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How Much Does it Cost to Close My Startup?

When it comes to winding down your startup, understanding the associated costs is crucial for an orderly and compliant closure. The expenses can vary greatly depending on the method chosen – Bankruptcy, Assignment for the Benefit of Creditors (ABC), or a direct Wind-Down. Let’s dive into what these processes entail and the likely costs involved....

An Artisan Chair Company Faces a Crash: Will Dr. Doom Turnaround or Wind-Down?

As Dr. Doom, a Chief Restructuring Officer, I’ve faced many challenges, but the case of this chair company was particularly intriguing. The founder, an eccentric and brilliant architect, had combined his passion for design with the unparalleled craftsmanship of Amish artisans. Yet, his pursuit of perfection was leading the company to financial peril. It was...

The Critical Role of a Chief Restructuring Officer in Startup Wind-Downs

In the rollercoaster world of startups, encountering unforeseen challenges that threaten the company’s existence is not uncommon. When such crises loom, enlisting a Chief Restructuring Officer (CRO) becomes not just a choice but a necessity. However, the role of a CRO is multifaceted, varying significantly based on whether they’re tasked with a company turnaround or...

Should I Turnaround or Wind-Down?

As a startup founder, you’re constantly fundraising, deciding which bills to pay – and if you should even pay yourself. You spend countless hours building a startup only to chase the dream with little result – how do you stop the cycle of never having enough cash? Can you turnaround? Or should you wind-down? Here...

How to Avoid Startup Bankruptcy: 5 Key Takeaways

Lately, we’ve heard tales from our beloved Dr. Doom, a Chief Restructuring Officer who can help turnaround, or wind-down a startup depending on the circumstances. Here are 5 key takeaways from some of his lessons to avoid bankruptcy court: 1. Get Ahead of It: The Six-Month Runway Rule In the high-stakes game of startup survival,...

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www.ravixgroup.com
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1871 The Alameda
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San Jose, CA 95126

www.ravixgroup.com

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