Remove Bankruptcy Remove Distribution Remove Finance
article thumbnail

Financial Management: 7 Steps To Getting Your Small Business Debt-Free

The Startup Magazine

Whether you are new in business or an established entrepreneur, you need to be diligent with your finances. There are several reasons a bank will reject financing applications, but the most common is a low credit score. If your business credit score is low, applying for a bad credit loan can help you secure the financing you need.

article thumbnail

Everything You Need to Know About the Difference Between Bankruptcy and Liquidation

The Startup Magazine

If a business or person is unable to pay off their debts, then they may be forced to liquidate or declare bankruptcy. The purpose of liquidation and bankruptcy are actually quite similar, although the way that both are applied are not the same. What is bankruptcy? What are the types of bankruptcy? Source: Pexels.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Should You Be Switching Your Business Entity To Protect Your Business From Further Loss?

YoungUpstarts

If your business is unable to weather the current economic storm and has to close or file bankruptcy, you can be held personally liable for any outstanding debts. Setting up a legal business entity for your business creates a “company” that is different from your personal identity and separate from your personal finances.

LLC 255
article thumbnail

Tips On Starting A Business Without Sabotaging Your Personal Finances

YoungUpstarts

Yet too many people put their personal finances at risk to launch a business, but I believe it can be done without sabotaging your financial future. A business failure can become dicey when an entrepreneur takes on too much debt, taps personal or family savings, and later needs to declare bankruptcy.” Don’t forego insurance.

Finance 100
article thumbnail

Visualizing Success For Your Business: 3 Tips Before You Seek Financing

YoungUpstarts

By Jay DesMarteau, head of small business and government banking distribution for TD Bank. TD Bank’s 2015 Small Business Survey found that while most small business owners handle their businesses’ bookkeeping, two in five are unsure about their financing strategy and how to seek additional credit. Last year the U.S.

Finance 100
article thumbnail

What Angel Investing & Florida Condos Have in Common

Both Sides of the Table

It’s true that it’s cheaper to start companies now and cheaper to get distribution. That would mean that the increased number of new business startups will lead to a “funding gap&# of deals that can’t get financed. This is the time it takes for a bankruptcy or asset sale to occur. Or a quick flip.

Florida 299
article thumbnail

The New Middle Ages

YoungUpstarts

The video also echoes what I have noticed in my own life, where a growing number of professional and business people are now out of jobs or businesses, recently lost their home to default or foreclosure, or have recently filed bankruptcy or are on the verge of doing so. which was about $54 trillion in 2009.

America 133