Corporate Debt

There are two primary Acts that dictate the necessary legal steps for dissolving a corporation: the Model Business Corporation Act (MBCA) and the Revised Model Act. Each consists of the same basic legal...

Are you considering closing down your business? Learn the necessary steps to take, which can vary from company to company depending on the business structure.

A history of bankruptcy can affect your business's credit rating, which will make it difficult to obtain credit in the future.

Whether or not the IRS can collect after bankruptcy depends in large part on the circumstances, as well as the category of taxes owed.

Also known as Chapter 7, straight bankruptcy enables individuals, couples or companies in serious financial trouble to resolve debts and get a fresh financial start.

Understanding which debts are dischargeable under the various forms of bankruptcy can be like trying to navigate a minefield. Read our overview to map out the dangers and tricks involved.

Taxes are one of the most important issues facing small and growing businesses.

General partnerships have many benefits, but perhaps the most compelling is the ease with which they can be set up and maintained.

In an ideal world, you'd be able to demand full cash payment on delivery of your services. In the real world, however, you're going to have to extend credit to some of your...

Having multiple business credit cards signals lenders that you have the potential to get over your head in debt fast.

Loans are a well-known method of raising capital.

Follow proper corporate formalities or you risk running afoul of the law and losing your corporate status.

One of the key advantages to forming a corporation as your business entity is that if it is properly formed and operated, creditors should not be able to successfully sue the corporation's shareholders...

From the Small Business Administration While poor management is cited most frequently as the reason businesses fail, inadequate or ill-timed financing is a close second. Whether you're starting a business or expanding one,...

The decision to buy vs. lease can be a tricky one. Consider all of your options before making a decision....

A bad credit rating can damage your company in a number of ways.

One solution to the small business cash crunch is to lease essential office equipment. Here's how.

My company has several overdue accounts. Two of the debtors are in the same city as my company, but one is headquartered across the country. Should I use a collection agency where the...

I am a firm believer that a company should run its books in the black, but our company has been taking losses for several years now. Is it an unrealistic goal to make...