California Businesses Fight for Cash and Lives: Who’s Next?
Published July 12, 2009 | 
Team Altman Interesting News:
Entrepreneurs that own small businesses in California are now faced with the daunting task of getting IOUs paid that were issued by the state of California in some sort of timely manner, and they not only have to stand in line with other business owners, but taxpayers due refunds from the state as well, and although there are options available to IOU holders, waiting for all of them are high fees charged by check-cashing storefronts and online marketplaces that do nothing but eat into already slim profit margins and cash flow.
The big questions now is will other states on the edge of the “financial no-mans land” go down the IOU path, and will Entrepreneurs that can afford to move their businesses stick around?
The Rest of the Story: http://money.cnn.com/2009/07/12/smallbusiness/california_small_vendors_ious.smb/index.htm?postversion=2009071210