Category: Bankruptcy

LLC v S-Corp for the New Business Owner

Bottom lining the choice between a Limited Liability Company and an S Corporation for the new business owner  Lawyers and accountants are guilty of a lot of blah blah blah around entity selection. Let’s cut to the chase. If you are a new business owner just starting out with a business, there are really two…

By Nate Riordan July 1, 2019 0

I Defaulted On My SBA Loan, Now What?

If you’ve defaulted on a Small Business Administration (SBA) loan, you could find yourself personally liable and your assets at risk. Fortunately, you may find relief by filing bankruptcy but you must understand how SBA loan defaults are handled so that you can move quickly to protect your assets. What Happens When You Default? You…

By WR Law Group July 19, 2018 2

Drowning In Debt And Trying To Exit A Business

Filing for a personal bankruptcy is a difficult decision but going through a personal bankruptcy while exiting a business, adds its own extra dimension of challenges. If you’re considering bankruptcy and trying to exit a business, there are a few best practices you should follow. Open Communication When you’re filing for personal bankruptcy and either…

By WR Law Group June 11, 2018 1