated, you may be required to declare shares of your business and possibly business equipment as personal assets.
There is a possibility of your small business being forced to close as a result of personal bankruptcy. This is less likely with service businesses than with businesses that hold inventory. Working with an experienced attorney is your best bet in avoiding this outcome. To learn more about bankruptcy and how it can affect your small business, click on the links on the left. Compiled by Business.com, these links will provide you with a great deal of valuable information.
Briefly describe your project and get matched with the top vendors!