Why do suppliers sometimes ask entrepreneurs of small companies to provide personal guarantees for a line of

Question:

Why do suppliers sometimes ask entrepreneurs of small companies to provide personal guarantees for a line of business credit? If an entrepreneur is asked (forced) to provide personal guarantees, then what personal protection does a company as a legal form really provide?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

ISE Entrepreneurship

ISBN: 9781260565621

11th International Edition

Authors: Robert Hisrich, Michael Peters, Dean Shepherd

Question Posted: