Zone of Insolvency - How to Conduct Business When Bankruptcy is a Looming Possibility
Corporate Boards of Directors always have complicated decisions to make. However, those decisions become incredibly more complex when the company has entered a “zone of insolvency” and is considering bankruptcy. Generally, Boards of Directors owe a fiduciary duty to the company’s shareholders. That means that they must make decisions for the company based on a …
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What You Can Do When Your Customers Don't Pay Their Invoices
Almost every business owner has faced the same problem at one time or another. The business provides a product or service to a customer, the business invoices the customer for payment and the business never receives payment. This situation is frustrating at best and a threat to the business’s profitability and continued existence at worst. However, if you provided a product or …
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