All Questions
Tagged with small-business debt
10
questions
0
votes
4
answers
377
views
Is this method of getting free money viable and consistent with law?
A lot of credit cards these days give you an interest free period, say 24 months. They also allow you to transfer debt for a small fee, let's say 4%. This means if you keep the moving the debt around, ...
- 109
45
votes
10
answers
21k
views
I won USD 50K! Now what should I do with it?
I won a sweepstakes and will be getting USD 50k...it is verified that it is legitimate although no taxes have been taken out so I will have to claim this income on my taxes next year, they will send a ...
- 460
0
votes
1
answer
441
views
Transferring personal debt from startup costs and operations to a corporation
For a long time, I've been a one person startup, and have just bundled all business costs - presenting at conferences/travel, office rent, hardware equipment purchases, etc., to my personal account. ...
- 360
2
votes
1
answer
594
views
I am a co-founder departing from a startup with debt, should I cover a portion of the debt on exit? [closed]
I'm a minority partner in an e-commerce startup, now departing due to personal reasons after being with the team for a couple of years.
Founders agreement has a clearly outlined 4-year vesting ...
- 23
1
vote
1
answer
413
views
What to do with an old building to get money
My father owns a home, inherited from his parents--my grandparents. It's a very old building. He can't rebuild it because it is in town and in a difficult place.
He replaced the roof because it was ...
- 113
10
votes
2
answers
712
views
My Boss owes money but I am named on letter from debt collection agency (UK)
My employer has an outstanding debt with a company he aked me to speak with a couple of years ago. Now that company has my name listed as a "contact". He received a letter from a debt collection ...
- 101
4
votes
2
answers
11k
views
How to start a business when you owe the IRS and Everyone else?
My history:
In 2006 I was doing pretty well, my online ventures were doing around $30k profit a month however I am a programmer and did not run the business side of it well at all. (taxes, forming a ...
- 123
1
vote
2
answers
910
views
How to structure a loan for my owner-financed business sale, so we are paid sooner than later?
My wife and I are in the process of selling our business to a buyer. We have agreed on an amount to sell the business for, and to owner-finance the balance.
The buyer has already taken over day-to-...
- 173
8
votes
1
answer
2k
views
Borrowed money from a friend for my business, & can't pay it back. Got a lawyer's letter. What can happen?
I borrowed some money from a friend of mine for use in my business and I am not able to pay back to him now due to the bad business. Actually, he put the money into my business first and later decided ...
- 81
10
votes
3
answers
589
views
Help: Being charged interest on a loan for which I received no statements telling me of this debt for the past 15 years. Surprise!
Is this legal? This was a private loan within a small business. I was under the assumption that the bill was paid in full 15 years ago. My only drawback is that I never got them to sign to verify the ...
Dan