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Startup Lessons: 4 Companies Facing Product Lawsuits

The Startup Magazine

When conducting business, it is crucial to make a profit and keep your operations running smoothly. Here are 4 companies that have faced legal action due to the distribution of a toxic or otherwise dangerous product. The company had to file for bankruptcy later that year. Monsanto’s Roundup Herbicide. Remington’s Rifles.

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Everything You Need to Know About the Difference Between Bankruptcy and Liquidation

The Startup Magazine

If a business or person is unable to pay off their debts, then they may be forced to liquidate or declare bankruptcy. The purpose of liquidation and bankruptcy are actually quite similar, although the way that both are applied are not the same. What is bankruptcy? What are the types of bankruptcy? Source: Pexels.

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Tripwire Marketing: From Bankruptcy to Over 1 Million Dollars in Profits in One Year

ConversionXL

In 2015, 9-figure apparel retailer Karmaloop.com filed for bankruptcy. The result of this query was this histogram: This chart displays the distribution of whale second-purchase latencies. The post Tripwire Marketing: From Bankruptcy to Over 1 Million Dollars in Profits in One Year appeared first on CXL.

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The Great Retail Reinvention: How the Internet Is Reshaping the Way We Buy Clothing

View from Seed

In 2017 alone, we’ve seen widespread store closures or bankruptcies from apparel retailers, including: True Religion. The old brands and distribution channels are dead or dying. We are currently seeing the most rapid collapse of retail since the Great Recession, due to the internet changing consumer demand and purchasing patterns.

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Business Prenup: What To Do Before You Start A Company With A Partner

YoungUpstarts

If you stop working for the company, how will that impact your voting and distribution rights? What type of behavior do you want to incentivize or discourage in your contract drafting process (for shareholder or operating agreement, employment agreement, employee manual and vendor and service agreements)? Bankruptcy?

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How To Gracefully Dissolve Your Startup

The Startup Magazine

Declare Bankruptcy. Bankruptcy is a startup dissolution process that is often initiated by a debtor to get relief if that debtor cannot pay their debts. There are two main kinds of bankruptcy: “chapter 7” and “chapter 11”. Bankruptcy puts a halt to lawsuits and the claims of creditors, making the business more valuable. .

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Should You Be Switching Your Business Entity To Protect Your Business From Further Loss?

YoungUpstarts

If you are currently operating your business as a sole proprietorship, this means that your business doesn’t really “exist” as a separate legal entity from yourself. If your business is unable to weather the current economic storm and has to close or file bankruptcy, you can be held personally liable for any outstanding debts.

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