>start firm A >firm A takes out loan to buy asset >start

Someone eventually has to take the fall for it though

Bankruptcy legal proceedings will review all of firm A business transactions. Once common ownership is determined firm B might be held liable

>>1384014

postpone that shit for years and by the time it happens you are on the beach in another country with millions

>>1384022
>postpone that shit for years
But how?

>>1384000
>firm A takes out loan to buy asset
firm A won't get a loan
>firm A sells asset to firm B massively discounted
That's called a fraudulent conveyance, and its against the law. The transfer is void or voidable, and you, as perpetrator of the fraud, may be subject personally to civil and criminal penalties.
>file for for firm A's bankruptcy
Bankruptcy fraud is also against the law, both civilly and criminally. So now you've doubled you financial exposure and doubled your potential risk of criminal prosecution.

Not only will the scheme not work, but it'll land you in prison.

But other than that, wonderful thread OP. Thanks for making /biz/ great again.

>>1384236
>firm A won't get a loan
why the fuck not?

>>1384000
>checks out /biz/ after a 2 year break and see this
>leaves forever

>>1384258
>no fun allowed

>>1384236
Like anyone would go after you unless it was millions of dollars

>>1384261
mfw you try at a $999,999 and 99 cents which is WAY LESS then a million bucks, and you still get fucked.

>>1384244

>Bank: Why do you need loan
>You: To buy out my own company, that I have yet to create, which has no assets or cash flow
>Bank: sounds good to us. Here's 10 million

>>1384275
>banks won't give a 100k loan for starting a small business

>>1384235

lawyers bro... lawyers

i know a guy that put off a DUI for 4 years before trial. you can do it you just have to believe

>>1384277

Well, i guess you're right.

You're already facing civil and criminal charges with every part of this plan, so what difference would adding a felony in be

>>1384288
>You're already facing civil and criminal charges with every part of this plan
Why both?