When a business fails or does not make a profit, the owners have the most to lose:____.

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28-07-2022
Business

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When a business fails or does not make a profit, the owners have the most to lose:____.

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Tutorconsortium319 Tutorconsortium319 · Answer 1 · 2022-08-05T09:52:35+02:00

When a business fails or does not make a profit, the owners have the most to lose because anyone who guarantees a debt becomes personally responsible for it.

What happens to a business owner if the business fails?

Any individual who backs a loan with a guarantee is personally liable for it if a firm fails. This implies that even if your company is established and the debts are owed by the corporation, you will still be liable if you guaranteed the obligation.

What is the reason most business fail?

Small business failure is most frequently caused by a lack of money or finance, the retention of a subpar management team, a flawed infrastructure or business strategy, and ineffective marketing campaigns.

Learn more about business failure: https://brainly.com/question/13371882

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