I am a 50% owner of a small jewelry business that I operate part time. At this time, we have very little inventory and only a few hundred dollars in our bank account. We don't have any debts. I'd like to keep the business open and return to selling after the bankruptcy. Will this be possible? Because the business has its own tax ID number is it separate from me? Will this affect my partner at all? Because the business has no real assets, will that protect it? Will I have to close the business down?