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Startup Lessons: 4 Companies Facing Product Lawsuits

The Startup Magazine

The company had to file for bankruptcy later that year. Remington was founded in 1816 and operates today as the United States’ oldest gun maker. As a result of these defective rifles, the company suffered severe financial losses and damages to its reputation, which left it to begin planning for bankruptcy in late 2017.

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21 Entrepreneurs Reveal Their Favorite Business or Entrepreneur Turnaround Story

Hearpreneur

Saturn, Pontiac, and Hummer were all shuttered due to GM's bankruptcy, which occurred on June 1, 2009. million in the United States in 2020. Yuan came to the United States on his eighth attempt to migrate from China. Eventually, the company was led to global dominance by Alfred P. Photo Credit: Jason Feldman.

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Smart And Effective Tips For Young Entrepreneurs To Avoid Bankruptcy

YoungUpstarts

Bankruptcy is the ultimate panacea to all debt woes, whether for a business or an individual. Bankruptcy is that B-word which we all know of but we don’t prefer saying it as we all hope that we never have to go through it. Bankruptcy leaves back deep wounds both mentally and financially in the form of a trashed credit report.

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Why You Should Background Check Your Business Partner

YoungUpstarts

Here are the issues that merit concern: Financial Issues: Bankruptcy, tax liens, poor credit, and other financial problems should raise a red flag, even if your potential partner will not be contributing financially to your business. Knowing What to Look For. Most background checks will come back with some sort of red flag. Don’t panic.

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30 Entrepreneurs Reveal Their Favorite Business or Entrepreneur Turnaround Story

Hearpreneur

Before Jobs returned to the business in 1997, its sales, and popularity all steadily declined for 12 years, nearly driving it into bankruptcy. Seven years ago I launched a business that would eliminate my savings and push me to the verge of bankruptcy within 18 months. Thanks to notably Erin LaCkore, LaCkore Couture ! #8-

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Battling Big Business Bullies On The IP Playground: Minimizing The Risk Of Intellectual Property Litigation

YoungUpstarts

Since patents must be publicly registered with the United States Patent and Trademark Office (USPTO) however, a licensed patent attorney may provide valuable advice based on the parameters specified in a competitor’s patent. However, these statements are about as effective at avoiding copyright infringement as yelling “bankruptcy!”

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5 Ways to Reduce the Risk of Workplace Accidents At Your Startup

The Startup Magazine

In the United States, approximately 2.7 This could result in fines, bankruptcy, or jail time. million nonfatal and 4,750 fatal workplace accidents occur every year. Image Source: Unsplash. What Happens After an Employee is Injured in the Workplace? Why is Accident Prevention Important in the Workplace?