According to various sources, approximately 70% of businesses that are put up for sale do not find a buyer. Closing a business can be a challenging process, but with proper planning, liquidating assets, setting financial obligations, and closing down the business can be managed effectively. Here are some best practices to consider when you are…
By James J. Talerico, Jr. The American Bankruptcy Institute (ABI) predicts a future surge in small business bankruptcy filings. The Small Business Reorganization Act (SBRA) of 2019 – which Congress passed last summer and enacted into law in February when the Covid-19 pandemic began – amended the Chapter 11 bankruptcy code and now offers …
By James J Talerico, Jr., Special for The Times USA For many business owners, choosing a consultant is almost like shooting in the dark. According to a recent study, only 7% of businesses feel they know all the questions they should be asking when hiring a consultant. The purpose of this article is to take…