When is bankruptcy an option for a small business? The first question to ask is whether the business is a corporation, a partnership, or a proprietorship. Corporations, limited liability companies and partnerships are legal entities separate from their shareholders or partners. They can file Chapter 7 or Chapter 11 bankruptcy in their own right. Proprietorships, however, […]
The post When is Bankruptcy an Option for a Small Business? appeared first on National Bankruptcy Forum.
