Question: Critical Thinking Exercise #1 in Chapter 13, Addressing Legal Issues and Managing Risk. What can happen to an entrepreneur who is personally liable for a

Critical Thinking Exercise #1 in Chapter 13, Addressing Legal Issues and Managing Risk.

What can happen to an entrepreneur who is personally liable for a business? How can an entrepreneur protect herself from personal liability? For example, say your friend wants to start a business making custom skateboards. Write a memo to your friend, explaining the risks involved and suggestions for limiting liability.

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