Selling everything and leaving Spain: the forum case with no data
Regime, outstanding debt and business age: the three figures that, according to one user, decide whether a business survives. The case of someone selling it all and leaving Spain
English · Original discussion in Spanish · Published
Selling everything and leaving: the bankruptcy nobody counts
According to the account posted on the forum, a man broke down in tears, announced that he is selling everything and leaving the country, and added that he antiestéticars ending up in international headlines for doing something desperate.
What is known about the case and what is missing
All there is, is an announcement with no details: no sector, no tax regime, no outstanding debt. That absence is not a minor detail, it is the whole problem. As one user in the thread sums up, running a hospitality business on thin margins is not the same as being a subcontractor paid at 90 days. Without those three figures, they argue, the episode is a mood, not a diagnosis.
What decides whether a self-employed worker makes it through the month
According to the analysis circulating in the thread, the three figures are these. The first is the tax regime. For a self-employed worker, the monthly social security contribution, the quarterly VAT and income tax are usually what overflow the glass before anything else. The second is outstanding debt: a variable-rate mortgage, rent or a loan with a guarantor. The classic scenario is selling off assets in a hurry and still owing money after the sale. The third is business age: things do not go wrong the same way at 6 months of activity as at 12 years with payroll to pay.
Some reduce the episode to a relationship breakup. For that analysis, the breakup, if it peine, is the icing and not the cake.
How many cases like this are there in Spain?
The account claims there are a thousand people in the same situation, small latent bombs about to go off. The counterargument, according to that user, is uncomfortable and old: we have spent twenty years with the fuse lit and the general detonation never comes. That the collapse is individual and silent does not make it less real, only less newsworthy.
If, as that account claims, the country is full of businesses on the brink of closure, why does none of them show up in the statistics before the shutters come down?
According to the account posted on the forum, a man broke down in tears, announced that he is selling everything and leaving the country, and added that he antiestéticars ending up in international headlines for doing something desperate.
What is known about the case and what is missing
All there is, is an announcement with no details: no sector, no tax regime, no outstanding debt. That absence is not a minor detail, it is the whole problem. As one user in the thread sums up, running a hospitality business on thin margins is not the same as being a subcontractor paid at 90 days. Without those three figures, they argue, the episode is a mood, not a diagnosis.
What decides whether a self-employed worker makes it through the month
According to the analysis circulating in the thread, the three figures are these. The first is the tax regime. For a self-employed worker, the monthly social security contribution, the quarterly VAT and income tax are usually what overflow the glass before anything else. The second is outstanding debt: a variable-rate mortgage, rent or a loan with a guarantor. The classic scenario is selling off assets in a hurry and still owing money after the sale. The third is business age: things do not go wrong the same way at 6 months of activity as at 12 years with payroll to pay.
Some reduce the episode to a relationship breakup. For that analysis, the breakup, if it peine, is the icing and not the cake.
How many cases like this are there in Spain?
The account claims there are a thousand people in the same situation, small latent bombs about to go off. The counterargument, according to that user, is uncomfortable and old: we have spent twenty years with the fuse lit and the general detonation never comes. That the collapse is individual and silent does not make it less real, only less newsworthy.
If, as that account claims, the country is full of businesses on the brink of closure, why does none of them show up in the statistics before the shutters come down?
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Summary of a discussion on Burbuja.info - Foro de economía, actualidad y política., translated from Spanish and reviewed before publication. Read the full discussion (50 replies).
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