6
So you can put your policies into effect quickly. You
decide on your
vocation,
hours, salary, hiring and firing.
Alice
Well, that’s not bad.
Jim
Wait a moment. I believe I have to tell you about the risk
involved
.
Alice
What do you mean?
Jim
First of all, the most important risk is that you have
unlimited liability. It means that you are responsible for all
your business debts.
Alice
So if the business fails, I have to declare personal
bankruptcy,
don’t I?
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