I own a small business that is struggling, s-corporation is a bankrupt the best option to get rid of the lease? Posted on November 04, 2010
I own 3 small retail stores, the business is struggling, it is an S corporation with 3 shareholders. I will not survive in the business for too long? What are my options? I have 2 years remaining in a commercial lease, and it will not be easy for the mall to rent out this locations.( I already talked to them). Should I file for bankrupt before I default on my rent on the lease or after I default on the lease?
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