To Save a Business, Plan the Details

a businessman with some jigsaw puzzle pieces in his handDesperate times might require bold moves.

By Ed Mendlowitz
Call Me Before You Do Anything: The Art of Accounting

I once saved a client’s business that the IRS was in danger of closing. Here is the nitty-gritty.

MORE: How I Saved a Business | Start with the Cash | Why a Break-Even Analysis Matters | How I Owned a Printing Company and Restaurant | Am I Happy?
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The owner wanted to be able to walk away without her business. She would be broke and would lose her house, but she wouldn’t have a continuing debt for unpaid payroll taxes.