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
1. The form of the business organisation
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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