Sounds like the IRS should investigate this company for other 50 year old CEO problems.

Agreed, but this gives me pause:

She built a company, hired people, then claims she can’t handle running it because she’s too young. Lies and/or excuses for bad behavior.

Also Etsy sellers and similar smaller businesses shouldn’t be offering net 30 terms. Payment up front. Product ships when payment clears. All the smaller vendors I work with operate this way.