TO BANKRUPTCY OR NOT TO BANKRUPTCY...THAT IS THE QUESTION? - Bookkeeping by CBS - News & Information


TO BANKRUPTCY OR NOT TO BANKRUPTCY...THAT IS THE QUESTION?

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Going bankrupt is not an option for any business as it is the most difficult decision a business owner will ever make....

WHAT IS BANKRUPTCY?
Bankruptcy is a legally declared inability or impairment of ability of an organization to pay its creditors.

YOUR SPECIALITY:
For instance...your specialty is Construction and you are a great builder because you know what a building envelope is; what a load bearing wall is and you are aware that for every house you are going to build, you need a building plan along with the required building permit, a foreman to put your plan in place and workers to build that beautiful dream home and of course you need financial backing.

WHY NOT HIRE?
So, then why would you not hire:-
A Lawyer to take care of the legal issues?
A Business Coach to help you wade through the business hurdles?
A financial Advisor to help you plan for every financial event?
A Real Estate Agent to sell that house?
An Insurance Broker to cover what ifs?
A Web Designer to build you the best Website and to enable all those traffic builders which will drive prospects to your site?
A Bank to help you through those times when you need a loan?
A Bookkeeper to help you with your daily record keeping?


By not hiring an advisor then you are most certainly courting trouble as you need to surround yourself with the best Advisors as you should never go it alone in business.


NOT AN OPTION:
Bankruptcy is not an option for the average business as it going to be tough to get started all over again...as cash will be your only option and when you do not have cash then you are out of options. Now what?

DON'T WAIT:
Why wouldn't you hire a Bookkeeper to take you through those times when your expenses are extremely high and your receivables are 90 days past due and you are afraid to rock the boat by calling your large client to demand payment as you are definitely aware that he will drop you as a sub-contractor and there goes your large contract.

NOW IS THE TIME:
Now is the time to finally realize that you need help. Not tomorrow, but today. Did you know that with the right professional as your advisor then the sky is the limit and the world can definitely be your oyster?

STEPS TO TAKE:
Are you aware that hiring an advisor is the best money you will ever spend? We all need advice of one form or another. Every business owner should surround themselves with the best possible advisors

NEED HELP?
Please contact us at http://www.bookkeepingbycbs.com/ and we would be happy to assist you or to guide you to one of our strategic partners who may be able to help.

HERE ARE SOME LINKS WHICH SPEAKS TO BANKRUPTCY:-
http://www.cra-arc.gc.ca/tx/bsnss/tpcs/lf-vnts/bnkrptcy/bnkrptcy-eng.html
http://www.bankruptcy.deloitte.ca/en/Pages/default.aspx

Category: Bookkeeping by CBS | Comments: 0 | Add comment | Date: July 31st 2010 18:16:31 | Author: webadmin


 



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