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Accounting - Risk in small business

Risk in small business

When evaluating a small business the following twelve (12) points are
areas of risk that deserve consideration. Listed here is the first
consideration.

The manner in which the small business is organised; as a sole trader, a
partnership or a company, brings both benefits and disadvantages to the
business. The major risk in this situation is that to the personal assets
of the owner(s). The concept of 'limited liability' remains a relevant
factor to business organisation.

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