we have invested in a business for last 9 yrs, put in all of our savings have been working hard to make it a success but now it seems nothing is going to work and we don't want to lose whatever little we have, do you have any suggestions?
Shut down the business if it did not have have at least three years of profit (including your time, effort and money).
Hard to do after what you have invested, and there is good sense to the say" don't through good money after bad".
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"What does it profit a man to gain the world if he loses his soul?"
Why don't you describe your business and its location? Do you own the building it is in or do you rent?
Rule of thumb is 3 yrs and you see some light, for us it has been 9 yrs and nothing happening, some have said file bankruptcy some say it is not easy work as long as you can, but there is limit to everything and this is it. We are not sure what happens in bankruptcy, talked to some attorneys but they say you are still not ready as we make every effort to pay our bills any way we can. Is there any one who has gone thru something similar can suggest some alternatives???
found the answer but need little more input
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