Posts Tagged ‘home business plan’

Home Business Creating Financial Difficulties

Sunday, February 6th, 2011

Consumers may be driven into declaring bankruptcy by many different types of financial difficulties.  One of these difficulties may be stuck with a home business that does not earn sufficient income to warrant the time and expense to run it.  A home business can be a drain on a person’s resource.  Before starting a home business it is important to do a thorough cost benefit analysis of it.  It is also important to keep in mind that there are unscrupulous entities that take advantage of potential home business owners by offering financial traps under the false guise of a business opportunity.  This type of deceptive home business program often promises for the home business owner to make huge profits working just part-time.   Carefully investigate before buying a business program the seller’s credibility, the success rate in the past of people buying the business plan, complaints that have been filed against the seller, how much money it will cost to get started, what the potential exposure to claims against the home business owner if the program is not as represented, how much time will need to be invested weekly to do business, how much time it will take monthly to run the business, what the monthly cost will be to do the program, what are your expected monthly earnings from the business, what insurance costs there may be to run the business, what licenses may be required, what bookkeeping is required, what legal requirements must be met, legal expenses and what paperwork will be required to sign to start this business.  If a consumer is already stuck with a home business program that is a huge drain he or she should contact a Minnesota attorney to evaluate the situation to see what can be done to address the problem.  An experienced Minnesota attorney may be of assistance in a number of ways including the potential for civil litigation or debt relief.   If the consumer has been a victim of fraud or breach of contract and has moved within applicable time limits he or she may be able to pursue a claim against the seller.  There may also be another type of legal help available for a home business program that is a financial drain through bankruptcy if the debtor is eligible under prevailing law.  It is a sound idea to consult with a Minnesota lawyer to find out what legal assistance may be available to help when faced with business and/or debt related problems.

This blog is not intended to give legal advice and does not do so.  Reading this blog does not establish an attorney-client relationship nor is it a substitute for consulting with a licensed lawyer.

We are a debt relief agency.  We help file for bankruptcy relief under the bankruptcy code.