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Financial Warning Signs – What to Watch for and What to Do

Here in Florida, the barometer plays an important role in warning us of stormy weather, even on days when the sun shines brightly and there is no obvious sign of rain. Unfortunately, when doing business with a company that may be heading into financial trouble, there is nothing as simple as a barometer to warn you. There are, however, tools and signs that can provide such warnings … if you look for them.

One of the results of the Great Recession from which we are slowly emerging is that companies are more aware of the need to be vigilant in protecting their finances by being careful of the economic health of their business partners. Another is that professionals in this area have learned various legal and financial methods of addressing problems earlier and in a more cost efficient manner. This article discusses some of those methods.

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