Welcome to Westonci.ca, your ultimate destination for finding answers to a wide range of questions from experts. Discover the answers you need from a community of experts ready to help you with their knowledge and experience in various fields. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.
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
Visit us again for up-to-date and reliable answers. We're always ready to assist you with your informational needs. We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. We're here to help at Westonci.ca. Keep visiting for the best answers to your questions.