0
No
If this advice was followed by the many successful business people who failed along the way to their ultimate success, no one would ever bother. It is true that finding funding would be much more difficult but the true entrepreneur finds a way into business that requires little cash up front and ploughs the profits back to help the business grow. If it takes a while longer, so be it, but it can be done.
The only possible exception to this is where an out and out fraud has been committed but with any luck the guilty parties would be in prison anyway. Otherwise, once more unto the breach.......
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
What resources are available to entrepreneurs to start their business?
Your local SBA (Small Business Administration) and SCORE (Counselors to America's Small Business)
I WOULD LIKE TO START A SMALL BUSINESS OF MY OWN. HOW DO I GO TO GET A BUSINESS LOAN.?
You can try CIT Small Business Lending in Corpus Christi.
How to start your own business with no money?
You can try applying for a small business loan through a local bank or the US Small Business Administration.
Does business bankruptcy affect personal credit?
If your business is tied to your personal credit, then yes, you run the risk of being personally affected by the business's bankruptcy.
What guides are available on how to start a small business?
'The Small Business Start-Up Workbook', written by Cheryl D. Rickman, 'Starting a Business for Dummies' by Colin Barrow and 'The Financial Times Guide to Business Start Up 2013' by Sara Williams are all well regarded business set-up guides.
Can a bankrupt person start business the next day he filed bankruptcy?
In general, a bankrupt person can start a business the next day they filed for bankruptcy. However, they may face certain restrictions and considerations. It is important for the bankrupt person to consult with their bankruptcy attorney to understand any limitations and requirements related to starting a new business after bankruptcy.
Why would a small business claim bankruptcy?
A small business owner would claim bankruptcy for a few reasons. The biggest reason would be to eliminate most or all debts for which a business owner is personally liable for.
What companies have filed bankruptcy in Michigan?
While many small companies (mom and pop) business have declared bankruptcy the biggest is GENERAL MOTORS who declared bankruptcy.
Can a small business owner file for bankruptcy and still protect their assets?
Probably not
where can i get a small business loan, that i do not have to repay?
You can take a small business loan, but you will have to repay it or face bankruptcy and having your assets seized. Instead you can pursue a grant, which you do not have to repay.
Can an individual establish a corporation while on chapter thirteen bankruptcy?
Yes, a person can start a business or corporation while in the midst of a Chapter 13 bankruptcy case. If you are looking for start-up funding, you will have to ask the bankruptcy court for permission.
How you decide to start a small business in pakistan?
You think to yourself "shall i start a small business in Pakistan?"
where can i get a small start up va business loan ?
Where can i get a small start up va business loan.
Can you get a small business loanafter you file a chapter 7 bankruptcy?
No, because C-7 dissolves the business...and it can't do nothin anymore.
Can I start a small business on a lease?
It is possible to start a small business on a lease with less start up cost. http://www.businessfinance.com/small-business-lease.htm is a website that explains the process and gives the best information.
Is there a bankruptcy for business?
Yes, normally I believe ch. 11 is for business bankruptcy.
Should you start a new business if im going to file chapter 7 bankruptcy?
can I start a new business if I'm going to file chapter 7 on my personal debt?
