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Debt can reduce risk. Many corporations use leverage up a project, say 90%, so they only need to put in the 10%. If something goes wrong, they lose the 10% and
by appleiigs 10y ago
Debt can reduce risk. Many corporations use leverage up a project, say 90%, so they only need to put in the 10%. If something goes wrong, they lose the 10% and they walk.
- icantdrive55 10y agoYea, but they are usually LLC's. If I could have a do over, I would enter society as an LLC. "Here's my baby--Donald J. Liability proof LLC. Hell--Lawyers do it. Doctors used too, but I don't see it as much. I don't know why? I recall LLC's are easily broken up when used by certain professions. I see nothing wrong with debt as long as your Judgement Proof, or you can count on a clean Chapter 7. I have no love for CC companies.