Restructuring a Business
Waiting too long to consult a restructuring professional is one of the most common pitfalls made by business owners, according to Murphy and King attorney Ethan Jeffery, who has helped dozens of clients unravel the complexity of restructuring their companies. Instead, he advises concerned principals to seek out advice early, when they have access to many more options than later in the process. He also stresses the importance of taking a realistic, objective look at a company’s plans to get back on track. Ethan closes with a reminder of the importance of having a designated payroll account as a way to protect the critical human resources of a firm from creditors.
This video is an excerpt from a podcast. Listen to the complete podcast below: