C
curious3tlw
Guest
What is the name of your state? CA
Facts: (1) a small business owner of a retail, brick and mortar, operation, is delinguent on mortgage payments/key vendor bills
(2) employees know sufficient income exists to support business expenses plus profit, yet business is threatened by delinguent bill payment
Question: What options do employees have if they're interested in buying the business from the owner and assuming loans or getting new ones, based on the business financials
Don't know what type of business (sole proprietorship, etc) it is, but am working on finding that out.
Facts: (1) a small business owner of a retail, brick and mortar, operation, is delinguent on mortgage payments/key vendor bills
(2) employees know sufficient income exists to support business expenses plus profit, yet business is threatened by delinguent bill payment
Question: What options do employees have if they're interested in buying the business from the owner and assuming loans or getting new ones, based on the business financials
Don't know what type of business (sole proprietorship, etc) it is, but am working on finding that out.