At Westonci.ca, we provide reliable answers to your questions from a community of experts. Start exploring today! Discover in-depth solutions to your questions from a wide range of experts on our user-friendly Q&A platform. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.
Sagot :
Final answer:
Starting a business involves substantial risks, especially in terms of personal liability and asset protection.
Explanation:
Risks associated with starting and operating a business can be substantial and non-trivial. When individuals establish a business as a sole proprietorship or partnership, they are personally liable for business debts and damages, risking their personal assets. However, forming a corporation provides a legal shield from personal liability, as shareholders' personal assets are not at risk.
Learn more about Business risks and liability here:
https://brainly.com/question/36273607
Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Westonci.ca is your go-to source for reliable answers. Return soon for more expert insights.