Recent content by aes523

only that she is sole shareholder and that whatever liabilities the company has ultimately flow thru to the owners. Is she mistaken?

My mother owns a business (s-corp) and has been hit pretty hard by the economy, cheaper competition and a maxed out credit line. She's contemplating chapter 11, and as the sole owner understands that she's ultimately liable for the debt, but doesn't want to lose her house. Her plans were to...