Law Homework Help

Your clients, Fred Frugal and Barney Bizarre, have been operating their business for the past five (5) years. The first year Fred and Barney were busy getting established and acquiring customers. Years two through five, however, proved very successful for Fred and Barney as they were able to expand their customer base, their revenue base, their employees, and their business assets. Unfortunately, a sudden, unanticipated downturn in the economy in this, their sixth year of operation, has caused Fred and Barney to lose a large portion of their customer base. They have spent money advertising with various media in an attempt to gain new customers, but their income from sales and services remains flat and declining. Likewise, their stockpile of financial resources is being rapidly depleted forcing them to contemplate downsizing and layoffs as the bills mount faster than they can pay them off