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Funding a business
Can you fund a business that has gone bankrupt?
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[QUOTE="Yusra3, post: 337263, member: 31907"] It may be risky but not impossible to re-start a business which was closed in the past. A hand is required to perform a comprehensive due diligence and these entail understanding why the prior venture failed and to examine whether the issues have been addressed. Seek out a strong organizational team, a solid strategy, market viability, and ways to prevent making the past mistakes. Make sure that such cases are taken care of and that no past lawsuit or liabilities are transferred. In spite of all the cautionary measures, putting trust in a lapsed business and having virtually limitless trust and a lot of patience are the characteristics of a speculative investment. [/QUOTE]
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Can you fund a business that has gone bankrupt?
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