Bankruptcy Benefits for Startups
The failure of your startup and subsequent exit plan will raise a host of conflicting concerns, such as your reputation in the VC community, the well-being of your employees, and the preservation of your company's work. These concerns often lead to paralysis and a hasty winding down of operations once the funding dries up.
It does not have to end this way. If addressed early in the winding down process, your company or its assets may live to see another day through bankruptcy or one of its many alternatives.