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BECAREFULL WHO YOU TRUST

By CPG

I have a client who had an extremely good and growing extremely fast small-business that needed some influx of capital. The client's accountant and business consultant proposed a complicated "scheme" where people would infuse capital to help the growth of the business and receive a percentage ownership.

However the agreement was not in writing and thing went array and now the client is on the verge of financial collapse and being sued by vendors left and right. Becarfull who you trust because in less than a year everything you have worked hard could be gone.

Full post as published by MICHLAW on August 31, 2007 (boomark / email).