rmggregory264 rmggregory264

21-02-2024
Business

contestada

What are the disadvantages/risks of starting a business?
1) Funding (capitalization) limited by amount of personal savings and ability to borrow
2) Lack of opportunities for employees since they are generally small in size
3) Often requires a lawyer to formally set up the business
4) Unlimited liability for the owners
5) Profits shared
6) Potential for conflict between owners

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