I think I am three months out before filing BK (Ch 7 hopefully). Waiting for tax refund.
I was approached to go into a side business (consulting) with a friend who knows my situation. Minimal start up capital required. (Cost of incorporation, opening a bank account, office supplies...)
Obviously, I don't want to raise any red flags. When would starting up a new company be okay? Could I do it before filing or does it immediately become an asset even without any revenue? If I wait until after filing, should I wait until after the 341?
Also, recommended business designation?
I was approached to go into a side business (consulting) with a friend who knows my situation. Minimal start up capital required. (Cost of incorporation, opening a bank account, office supplies...)
Obviously, I don't want to raise any red flags. When would starting up a new company be okay? Could I do it before filing or does it immediately become an asset even without any revenue? If I wait until after filing, should I wait until after the 341?
Also, recommended business designation?
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