This is unironically what people do. They buy businesses, sell all the assets, pay themselves exorbitant bonuses for having a profitable quarter from selling all the assets and then sell the business. After someone buys it it’s like a 60% bankruptcy rate post sale.
And then other businesses that have “too good” numbers buy those failing businesses and let them go bankrupt to use as larger write-offs and get tax rebates.
This is unironically what people do. They buy businesses, sell all the assets, pay themselves exorbitant bonuses for having a profitable quarter from selling all the assets and then sell the business. After someone buys it it’s like a 60% bankruptcy rate post sale.
And then other businesses that have “too good” numbers buy those failing businesses and let them go bankrupt to use as larger write-offs and get tax rebates.