If I drop the unprofitable business - then personal and corporate bankruptcy is certain. If I can stretch the runway to profitability, it is probable that I will turn a profit and be able to pay the loans. So I do understand the advice to "sell" or "close" but that actiuon would DEFINITELY...
Goal: I am looking for advice on what attorney specialty and/or service I should engage to help with this issue below
Facts:
1. I am a franchisee of a cleaning service in Illinois. I purchased in late 2022 and the business is not yet turning a profit. I used the ROBS funding so it is a C Corp...