I have to admit, this one is kind of tough. There are a lot of things that could happen, and it’s hard to know which ones might. But the bottom line is, if you are going to own a business, you need to be aware of the personal liability risk that comes with it.
I have to admit, this one is kind of tough. There are a lot of things that could happen, and it’s hard to know which ones might. But the bottom line is, if you are going to own a business, you need to be aware of the personal liability risk that comes with it.Personally, I would say that most of the liability related to owning a business is caused by the business owner assuming responsibility for the business. The business owner takes it on himself to make sure that the work he pays for is completed the way it should be done, the workers are properly screened, the product is delivered on time, etc. That being said, there are some types of business that don’t have this much of a risk, so I would argue that they are probably less risky than others.
I have to admit, this one is kind of tough. There are a lot of things that could happen, and it’s hard to know which ones might. But the bottom line is, if you are going to own a business, you need to be aware of the personal liability risk that comes with it.Personally, I would say that most of the liability related to owning a business is caused by the business owner assuming responsibility for the business. The business owner takes it on himself to make sure that the work he pays for is completed the way it should be done, the workers are properly screened, the product is delivered on time, etc. That being said, there are some types of business that don’t have this much of a risk, so I would argue that they are probably less risky than others.Businesses with no employees are generally less risky to own than businesses with employees. Since employees are more likely to come and go, and they need to make sure that the business is running smoothly, this may not be a factor.
I have to admit, this one is kind of tough. There are a lot of things that could happen, and it’s hard to know which ones might. But the bottom line is, if you are going to own a business, you need to be aware of the personal liability risk that comes with it.Personally, I would say that most of the liability related to owning a business is caused by the business owner assuming responsibility for the business. The business owner takes it on himself to make sure that the work he pays for is completed the way it should be done, the workers are properly screened, the product is delivered on time, etc. That being said, there are some types of business that don’t have this much of a risk, so I would argue that they are probably less risky than others.Businesses with no employees are generally less risky to own than businesses with employees. Since employees are more likely to come and go, and they need to make sure that the business is running smoothly, this may not be a factor.It’s a more complicated question than that, though. For example, what about an owner of a company that has no employees and pays employees by commissions? This is a company with a strong profit motive, so the potential for employees to leave is high, and since the company is not running smoothly, they are more prone to fire them than if they were running without employees.
