On average, 59% of new restaurants close within 3 years. Given this,
the 40/40 chain has beat the odds.
Planning early will
make the process of completing and filing your tax return less of an
Owners of significant minority equity sometimes may have the corporation dissolved.
Work with a reputable insurance agent to decide on the right amount and types of insurance that you need.
In this tough economy, managers should try to steer clear of weak links when moving their businesses forward.
Before doing anything else, get a copy of the contract
of sale from the broker and review it carefully.
Forming an L.L.C. is a great way to shield assets from creditors. But talk to a good bankruptcy lawyer first.
In '08, Combs ranked 33 with a net worth of $35 million. By '09, he dropped to 68 - net worth...$30 mil.