Business Bankruptcy, Deductions and Default

Storm Warning: Private Company Red Flags

Your Virtual Credit Manager

JANUARY 14, 2025

The United States has witnessed a significant surge in corporate bankruptcies, reaching a 14-year high in 2024. Business bankruptcy filings increased by 33.5% In contrast, customer bankruptcies or other defaults typically cause the loss of most, if not all, the AR owed. Do you need help improving cash flow?

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LLC vs. Sole Proprietorship: Differences, Similarities, and How to Choose

Fundera

OCTOBER 23, 2019

Pass-through taxation is the default, but LLC can elect corporate tax status. Owners aren’t personally liable for business debts. Owner is personally responsible for business debts. A sole proprietorship is an unincorporated business with one owner, and it’s the simplest and least expensive type of business to form.

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Storm Warning: Private Company Red Flags

LLC vs. Sole Proprietorship: Differences, Similarities, and How to Choose

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